Democrats Are Denying Basic Economics

If you spend money on something, you may obtain something in return-but you lose the ability to use those resources on something else.

To a question about the tax impact of the $3.5 trillion spending plan now working its way through Congress by declaring that "There are somewho argue that in the past companies have passed on these costs to consumerswe feel that that's unfair and absurd and the American people would not stand for that."

Just last week, Biden himself tweeted that the $3.5 trillion spending bill would not actually cost $3.5 trillion.

Biden's remarks came after a week in which congressional Democrats had run into something of an impasse over their spending plans.

The size of the spending package became a point of contention with moderates, who worried, understandably, that $3.5 trillion was a lot of money-probably too.

Some backers of the spending bill, like Sen. Bernie Sanders have continued to insist.

Even in the unlikely event that such a plan turns out to be truly fully paid for, it would still spend $3.5 trillion.

https://reason.com/2021/09/29/democrats-are-denying-basic-economics/