The true costs of Biden's infrastructure bill, explained

FEE’s Peter Jacobsen writes, “Congress recently passed the White House’s Infrastructure Bill to the tune of $1 trillion. President Joe Biden is expected to sign the legislation into law on Monday.

In the lead-up to the vote, the administration and House Democrats were oddly adamant that the bill would cost zero dollars. That’s right, a free $1 trillion infrastructure bill.

There’s no such thing as free infrastructure. https://t.co/O5AbacTK0j

— FEE (@feeonline) November 15, 2021

Another FEE article already debunked this claim with thorough examination of the concept of forgone alternatives. However, following the poor reception of the rhetoric that the infrastructure bill would cost nothing, messaging seems to have pivoted to a less dubious position. Namely, that the infrastructure bill will not add a penny to the deficit.

There is more truth to this assertion than the last, but a thorough examination still finds this claim wanting. Why? In order to understand, we need to, again, consider the forgone alternatives.”

Read the entire column.