President Joe Biden and Capitol Hill Democrats are racing to pass their massive social spending bill, known as Build Back Better, before Christmas. Maybe they’ll succeed, and maybe they won’t — a lot depends on whether Democratic Sen. Joe Manchin hops on board. But no one should have any illusions about what BBB, the final piece in the Democrats’ COVID-year spending orgy, costs. After a lot of deceptive claims from Democrats, we finally have an answer.
Biden has claimed, falsely, that the bill is “fully paid for.” But last month, the Congressional Budget Office released an analysis saying BBB would add $367 billion to the deficit over the next 10 years. So much for “fully paid for.”