Don't be fooled — Dems' $3.5T bill would still kill the economy

New York Post

07-17-2021

Senate Democrats announced Tuesday they’d reached an agreement on a massive budget bill worth $3.5 trillion over the next decade — though they haven’t actually decided exactly how they’ll spend it. Is this to be another case of, as Speaker Nancy Pelosi infamously said of ObamaCare, “We have to pass the bill so that you can find out what is in it”? The plan represents some slight progress: It doesn’t come close to Sen. Bernie Sanders’ desire for $6 trillion or even President Joe Biden’s proposal of just under $5 trillion. And it would make permanent the tax-credit expansions in the “COVID relief” bill, which Dems claimed would be temporary. Senate Dems claim the plan — again, which they haven’t actually finished, beyond the headline number — will be fully paid for, through higher taxes and economic growth.

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52.39% positive

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Playbook: Dems are experiencing a high after unveiling their $3.5 trillion budget plan. Yet the budget outline still has to make it through the full Senate and through the House before anything happens. Sen. John Tester says he will vote to proceed to $3.5 trillion budget deal: "I'm going to vote to proceed to the $3.5 [trillion] then we got to get more meat on the bones on how it's being spent," he said. — Alex Bolton (@alexanderbolton) July 14, 2021For now, the $3.5 trillion is just a price tag attached to a spending framework. But this is interesting: Twice as many Democrats trust public schools as do Republicans, 43% to 20%.