While the Biden administration and congressional Democrats continue to haggle over the size of their reckless tax and spend bill, the Congressional Budget Office (CBO)ย toldย Senate Budget Committee Ranking Member Lindsey Graham (R-S.C.) that without budget gimmicks, the legislation costs $4.9 trillion and adds $3 trillion in new debt. (RELATED: Controversial Bailout Tucked Away in $3.5 Trillion Budget)
Graham is warning anyone who will listen with a full court media press.
The Wall Street Journal, Editorial: Real Cost of Biden's Spending Plan
โDemocratic leaders Nancy Pelosi and Chuck Schumer reacted furiously to this news, falling back on their claims that the Build Back Better Act is โfully paid for.' Mrs. Pelosi says CBO has scored Mr. Graham's โimaginary bill.'ย But her bill is the real fiscal fantasy and โfully paid for' is the lie of the year.โ
โEnter Sens. Lindsey Graham and John Cornyn, who asked CBO director Phillip Swagel to add up the cost of the bill that recently passed the House if all of its programs were made permanent. This is a more honest accounting because Democrats admit both that they want to make the spending permanent and that they've adjusted programs to make them fit under the Senate budget rules so they can pass with a mere 51 votes (including Vice President Kamala Harris).ย Mr. Swagel's response, sent on Friday, is a torpedo speeding toward the hull of Build Back Better.ย The dishonesty in the $1.75 trillion spending total is astonishing even by Congressional standards.โ
โOverall, Mr. Swagel says in his letter, CBO and the Joint Committee on Taxation project thatย the House bill would increase the deficit by $3 trillion over 10 years without the budget gimmicks and phony phase-outs.โ
Fox News: Lindsey Graham rips Democrats for โlying' about the cost of Build Back Better after CBO projection
โWhen they tell you the bill is paid for, they're lying.ย When Nancy Pelosi brought it to the House with a CBO score of [$1.75 trillion], it was a lie. When she said it was [$365] billion to the deficit, it's a lie.โ โ Senate Budget Committee Ranking Member Lindsey Graham (R-SC)
The Hill: Graham says Democrats must โquit lying' about Build Back Better, calls for House to revote
โโThe last thing I'm going to do is add more burdens to working families in South Carolina.ย And here's my message to the Democratic Party: Quit lying about this bill. They should revote it in the House,' said Graham.ย โWe need to stop Build Back Better before it destroys this country.'โ
SEE ALSO: Economist Warns โBuild Back Better' Will Discourage Americans From Working
Fox News: Lindsey Graham warns Build Back Better โspending orgy' is โpaving a path to socialism'
โ[Graham] also warned that the Democrats' โspending orgy' that didn't have budget โgimmicks' would cost $4.9 trillion and add $3 trillion to the national debt. โThe radical left couldn't care less,'ย Graham also said.ย โThey are on a mission to pass this monstrosity come hell or high water.'โ
READ NEXT: Fed Forecasts Multiple Rate Hikes for Coming Year >>
The opinions expressed in this article are those of the author and do not necessarily reflect the positions ofย American Liberty News.