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

New York Post


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.


60.40% objective
52.39% positive


THE BLAZE - Rep. Rob Wittman calls on Speaker Nancy Pelosi to cancel August recess
13.29% MORE objective
2.46% MORE positive

Rob Wittman (R-Va.) is calling upon House Speaker Nancy Pelosi (D-C.A.) to cancel the congressional chamber's upcoming August recess, arguing that lawmakers should not leave town before completing the American people's business. Wittman's new letter comes after he sent a similar letter to Pelosi last month. Our constituents expect us to stay and complete the work of the American people. The American people expect Congress to work diligently to pass critical national priorities and fund the government through regular order."

POLITICO - Strange but true: Bernie takes a 'very pragmatic' turn
-10.4% LESS objective
12.37% MORE positive

And I think that was the right vision,” Sanders added. This Congress, as the Senate Budget chair and a member of Schumer’s leadership team, the 79-year-old is one of the most powerful people in Democratic-controlled Washington. Tester, who quickly endorsed Sanders’ budget blueprint, despite reservations, observed that Sanders likely “had hesitation” in coming down by $2.5 trillion. “Bernie Sanders is like a human embodiment of shifting the Overton Window,” said Sen. Tim Kaine (D-Va.), who serves on the Budget Committee. From left, Sen. Bernie Sanders and Senate Majority Leader Chuck Schumer talk during a meeting with Senate Democrats on the Budget Committee, Wednesday, June 16, 2021, on Capitol Hill in Washington.

REASON - Democrats' $3.5 Trillion Fully-Paid-for Spending Plan Probably Won't Be Fully Paid for
-12.33% LESS objective
-0.4% LESS positive

Yesterday, Democrats on the Senate Budget Committee released the outline of a $3.5 trillion budget agreement. Consider what it means for something to be fully paid for. If I claimed that I had fully paid for my cocktail bar tab, for example, you would probably assume that I had forked over actual money equivalent to the entire tab. Speaking of forever, Senate Democrats are all proposing to expand Medicare, adding a suite of new coverage areas, such as dental and vision. The ever-so-slightly exasperated headline on the statement declared, "Fully Paid for Must Mean Fully Paid For."

REASON - Magical Thinking Abounds in New Budget Deal Discourse
-12.25% LESS objective
10.5% MORE positive

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%.