Biden falsely claims his $3.5 trillion spending bill has a price tag of ‘zero’

FEE's Brad Polumbo writes, "The misleading arguments painting Biden’s spending agenda as costless ignore one of the most basic principles of economics: the inescapable nature of trade-offs.

That’s not what “costs zero dollars” means. https://t.co/ynULisP4CH

— Brad Polumbo ??⚽️ ?️‍? (@brad_polumbo) September 26, 2021

'There are no solutions, there are only trade-offs,' the economist Thomas Sowell once observed, 'and you try to get the best trade-off you can get, that's all you can hope for.'

Gaslighting. This is NOT how basic economics and math work. Paying with new taxes instead of new debt doesn't make something have a "zero-dollar" cost. You're still confiscating and redistributing $3.5T+. https://t.co/4bsYn9lnuQ

— Brad Polumbo ??⚽️ ?️‍? (@brad_polumbo) September 27, 2021

By claiming his massive spending agenda has no real costs, President Biden is misleading the public. If he wants to argue for a massive expansion of the welfare state financed through broad tax hikes, he’s free to do so. But the president shouldn’t offer voters the empty promise of a free lunch—when they’re still going to be stuck with the bill."

Read the entire column.