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CBO Analysis: Build Back Better Bill could add 3 Trillion to Deficit over 10 years

It's obvious that if we pass BBB it will likely add trillions to the national debt and create additional inflation. Anyone who thinks otherwise is lying to themselves.
Not obvious at all. The CBO score says 367B over 10 years, which works out to about $40B per year. Not nothing, but on a $4T budget, its negligible.


Remember, any bill that congress passes that has spending or tax cuts has an economic impact. That impact will produce tax revenues that will help pay for the bill. The effectiveness of a tax cut or a spending bill is measured by what the bill targets. That is where the CBO comes in: to look at the long-term economic impact of the bill. For that reason, an amateur making statements about the impact of the bill is .... well, not going to bring anthing meaningful to the conversation, but that should be obvious.
 
Given that here the accuracy will be driven by "how often do "temporary" entitlements, in fact, become permanent", that would be the relevant question.
Alternative scenarios are just there to entertain the goons.
 
Not obvious at all. The CBO score says 367B over 10 years, which works out to about $40B per year. Not nothing, but on a $4T budget, its negligible.

This number is based on bullshit that the Democrats fed the CBO to score. They are having key programs expire after a year or two despite admitting that the goal is to make them permanent. The problem is when they had the bill in its entirety it was impossible to pay for without turning our currency into the bolivar. They freely admit they have no desire to let these policies expire and claim they will magically be able to fund it in the future. This is a lie. If it was possible to pay for this they would do it now. It's a scam so they can claim it is budget neutral to get it to pass while their lemmings sing the song they want them to sing. They're counting on the media telling Americans that it is all paid for and the people being too stupid to know the truth.

Remember, any bill that congress passes that has spending or tax cuts has an economic impact. That impact will produce tax revenues that will help pay for the bill.
The CBO takes into account the changes to future revenues when scoring a bill. That's the entire point of the CBO.
 
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