Could this be the case?
Republican Rep. Jason Smith of the House Budget Committee recently sounded the alarm and stated that President Biden’s $4.9 trillion Build Back Better Act is going to completely “bankrupt the economy” especially during a time where inflation is soaring in America.
According to Breitbart, the Congressional Budget Office (CBO) found that Biden’s BBB plan is going to add $3 trillion to the national deficit over the next decade. Furthermore, the true cost of the BBB plan is actually $4.9 trillion not what is currently being touted as $1.75 trillion official price tag.
Rep. Smith stated, “This analysis from the nonpartisan Congressional Budget Office confirms that Washington Democrats are misleading the public about the true cost and impact of their tax and spending agenda. For weeks, Democrats have ignored independent analyses that showed what CBO today has now confirmed – their reckless reconciliation bill will ultimately cost $4.9 trillion and add $3 trillion to the debt.”
He further explained, “In the past, Democrats heralded the CBO as the ‘gold standard.’ It is irresponsible and disrespectful to American taxpayers that Democrats remain in denial about the true impact of their agenda while at the same time they are doing nothing to tackle the highest spike in consumer prices since 1982, as confirmed by the Department of Labor this morning. In fact, their proposal will only make the recent spike in prices worse. Democrats are wasting precious time attempting to ram through an agenda that will bankrupt the economy, benefit the wealthy, and build the Washington bureaucracy.”