https://issuesinsights.com/2021/09/16/afghan-tragedy-border-blunders-vaccine-disaster-now-biden-co-want-to-spend-us-into-socialist-oblivion/
West Virginia Senator Joe Manchin had it partly right when he called for a “strategic pause”. But now it is clear that the $3.5 trillion price tag seriously understates the Bernie Sanders/AOC/progressive reconciliation bill through which they will try to remake America into their socialist image.
Early on, Sens. Rick Scott, R-Florida, and Bill Hagerty, R-Tenn., both recognized that the price tag was artificially low for all these socialist goodies revealed in the initial budget resolution. And that’s just the start. They and many others are pegging the actual price tag at $5 or even $7 trillion. The reason for the discrepancy is found in the entitlements, the actual details of which are still embargoed in the massive 10,000-page bill.
What we do know comes from the budget resolution that outlines the Bernie Sanders/AOC “leftist wish list” and seeks a complete remaking of the American economy. It is key to remember that congressional budgets are blueprints for the actual spending – advanced ultimately in this case in a reconciliation bill – which will take place later this month.
Reconciliation was originally adopted as a provision of law to cut overall government spending to fit into the federal budget. But today it is a chance for another bite at the apple for tax increases and for new entitlement spending that cannot be cut since entitlement spending is automatic as provided by law. Today reconciliation serves another purpose: adoption of new regulatory policies that effectively operate as taxes by imposing new costs on businesses.