White House Put Dems on Notice CBO Score Will Not Be Good

The Congressional Budget Office (CBO) is expected to release its full review of the $1.75 trillion reconciliation package on Friday.

Rumors that the report will not back Biden’s narrative that the bill costs nothing are already surfacing.

So, Democrats are bracing the party to completely ignore the report and continue to push the zero-cost narrative.

They Are Wrong

So, here is the decision the American people have to make.

Are they going to listen to an office that is generally heavily relied upon for budgetary costs or are they going to listen to a bunch of snake oil salesman (of course, I am referring to members of Congress)?

The fancy accounting work that Democrats have done to try to zero out this legislation is being exposed.

In fact, CBO chief Phillip Swagel has already come forward to say that the $400 billion Democrats claim will be raised by tax loophole closures will only generate about $120 billion.

Ben Harris, assistant secretary for economic policy at the Treasury Department, is already starting the new narrative that Democrats will try to push.

He stated, “In this one case, I think we’ve made a very strong empirical case for CBO not having an accurate score.

“The question is, would they rather go with CBO knowing CBO is wrong, or would they want to target the best information they could possibly have?”

Harris is not only calling out the CBO for being wrong but also every economic group that has evaluated the plan, including the Wharton School of Business, which found the plan falls short by $468 billion in expected revenue ($223 billion short of paying for the entire bill).

So, everyone that specializes in this type of evaluation is wrong, except for the people Joe Biden put together.

The other aspect of this that Democrats seem not to grasp is the short-sighted nature of this claim.

If they try to discredit the CBO now, the door is wide open for Republicans to do the same when they get a CBO score they do not like.

They would be far better taking their lumps and either cutting that money out or simply stating they will try to figure out another way to pay for the legislation.

To be honest, even if the bill did come out to a break-even point, the chances of everything holding true they need to hold true for that to happen are slim to none.

The American people are getting hosed by this administration, yet the entire party continues to double down on these bogus narratives.

It is exactly why dozens of Democrats are going to find themselves out of work come January 2023.

Sources: New York Post & Daily Caller

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A week ago, Joe Biden told Americans that prices aren’t actually high.

But the numbers don’t lie.

Inflation is up 14.4% since Biden took office.

And all the president can offer are more lies.

Inflation ⬆️ more than expected.

Overall CPI: +6.4% y/y
Fuel Oil: +27.7%
Electricity: +11.9%
Groceries: +11.3%
Chicken +10.5%
Milk: +11%
Eggs: +70.1%
Bread: +14.9%
Potatoes: +12.4%
Baby Food: +10%
Airline Fares: +25.6%
Real Average Hourly Earnings: -1.8%

Year-over-year real wages have been negative for 22 months - ever since Biden forced through his $1.9 trillion "stimulus."

That's a wages recession for American workers.

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