Economy

REPORT: Biden’s $1.75T Spending Plan Will Actually Cost $5T if Enacted

posted by Hannity Staff - 11.15.21

From Fox News:

President Biden has unveiled a framework for a modified social spending plan that imagines spending close to $1.75 trillion over the next decade, but budget experts say the true cost of the legislation would be closer to $5 trillion because of the way the programs are structured.

The newest “Build Back Better” proposal – pared down from the original $3.5 trillion request – would expand Medicaid, establish universal preschool, provide new funding for child care and offer green energy tax credits, though it notably omits progressive priorities like free community college and Medicare coverage of dental and vision. It relies on $1.95 trillion in new taxes, including a 15% corporate minimum and a surcharge aimed at ultra-millionaires.

But findings from the Committee for a Responsible Federal Budget, a nonpartisan group, released on Monday suggest Biden’s plan could actually cost more than $4.9 trillion in a scenario where the spending and revenue provisions are made permanent, nearly doubling the size of the legislation.

The bulk of the programs and spending initiatives in the bill are poised to sunset in just a few years. But lawmakers often pass multiyear extensions down the road, even though the Congressional Budget Office assumes those measures will expire when it scores the legislation – a tactic that critics deride as “budget gimmicks.”

“To be sure, lawmakers may choose not to extend some or all of these provisions. However, if they do, they would need to more than double current offsets in order for the bill and the extensions to be paid for,” the group said. “The alternative would be a substantial increase in the debt.”

Read the full report at Fox News.

CAN’T MAKE THIS UP: Biden Plays ‘Despacito’ on His Phone at Hispanic Rally, Means ‘Slowly’ in Spanish

posted by Hannity Staff - 9.16.20

Joe Biden continued his gaffe-filled and confusing campaign in Florida Tuesday; bizarrely using his cell phone to play the song ‘Despacito’ which ironically translates to “Slowly” in Spanish.

 

“I just have one thing to say… hang on here,” said Biden. “Alright!”

“I’ll tell you what, if I had the talent of anyone of these people I’d be elected President by acclamation,” he added.

Watch the cringe-worthy moment above.

BIZARRE VIDEO: Joe Biden Wears Face Mask at Home Alone, Struggles to Remove Before Speaking

posted by Hannity Staff - 5.11.20

Former Vice President Joe Biden continued his gaffe-filled campaign this week; bizarrely wearing a face mask while quarantined at home and struggling to remove the covering before speaking to the camera.

“Good afternoon,” said Biden after seconds of deafening silence.

 

Joe Biden’s “Virtual Town Hall Event” turned into a technological nightmare Thursday; featuring the former Vice President overshadowed by bird noises, sound glitches, speech delays, and other embarrassing problems.

“They introduce me? Am I on?” asked the Democratic frontrunner.

“Our lending system… You know… we should be designing our economic response to avoid these desperate outcomes… And they’re not only desperate… The funds can actually reach people in small businesses… We should be reversing half,” said Biden.

Watch the brutal video above.

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