https://www.wsj.com/articles/bidens-new-spending-whopper-11632780042?mod=opinion_lead_pos11
Where have all the “fact checkers” gone? On Saturday night President Joe Biden took to social media to repeat his new multi-trillion-dollar falsehood. And much of the press corps has nothing to offer in response but approbation.
A Journal editorial published online Friday night noted the latest Biden tall tale about his effort to enact a historic spending binge, estimated to cost $3.5 trillion, but perhaps as much as $5 trillion or more:
The agenda that was being sold a few weeks ago as the modern equivalent of the New Deal or Great Society is actually so modest it doesn’t cost a thing.
“Every time I hear this is going to cost A, B, C, or D—the truth is, based on the commitment that I made, it’s going to cost nothing,” President Biden said at a press conference Friday, trying to restore momentum to the reconciliation package, “because we’re going to raise the revenue.”
We didn’t know that when you pay for something that makes it free… And so a talking point is born, or at least trying to be: The largest tax increase as a share of GDP and the largest entitlement expansion since the 1960s costs nothing. And money grows on trees.
Instead of correcting his multi-trillion-dollar whopper, the President then took to Twitter on Saturday night to falsely claim:
My Build Back Better Agenda costs zero dollars.
One does not need to venture beyond Mr. Biden’s own website to see that the costs of his agenda are enormous, and therefore that this claim is false.
The Biden tweet then made another claim which essentially refuted the first one—acknowledging that there will be significant costs, and that taxpayers will bear them:
Instead of wasting money on tax breaks, loopholes, and tax evasion for big corporations and the wealthy, we can make a once-in-a-generation investment in working America.