(RepublicanInformer.com)- On Wednesday, Congressional Democrats gave up trying to hold a vote of the monstrous Build Back Better bill in the Senate this year. And while the decision was met with outrage among their far-Left base and in the news media, one person who is probably celebrating the news (along with all the other sane people) is Tesla CEO Elon Musk.
Musk has been very vocal about his opposition to Biden’s ridiculous Build Back Better bill. Last week, Musk urged the Senate not to pass the bill during the Wall Street Journal’s CEO Council Summit.
A couple of days later, Musk tweeted a report from the University of Pennsylvania’s Wharton School which explained that the national debt would increase by more than 24 percent if the welfare provisions in the bill were made permanent. The Wharton Budget Model estimated the bill’s actual cost at $4.6 trillion if the welfare programs don’t expire.
Musk called out the “accounting trickery” Congress used in the bill, arguing that these gimmicks are being kept from the public. Musk said the $1.75 trillion price tag is based on the assumption that the welfare programs would expire. Quoting economist Milton Friedman, Musk added, “Nothing is more permanent than a ‘temporary’ government program.”
If those welfare programs were enacted, they would never go away. But Congress put expiration dates on them for no other reason than to claim that the Build Back Better bill is “paid for.”
Last week, the CBO scored the Build Back Better bill again, only this time with the welfare programs not expiring. When the “accounting trickery” is removed, the CBO found that the bill would increase the deficit by a staggering $3 trillion over ten years.
This is in line with what was found by the Committee for a Responsible Federal Budget. Reviewing the Build Back Better bill they projected the bill would actually cost $4.8 trillion over ten years if the welfare provisions are made permanent, and would add about $2.8 trillion to the deficit.
There’s a reason this bill stalled.
It is simply unsustainable.
But the Democrats giving up on Build Back Better doesn’t mean they’re giving up trying to completely destroy the country. Instead, they’re turning their focus on federalizing US elections.