When the control-centric and expensive Obamacare was being shoved through Congress a decade ago, Rep. Nancy Pelosi infamously told Americans Congress would have to adopt the extravagant plan in order for them to know what’s in it.
Article by Bob Unruh from our news partners at WND News Center.
Now, it appears they will be finding out at least a bit of what’s in the latest Democrats’ spending spree, Joe Biden’s latest proposal, before it can become the law.
The Washington Examiner, in fact, cited the Congressional Budget Office over its reporting that if Biden’s temporary measures in the plan are made permanent, it would push the deficit up another $3 trillion.
✔️ Boost your immune system with Nutraceutical by Dr. Zev Zelenko
✔️ Beat supply chain issues and future pharmaceutical tyranny with 5 Antibiotics Delivered to Your Home
✔️ Be ready to help yourself and your family with the World’s Best Med Kit
The Examiner explained, “The numbers were requested by Republicans, who have criticized the Democratic plan as being riddled with budgetary gimmicks to make it appear to cost less. The legislation has several spending items that sunset early that, if made permanent as Democrats intend them to be, would balloon the cost of the bill.”
The report described the information as “a blow” to Biden’s attempts to shove the spending spree through Congress.
Those efforts have been stymied so far by Sen. Joe Manchin, D-W.Va., and others who have raised alarms about the costs.
The Examiner reported, “The initial scoring from the CBO only accounted for the legislation as written, sunsets included. The CBO first said the legislation would increase federal deficits by $367 billion over the next 10 years.”
But the Joint Committee on Taxation has charged that the Democrats’ child tax credit alone could end up costing $1.6 trillion over the next decade after the party expanded those cash handouts.
That there is concern about the costs became evident when Treasury Secretary Janet Yellen sent out a statement late Thursday, trying to minimize the impact of the looming estimate.
“She said President Joe Biden has vowed to pay for any extensions of the legislation’s provisions and that ‘it is inappropriate to judge this legislation based on an assumption that future acts of Congress won’t be paid for,’” the report said.
She wrote, “The Congressional Budget Office is expected to release its analysis. … This should not be confused with a score of the Build Back Better Act, which was already released. Instead, this analysis is of a bill that the House did not pass, the Senate is not considering, and the president — who has committed to paying for permanent investment — would not sign.”
But the Committee for a Responsible Federal Budget has confirmed that the actual costs of the Democrats’ spending plans would be about $4.9 trillion – far higher that the Democrats’ party estimates of under $2 trillion.
The Examiner said, “The new scoring will make passing the spending legislation ever the more difficult.”
Image by Gage Skidmore from Peoria, AZ, United States of America, CC BY-SA 2.0, via Wikimedia Commons.
They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
For us to continue to deliver the truth that Americans need to read and hear, we ask you, our amazing audience, for financial assistance. We have a Giving Fuel page to help us pay the bills. It’s brand new so don’t be discouraged by the lack of donations there. It’s a funny reality that the fewer the donations that have been made, the less likely people are willing to donate to it. One would think this is counterintuitive, but sometimes people are skeptical because they think that perhaps there’s a reason others haven’t been donating. In our situation, we’re just getting started so please don’t be shy if you have the means to help.
Thank you and God bless!
All ORIGINAL content on this site is © 2021 NOQ Report. All REPUBLISHED content has received direct or implied permission for reproduction.
With that said, our content may be reproduced and distributed as long as it has a link to the original source and the author is credited prominently. We don’t mind you using our content as long as you help out by giving us credit with a prominent link. If you feel like giving us a tip for the content, we will not object!
JD Rucker – EIC