The CBO reported the true cost of the Biden spending plan and the Democrats went berserk. Nancy Pelosi ranted that the estimates are “false.” How dare CBO tell the truth! What CBO did not do was examine the longer term ramifications of BBB. We have.
Our analysis finds that BBB would set Federal spending on a path that would reach 50% of GDP in 30 years and the debt would rise from 100% of GDP today to 300% by 2049.
But don’t worry: it’s all paid for.