Assessment: The bill written in the Senate is a lie. The CBO exposed that lie, and when it comes to deficit spending, it’s [adding] $3 trillion to the deficit …
The chances the Senate will pass Biden’s signature piece of legislation — his “Build Back Better” bill — are now close to zero. Senate Majority Leader Chuck Schumer (D-N.Y.) has “punted” the bill into March of next year, all but assuring its demise.
As NBC News commented after speaking with “four sources familiar with planning by … Schumer’s office,” “simple math” precludes the bill from reaching Biden’s desk.
When the righteous are in authority, the people rejoice;
But when a wicked man rules, the people groan. Proverbs 29:2
It’s all Senator Joe Manchin’s (D-W.V.) fault: Talks between him and Biden were going “very poorly,” so poorly in fact that they “have broken down” over the size, scope, and cost of the monstrosity. Part of the problem is that sections of the bill haven’t even been written yet in hopes that Manchin and the White House could come to some sort of compromise, allowing him to vote for it.
At the moment, however, Manchin remains firm: It’s too costly and will further increase inflation, which is now the No. 1 concern of voters. The death knell was rung by the non-partisan Congressional Budget Office (CBO), which reported on Friday that the BBB would increase the national debt by more than $3 trillion over the next 10 years, putting the lie to the claim by Biden that his plan would be “totally paid for” by generating additional taxes on the wealthy and the tax-avoiders. CBO didn’t buy it, and after its analysis reported the discrepancy.
Senator Lindsey Graham (R-S.C.) said last rites at Fox News:
Read More @ New American HERE