Fact-Checkers Replaced By Unicorns After Biden Tweets “My Build Back Better Agenda Costs Zero Dollars”

Fact-Checkers Replaced By Unicorns After Biden Tweets “My Build Back Better Agenda Costs Zero Dollars”

By Mike Shedlock

Biden’s $3.5 trillion Build Back Better plan actually costs nothing says Biden…

Charge of the Unicorns

The opening sentence of Biden’s Tweet, is of course idiotic.

For those who think it is a typo, and Biden meant something else, Biden made the same statement at a press conference last week.

Every time I hear this is going to cost A, B, C, or D—the truth is, based on the commitment that I made, it’s going to cost nothing,” said Biden.

Fact Checkers Missing in Action

Where are the Democratic fact checkers when you need them?

Even if you grant Biden allowances that he really meant “My package will be fully paid for by tax hikes,” it’s still a lie.

Pelosi Covers Up for Biden

Let’s not talk about numbers, let’s talk about values,” said Speaker Pelosi in the above clip.

Lies,  Gimmicks, and Phony Numbers

To make the package seemingly appear as if taxes will cover it Budget Tricks Disguise the True Cost of Biden’s Vast Entitlement Plans.

  1. Start with the child allowance, which is among the bill’s most expensive provisions. Extending the $3,000 to $3,600 per-child payments for a decade would cost roughly $1.1 trillion. That’s as much as all of the income tax increases on individuals passed by the House Ways and Means Committee. Democrats have hidden the real cost by extending the allowance only through 2025. Even if Republicans gain control of Congress and the White House in 2024, Democrats and their media allies will bludgeon them to extend the payments, which will cost another $110 billion each year. [For 5 years – Total $550 billion]
  2. Democrats are using a different time shift to disguise the cost of their Medicare expansion. New vision and hearing benefits would kick in over the next two years and cost about $20 billion a year. But Democrats are delaying the phase-in of the much more expensive dental benefit to 2028. This “saves” $420 billion over 10 years, but the costs explode after that. [Cost $420 Billion minimum in future years]
  3. Then there’s the new universal child-care entitlement, which gives $90 billion to the states—but only from 2022 to 2027. But what happens when the $90 billion runs out, which may occur before the 2027 expiration? The bill automatically appropriates “such sums as may be necessary for each of fiscal years 2025 through 2027.” [Cost $90 billion plus any shortfalls to 2027]
  4.  Democrats also charge states with standing up a universal pre-K entitlement, which would start next year and run through 2028. The House Education and Labor Committee bill doesn’t specify an appropriation, but President Biden’s budget projects this new entitlement would cost $33 billion a year when fully phased in. [This one kicks back to a state responsibility, but who really believes that? I don’t, so factor in another 33 billion for 4 years totaling $132 billion.]

10-Year Shifty Math

Biden uses an arbitrary stop date of 2025 on child allowances, a start date on dental of 2028, a stop date on child care of 2027, and a stop date of 2028 on “free” college.

In practice, once entitlements are granted, they are never taken away.

Total up the shortfalls over a 10 year period and Biden will need to come up with another $1.192 trillion in taxes on top of his proposed tax hikes.

Another problem in all of this is projected economic gains and tax revenues never meet promises. Never really means never.

For example, Biden estimates that expanding the IRS would bring in $463 billion, but the CBO projects $120 billion.

Oops, that another $343 billion shortfall.

Factor that in and you have a shortfall of $1.5 trillion or so on a $3.5 trillion deal, and that does not count the $1 trillion infrastructure deal.

Brain Trust With No Brain

For discussion of Biden’s IRS proposal, please see Biden Wants to Fix a $7 Trillion Tax Evasion Problem With a Brain Trust


(TLB) published this article By Mike Shedlock via MishTalk.com with our appreciation for this perspective.

Like these reports? If so, please Subscribe to MishTalk Email Alerts.

Header featured image (edited) credit: Unicorn/wonderopolis.org



Stay tuned to …


The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)


Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.


Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.


Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.

1 Comment on Fact-Checkers Replaced By Unicorns After Biden Tweets “My Build Back Better Agenda Costs Zero Dollars”

  1. I am not a business professional, but if I was a an executive in any corporation, I would pass any tax increase on my customers. I have met a few very rich people and I have met several people the dems describe as rich, whatever that means, those people were for the most part small business owners, I am sure they will do the same thing and pass the tax increase on to their customers, as I would do. So jayapal is again talking about something she knows absolutely nothing about or maybe she knows exactly what she is doing!

Leave a Reply

Your email address will not be published.