Democrats moved toward a vote on the social safety net and climate plan, as five House holdouts wanted to see the Congressional Budget Office score.
www.cnbc.com
So according to the CBO, Biden's plan would at most add about 37 billion to the deficit per year over the next decade. That is pennies on the dollar when you consider a 23 trillion dollar budget.
Not only that but in order to come up with that number they blatantly ignored the potential for higher revenues by increased IRS enforcement.
And as we all know the CBO is half-filled with Republicans who will always give an incredibly pessimistic view of any Democratic Bill.
So what does that tell us? It tells us that, yes, in fact, it is entirely possible that Biden is 100% correct. This bill may not actually add to the deficit at all. Even if it does it would be barely even noticeable.
For some perspective, the Federal Aid that was approved for a recent natural disaster was over 200 billion. So if there were just 2 additional major natural disasters over the next decade as compared to the last decade, that would add more to the deficit than the Build Back Better plan.
If this is what the CBO is saying, I can pretty much guarantee you that the truth will actually be better.
