CBO numbers for Biden’s ‘Build Back Better’ plan spell disaster for the national deficit

President Joe Biden, his administration, and his top Democratic allies in Congress continue to lie to the American public by insisting that his “Build Back Better” plan (BBB) is “paid for” and won’t cost the country a dime.

While it’s bad enough that they would choose to lie about that, according to Newsmax, the Congressional Budget Office (CBO) has confirmed that the legislation will, in fact, cost America dearly — to the tune of adding at least $3 trillion to the national deficit over the next decade.

It was noted that the $3 trillion in additional debt will happen if the programs within Biden’s BBB are made permanent, which is undoubtedly the Democrats’ plan.

However, even in the unlikely event that the programs proposed in the bill are not made permanent, BBB will still tack an additional $160 billion on the U.S. deficit over the next decade which, again, is far from “free.”

Why so expensive?

Primarily, Biden’s BBB is jam-packed with a Democrats’ wish-list of social spending programs that undoubtedly make the likes of Democratic socialists like Sen. Bernie Sanders (I-VT) smile with glee.

In addition to a long list of “free” programs the bill will spawn, Biden’s legislation will establish universal preschool, vast expansions to Medicaid, and as Newsmax noted, add nearly $2 trillion in new taxes.

While free community college was originally in the plan, it was later nixed. But as a result, the Biden administration, in an attempt to appease those who were hoping for free college, the administration shifted to bolstering and expanding the Pell Grant system, according to Best Colleges.

In a nutshell, should the bill pass, college students will have access to greater amounts of money offered by the Pell Grant program.

“The Build Back Better plan would raise the maximum award by $550 to $7,045, which is an 8.5% increase. The change would take effect next year and last until at least 2026, according to the current version of the Build Back Better Act, which is still under negotiation,” the website noted.

Manchin: “Budget gimmicks”

Sen. Joe Manchin (D-WV), the strongest moderate Senate Democrat, is still not on board with the current version of BBB, and remains essentially the only shield preventing the passage of the radical, progressive spending bill.

“As more of the real details outlined in the basic framework are released, what I see are shell games and budget gimmicks that make the real cost of this so-called ‘$1.75 trillion’ bill estimated to be twice as high if the programs are extended or made permanent,” Manchin said.

As the clock runs out for Biden and his Dem allies to get the bill through Congress and on to his desk, it appears as if the only way it will pass is if radical changes are made with which Manchin can agree. Thankfully, so far, Manchin is standing his ground.

Latest News