{"id":1032288,"date":"2021-11-19T13:44:30","date_gmt":"2021-11-19T18:44:30","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1032288"},"modified":"2021-11-19T13:44:35","modified_gmt":"2021-11-19T18:44:35","slug":"take-out-the-political-tricks-and-the-democrats-spending-bill-really-costs-nearly-five-trillion-dollars","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/take-out-the-political-tricks-and-the-democrats-spending-bill-really-costs-nearly-five-trillion-dollars\/","title":{"rendered":"Take Out The Political Tricks And The Democrats Spending Bill Really Costs Nearly Five Trillion Dollars"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftake-out-the-political-tricks-and-the-democrats-spending-bill-really-costs-nearly-five-trillion-dollars%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1032288&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<aside id=\"right1forarticles\">\n<\/aside>\n<div id=\"ob-read-more-selector\" readability=\"34.848979591837\">\n<p>The Congressional Budget Office (CBO) released its official cost estimate for the Democrats\u2019 spending bill Thursday, but some models suggest the real cost is much higher.<\/p>\n<p>The CBO announced that the bill would add <a href=\"https:\/\/thehill.com\/policy\/finance\/582266-cbo-releases-cost-estimate-of-biden-plan\" target=\"_blank\" rel=\"noopener noreferrer\">$367 billion<\/a> to the federal deficit. However, the Penn <a href=\"https:\/\/budgetmodel.wharton.upenn.edu\/issues\/2021\/11\/15\/hr-5376-build-back-better-budget-macro\" target=\"_blank\" rel=\"noopener noreferrer\">Wharton Budget Model<\/a> estimates that the real cost of the bill will be nearly $4.6 trillion if temporary policies are made permanent. The Wharton Budget Model also predicts the federal deficit to increase by 24.4% and GDP to fall by 2.9% by 2050 if the current spending bill becomes law.<\/p>\n<p>The <a href=\"https:\/\/www.crfb.org\/blogs\/build-back-better-cost-would-double-extensions\" target=\"_blank\" rel=\"noopener noreferrer\">Committee for a Responsible Federal Budget<\/a> (CRFB) estimates the cost of the bill to be $4.9 trillion if programs and tax credits continue through 2031.<\/p>\n<p>Democrats rely on arbitrary expirations on programs in the bill to lower the cost, the CRFB reported. However, the temporary programs are expected to become permanent. &nbsp;<strong><a href=\"https:\/\/dailycaller.com\/2021\/10\/29\/democrats-federal-trade-commission-lina-khan\/\" target=\"_blank\" rel=\"noopener noreferrer\">(RELATED: Democrats\u2019 Spending Bill Creates A \u2018Privacy Bureau\u2019 With A $500 Million \u2018War Chest\u2019)<\/a><\/strong><\/p>\n<blockquote class=\"twitter-tweet\" readability=\"7.0875\">\n<p dir=\"ltr\" lang=\"en\">From <a href=\"https:\/\/twitter.com\/WSJopinion?ref_src=twsrc%5Etfw\">@WSJopinion<\/a>: Democrats have rigged the budget rules with multiple tricks that disguise the real cost of their tax and entitlement bill by trillions of dollars <a href=\"https:\/\/t.co\/Y6qxvtqP5W\">https:\/\/t.co\/Y6qxvtqP5W<\/a><\/p>\n<p>\u2014 The Wall Street Journal (@WSJ) <a href=\"https:\/\/twitter.com\/WSJ\/status\/1461718436950818823?ref_src=twsrc%5Etfw\">November 19, 2021<\/a><\/p>\n<\/blockquote>\n<p>The <a href=\"https:\/\/dailycaller.com\/2021\/10\/21\/patel-understanding-danger-america-radical-spending-bill-democrats\/\" target=\"_blank\" rel=\"noopener noreferrer\">spending bill<\/a> includes <a href=\"https:\/\/dailycaller.com\/2021\/11\/19\/house-sends-bidens-spending-package-senate-build-back-better\/\" target=\"_blank\" rel=\"noopener noreferrer\">provisions<\/a> for paid family leave, tax deductions, spending meant to combat climate change, universal pre-k, Medicare expansions, and more.<\/p>\n<p>The <a href=\"https:\/\/dailycaller.com\/2021\/11\/15\/biden-spending-cbo-infrastructure-deficit\/\" target=\"_blank\" rel=\"noopener noreferrer\">Biden administration<\/a> and numerous senior Democrats claimed for months that the bill would \u201ccost zero dollars,\u201d arguing that the pay-fors would offset the spending programs. CBO chief Phillip Swagel shot that claim down.<\/p>\n<p>The <a href=\"https:\/\/dailycaller.com\/2021\/11\/01\/spending-bills-duds-poll-americans-biden\/\" target=\"_blank\" rel=\"noopener noreferrer\">bill<\/a> <a href=\"https:\/\/dailycaller.com\/2021\/11\/19\/house-sends-bidens-spending-package-senate-build-back-better\/\" target=\"_blank\" rel=\"noopener noreferrer\">passed the House<\/a> Friday morning with a 220-213 vote and is now headed to the Senate.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Congressional Budget Office (CBO) released its official cost estimate for the Democrats\u2019 spending bill Thursday, but some models suggest the real cost is much higher.The CBO announced &#8230;<\/p>\n","protected":false},"author":175,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1032288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1032288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/175"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1032288"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1032288\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1032288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1032288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1032288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}