{"id":973626,"date":"2021-11-05T19:14:00","date_gmt":"2021-11-05T23:14:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=973626"},"modified":"2021-11-05T19:14:02","modified_gmt":"2021-11-05T23:14:02","slug":"report-democrat-spending-bill-costs-more-than-twice-what-pelosi-says","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-democrat-spending-bill-costs-more-than-twice-what-pelosi-says\/","title":{"rendered":"Report: Democrat Spending Bill Costs &#039;More than Twice what Pelosi Says&#039;"},"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\">22<\/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%2Freport-democrat-spending-bill-costs-more-than-twice-what-pelosi-says%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=973626&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><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/11\/oct20-2021-nancy-pelosi-build-back-better-bill-ap-photo-640x335-1.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p class=\"subheading\">The real cost of President Joe Biden\u2019s Build Back Better agenda could be \u201cmore than twice what Pelosi says,\u201d the <em>Wall Street Journal<\/em> <a href=\"https:\/\/www.wsj.com\/articles\/the-3-98-trillion-trojan-horse-11636066234\">reported<\/a>.<\/p>\n<p>In a Penn Wharton Budget Model released on Thursday, analysts found that Democrats\u2019 spending bill will ultimately cost more than $1.75 trillion over 10 years and will not \u201creduce the federal deficit.\u201d Instead, the spending bill in its current form could cost $1.87 trillion and raise $1.56 trillion in revenue over 10 years, which is more spending and less in taxes than White House projections.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>\u201cSo the entitlement bill doesn\u2019t come close to paying for itself, and that\u2019s before the House restored a program for four weeks of paid family leave. Penn Wharton estimates that it would reduce economic growth by 0.1% by 2050 and add 2% to the federal debt,\u201d according to the report.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Penn Wharton further warned that \u201cif all of the provisions of the bill (except green energy tax cuts) are made permanent\u201d spending would be up to $3.98 trillion, and tax revenue would remain around $1.55 million over 10 years, the report states.<\/p>\n<p>\u201cThat\u2019s more than twice what the White House is trying to get Americans to believe. Penn Wharton says this level of spending would increase the federal debt 25.2% and reduce GDP 2.8% compared with current law by 2050,\u201d according to the publication.<\/p>\n<p>The report continues:<\/p>\n<blockquote readability=\"11\">\n<p>This matters because Democrats openly admit that their strategy is to pass new entitlements like national child care, disguise their cost by pretending to phase the programs out inside the 10-year budget window, but assume they will become permanent as they always do. This means the real cost of the Sanders-Biden-Pelosi budget is $4 trillion, and it will put the U.S. on a path to European entropy.<\/p>\n<\/blockquote>\n<p>Democrats have been unable to unite on the spending bill long enough to pass it, however. House Speaker Nancy Pelosi (D-CA) once again was <a href=\"https:\/\/www.foxbusiness.com\/politics\/pelosi-reconciliation-infrastructure-rule-vote-moderates\">forced to delay<\/a> a vote on the bill on Friday \u201camid resistance from moderates.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The real cost of President Joe Biden\u2019s Build Back Better agenda could be \u201cmore than twice what Pelosi says,\u201d the Wall Street Journal reported. In a Penn Wharton Budget Model &#8230;<\/p>\n","protected":false},"author":12,"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-973626","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\/973626","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\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=973626"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/973626\/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=973626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=973626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=973626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}