By Mark Glennon | 27 September 2021
WIREPOINTS — President Biden and his allies in Congress are having a rough time winning support for a new, historic, gigantic spending plan, but they knew who to call for help.
On Friday, Gov. JB Pritzker joined Biden on a Zoom call with local reporters to make the case for the pending federal legislation.
You may know the bill as the “$3.5 infrastructure bill,” which is what it has been commonly called in the media.
But that’s just a testament to media distortion. It’s not $3.5 billion and it’s not infrastructure.
The true cost is likely to be $5 to $5.5 trillion over ten years according to the bipartisan Committee For A Responsible Budget. A primary gimmick being used, it said, is pretending that programs intended to be permanent expire, which they say obscures “the true cost of the legislation and put program beneficiaries at risk.” A Wall Street Journal editorial detailed various “time shift gimmicks” and also explained how some states will be stood up for paying, on their own, part of the cost of new, universal pre-K entitlement and free community college. Hence, their preface: “Behold one of the greatest fiscal cons in history.”
“The press has reported almost none of this,” said the Journal about the phony cost estimates.
The Biden’s Administration’s answer to the cost issue is astonishing, even by its standards. The cost is actually “zero,” they say. Biden himself said the cost is “nothing.” On what basis? They claim they will raise taxes enough to cover the cost.
How’s that for chutzpah? As long as you are billing taxpayers, you can say it costs nothing. […]