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Economy

LIBERAL MATH: Biden Admin Says $3.5T Package ‘Costs $0’ BUT Will Be Paid For by the ‘Very Wealthy’

posted by Hannity Staff - 10.18.21

The White House confused millions of followers on social media Sunday when the administration declared Joe Biden’s massive $3.5 trillion spending spree will “cost $0” but be “paid” for by corporations and the “very wealthy.”

“The cost of the Build Back Better Agenda is $0. The President’s plan won’t add to our national deficit and no one making under $400,000 per year will see their taxes go up a single penny. It’s fully paid for by ensuring big corporations and the very wealthy pay their fair share,” posted the White House’s official Twitter account.

“The plans are fully paid for by raising taxes on corporations and the high income individuals. So, yes, we can afford them,” added White House Chief of Staff Ronald Klain.

 

White House Press Secretary Jen Psaki made similar comments earlier this month.

“Let’s not dumb this down for the American public… This is not going to cost the American public a dollar!” said Psaki.

“Does the plan cost nothing or is the plan free?” pressed one reporter.

“The plan costs nothing for American people who make less than $400,000,” claimed Psaki.

“Do you guys acknowledge the broader truth that it does cost somebody?? Right? The cost of the investments the president wants to make, they’re not simply a free lunch, right? Whether they’re going to cost people who smoke cigarettes, or businesspeople, or companies, or rich people… The cost of what the President wants to do falls on somebody, right?” asked one reporter.

“There’s a clear difference between what we’re talking about as it relates to taxpayer funds, or funding that would lead to our debt? Right?” deflected the Press Secretary.

BERNIE’S BUDGET: Sanders Says $3.5 Trillion Needed to Help ‘Workers, Elderly, Children, Sick, and Poor’

posted by Hannity Staff - 8.09.21

Senator Bernie Sanders pushed his $3.5 trillion budget on social media Monday morning; saying the massive spending package is needed to help “working class, elderly, children, sick, and poor” Americans.

“The $3.5 trillion Budget Resolution that I am introducing today will allow the Senate to move forward on a reconciliation bill that will be the most consequential piece of legislation for working people, the elderly, the children, the sick and the poor since FDR and the New Deal,” posted the self-described Democratic Socialist.

 

“For too long, Congress has ignored the needs of the working class, the elderly, the children, the sick and the poor. Now is the time for bold action. Now is the time to restore faith in ordinary Americans that their government can work for them, and not the top 1%,” he added.

“At a time of massive income and wealth inequality, we will end the days of billionaires and large, profitable corporations not paying a nickel in federal income taxes. Yes. We will finally ask the very wealthy and largest corporations to pay their fair share of taxes,” concluded the Senator.

BIDEN: Massive $3.5T Spending Package Will ‘Save the Planet’ and ‘Reduce Inflation’

posted by Hannity Staff - 9.15.21

President Biden pushed his massive $3.5 trillion spending package this week as the proposal stalls in Congress, claiming the bill will “save the planet” and “reduce inflation.”

“Create industries of the future, to win the future, to save the planet. We can do this. This is the United States of America… Never have we failed to meet an objective we set. What’s happening now, is that we’ve set a goal. The goal is achievable,” said Biden.

“I promise you it’s going to create great economic growth, reduce inflation, and put people in a place where people will never have to worry about what we’re worrying about right now,” he added.

 

President Biden’s approval rating dropped to new lows this week over a series of self-inflicted crises impacting the country, including the southern border, Afghanistan, inflation, slow job growth, and his handling of the pandemic.

President Biden’s approval rating dropped to 43 percent amid the fallout of the chaotic U.S. withdrawal from Afghanistan, according to an NPR/PBS NewsHour/Marist poll released Thursday,” writes NPR.

The new statistic is a six point decrease from a poll conducted in August.

“Thirty-six percent of independents approve of the job Biden is doing, compared to 55 percent who disapprove. Meanwhile, 85 percent of Democrats approve of Biden’s job handling, compared to 13 percent who disapprove,” adds the outlet.

Watch the President’s comments above.

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