HomeBusinessA Jerry-Rigged Budget ‘Framework’ - WSJ

A Jerry-Rigged Budget ‘Framework’ – WSJ

Nothing like an artificial political deadline to concentrate the warring liberal minds. Before departing Thursday for next week’s climate gabfest, President Biden declared he has sealed an agreement with Democrats in Congress on a “framework” for a spending bill that he declares will make a “fundamental change in America.”

He’s right about that last bit, but the blueprint the White House released is more frame than work. The jerry-rigged plan is an enormous expansion of government with quarter-baked entitlement programs that will retard work and $1.85 trillion in tax increases that will distort and limit investment. The $1.75 trillion cost that Democrats have assigned their bill is an illusion. They use phony accounting to finance a few years of new spending with 10 years of tax increases.


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