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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.

'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.'

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."

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