“Zero Dollars Joe.” Just one of a plethora of appropriate nicknames for the 46th president of the United States, who in less than 10 months has managed to do exactly what Barack Obama once “allegedly” said about his former sidekick: “Don’t underestimate Joe’s ability to f**k things up.” Sure enough, here we are.
While we’re at it, Obama also “allegedly” said: “You know who really doesn’t have it? Joe Biden.”
As we reported last week, the lying bunch of rascals in the White House — Biden included — continue to claim (lie their a**es off) that Biden’s massive wealth-redistribution scheme, ridiculously named “Build Back Better” (BBB), would cost U.S. taxpayers “zero dollars” and would add “zero dollars” to the national debt.
My Build Back Better Agenda costs zero dollars.
Instead of wasting money on tax breaks, loopholes, and tax evasion for big corporations and the wealthy, we can make a once-in-a-generation investment in working America.
And it adds zero dollars to the national debt.
— President Biden (@POTUS) September 26, 2021
This is laugh-out-loud foolishness, of course, but again — Joe Biden. Or as the Republican State Leadership Committee called it, “deliberately lying to Americans.”
“We talk about price tags. It is zero price tag on the debt. We’re paying — we’re going to pay for everything we spend.”
Totally delusional comments from @JoeBiden on the cost of his $5+ trillion spending bill.
He’s deliberately lying to Americans.https://t.co/OXsTKLfQbD
— Republican State Leadership Committee (@RSLC) September 28, 2021
The Hoover Institution’s Michael J. Boskin said it perfectly, as well:
“While all politicians exaggerate, US President Joe Biden’s claim that his proposed $3.5 trillion spending package ‘costs zero dollars’ rises to a higher plane.”
Of course, all politicians exaggerate. But in this case, Biden is guilty of bald-faced lying, Boskin wrote.
Accusing the President of the United States of being a bald-faced liar is a serious charge, for sure. I mean, you better have facts or data to back up such a charge, right?
Fine. Let’s go to a recent study by the prestigious Wharton School of Business for a bit of number-crunching on Biden’s preposterous claim.
The Wharton School of the University of Pennsylvania will reportedly issue a study Wednesday that reveals President Joe Biden’s reconciliation package will not be free, although the White House has claimed it would cost “zero” dollars. https://t.co/1CB02gFTzd
— Breitbart News (@BreitbartNews) November 4, 2021
The bottom line: The study estimates the net cost of the Build Back Better bill would saddle taxpayers with an extra $2.42 trillion in debt. As reported by Punchbowl News on Thursday:
The BBB plan is not completely paid for (as Biden and the Democrats claim) — it would increase spending by $1.87 trillion, while increasing revenue by $1.56 trillion in the 10-year budget window.
And if all of the programs besides the clean energy credit become permanent, that would increase new spending by $3.98 trillion while revenue would only increase by $1.56 trillion.
Incidentally, remember when a White House reporter in October asked Jen Circle-Back Psaki: “Does the president still believe that Build Back Better will not add a dime to the national debt?” Me, too.
And remember Psaki’s smug answer?
“Correct. It won’t,” Psaki claimed.
“Why should Americans believe that?” the reporter asked.
“Because it won’t,” Psaki flatly said.
Meanwhile, facts matter.