Wharton Study: Build Back Better Will Not Be Free; $3.98, cost - $1.56, new taxes =$2.42 TRILLION Added to US Debt


US President Joe Biden gestures after delivering remarks following a tour at the Clayco construction site in Elk Grove Village, Illinois, October 7, 2021. - Biden traveled to Chicago to promote the importance of Covid-19 vaccine requirements for all workers. (Photo by NICHOLAS KAMM/AFP via Getty Images)

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://www.breitbart.com/politics/2021/11/04/wharton-study-build-b...

The study reportedly estimates the net cost of the legislation will plague taxpayers with an extra $2.42 trillion in debt.

Punchbowl News reported if the package’s provisions became permanent, it “would increase new spending by $3.98 trillion,” and American taxpayers would incur $1.56 trillion in new taxes.

Within a ten-year window, the package is expected to cost the taxpayers $1.87 trillion with an additional $1.56 trillion in taxes levied on American workers and families.

The estimate of Biden’s package is likely to turn the heads of lawmakers, some of whom are pushing for the Congressional Budget Office (CBO) to score the legislation before a vote is held on the measure this week.

“Moderate” Democrats are particularly interested in the scoring of the legislation. Members of Blue Dog Coalition have requested a hold on the passage of the legislation “until we have had a chance to review these scores which provide the true cost of the legislation.”

Rep. Stephanie Murphy (D-FL), who is facing a tough reelection race in 2022, has many concerns she relayed Wednesday. “I believe that we need to take a vote on the infrastructure bill as soon as possible. And I think when it comes to the BBB, we need to have some time to be able to review it — the CBO and JCT tables — to understand how much spending and how much revenue is in the package,” she wrote.

“And there needs to be some level of understanding as to whether or not this bill as written can survive the Senate procedural process,” she added.

Despite the Wharton study, the White House has claimed multiple times the legislation will cost nothing.

On September 28, the Washington Post reported Biden claimed his package would cost zero dollars. “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,” 

In October, a reporter finally questioned the White House about Biden’s claim.”Does the president still believe that Build Back Better will not add a dime to the national debt?” the reporter asked Psaki in a briefing.

“Correct. It won’t,” Psaki claimed.

“Why should Americans believe that?” the reporter asked.

“Because it won’t,” Psaki said flatly.

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Comment by Thinklike A. Mountain on November 6, 2021 at 12:29pm

Winning the War of Words: The Top 5 Rules to Resist the Anti-liberty Left
https://noqreport.com/2021/11/06/war-of-words/

Comment by Bob Stone on November 6, 2021 at 12:10pm

Jared Golden, after all his bluster, voted "yes."  He'll do as told.  

Comment by Thinklike A. Mountain on November 5, 2021 at 8:51pm

Just another wart on his fraudulency.

Comment by Kenneth Capron on November 5, 2021 at 8:18pm

Oh what does Wharton know? Their numbers are way too realistic to be reliable. Now the Shmuckers Institute of Fraud and False Claims - that's a school with great numbers and they usually come through in times of need.

If Biden says its paid for, then why would we question him? Let's get this global-ass warming thing rolling. My house is less than a mile from becoming coastal property. Ain't gonna happen if Wharton gets in the way.

Comment by Thinklike A. Mountain on November 5, 2021 at 4:39pm

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

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