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The New York Post reports, “The Congressional Budget Office projected Friday that President Biden’s sweeping social spending bill would add $3 trillion to the federal deficit once so-called ‘budget gimmicks’ that critics like Sen. Joe Manchin say hide the true cost are stripped out.
Inflation up 6.8% over the last 12 months and the CBO estimates Biden's trillion dollar tax-and-spend plan will add $3 trillion to the debt. Next year would be a good year to take back the Senate and the House and end this nonsense. https://t.co/LdwFz3rcED — Senator Rand Paul (@RandPaul) December 10, 2021
Inflation up 6.8% over the last 12 months and the CBO estimates Biden's trillion dollar tax-and-spend plan will add $3 trillion to the debt.
The nonpartisan CBO’s estimate came in response to a request from Sen. Lindsey Graham (R-SC) and Rep. Jason Smith (R-Mo.), the ranking member of the House Budget Committee, for a report — or ‘score’ — of a version of the Build Back Better Act that would not wind down programs including universal child care, an expanded child tax credit, an increase in the cap on state and local tax deductions, and health insurance subsidies.”
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