Will Not Cost a 1₵
Spending $4.5 Trillion
The Con
It is the same old long con taken to a new dimension. The Bigger, Badder, Bankrupt bill passed in the House will likely cost $4,600,000,000.000. Not the $1,780,000,000,000 as the House Speaker claims.
The gimmick loads the bill with a parade of what is intended to be permanent social spending programs that are set to expire in a few years knowing that once they become law, they will be extended beyond the sunset date and become permanent. In fact, many of the expensive welfare program expire in one year in the bill. There are at least seventeen benefit programs that sunset is a few years.
There is nothing as permanent as a temporary government spending program.
An example is the bill grants a one-year extension to the child tax credit. $300 every month per child under age six and $250 every month per child six to seventeen. Once entrenched you should expect a forced vote to make permanent or remove payments to millions that have become addicted to it. Monthly payments to millions of parents are not going to be scrapped.
Bottom line is your government is comparing the revenues (exaggerated) it claims to be collected over ten years with spending perhaps as little five years. That they say, “Is fully paid for.” Do you believe? Yeah you try balancing your budget by comparing the future ten years of pay checks with five years of spending and see how that works out for you.
If that is not enough for you, the puppet is insisting that government spending is an “investment.” An investment is acquiring an asset that lasts. Government spending is consumed and gone.
This spending bill if passed in the Senate will destructively balloon the national debt. It will consume more of your hard work in the form of additional taxes or inflation or both. At the end of the day, you will pay.
We Americans better wake up and vote. Join the team make a donation. Make a call and write to your federal Congressman and Senator today. Stop the insanity!