This week, President Joe Biden made the incredible statement — sycophantically repeated by the press — that his $3.5 trillion budget bill, which includes major spending initiatives on everything from climate change to Medicare, would be “free.” Biden tweeted, “My Build Back Better Agenda costs zero dollars. Instead of wasting money on tax breaks, loopholes, and tax evasion for big corporations and the wealthy, we can make a once-in-a-generation investment in working America.”
This asinine notion immediately rocketed around the political sphere. White House press secretary Jen Psaki explained, “The reconciliation package will cost zero dollars.” Rep. Pramila Jayapal, D-Wash., said, “This is a zero-dollar bill because it’s all going to be paid for with taxes on the wealthiest corporations and the wealthiest individuals, which makes it more popular than it even was before.” Members of the media began repeating the line ad nauseum. The reason was obvious: Democrats are trying to cudgel Republicans into acquiescing.