“this is not going to cost the American public a dollar”
Now that the Democrats are considering slightly lowering the amount of their massive spending bill, Peter Doocy of FOX News asked Jen Psaki if they’re still standing by the absurd suggestion that the bill will cost zero dollars.
Naturally, she still claims that it won’t cost anything because it’s paid for.
Jon Brown reports at FOX News:
Psaki says $3.5T spending bill costs nothing for people earning less than $400K
White House press secretary Jen Psaki claimed Monday that President Biden’s Build Back Better agenda will cost nothing for Americans who make less than $400,000.
“Let’s not dumb this down for the American public here,” Psaki said in response to a question from White House correspondent Peter Doocy about whether the package will cost “zero dollars” as the president claimed last week. “What we’re talking about is how much the top-line investments are, which are all paid for, so therefore it costs zero. No matter what the size or the cost of the top-line investments are, we have ways to pay for it.
“So the point is that’s important to the American public — and all of your viewers, too — that this is not going to cost the American public a dollar,” she continued. “We’re going to pay for this by asking corporations, the highest income — so people under $400,000, I should say — corporations’ highest income to cover the costs of these necessary investments.
Here’s the video:
The White House is still pushing this ridiculous claim on Twitter as well.
The Build Back Better Agenda costs $0. The plan will ensure the ultra-wealthy pay their fair share and won’t raise taxes on anyone making less than $400K a year. That’s a big deal. pic.twitter.com/hQnpUqwdS0
— The White House (@WhiteHouse) October 4, 2021
Ben Shapiro recently put this in perspective. From CNS News:
This asinine notion immediately rocketed around the political sphere. White House press secretary Jen Psaki explained, “The reconciliation package will cost zero dollars.” Rep. Pramila Jayapal (D-WA) said, “This is a zero-dollar bill because it’s all going to be paid for with taxes on the wealthiest corporations and the wealthiest individuals, which makes it more popular than it even was before.” Members of the media began repeating the line ad nauseum. The reason was obvious: Democrats are trying to cudgel Republicans into acquiescing.
Putting aside the contention that Biden’s bill would be paid for through tax increases — a doubtful proposition, given that the Democrats have been playing accounting games by extending particular allowances for just a handful of years, or backloading new costs until years down the road — the baseline notion that government spending is zero-cost so long as it doesn’t take on new debt is bonkers. It’s the equivalent of arguing that so long as someone pays for a cocaine-fueled gambling binge in Vegas in cash, the experience has been cost-free.
Most people don’t understand what a massive number a trillion is. The White House is counting on that.
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