Apparently President Joe Biden missed economics 101 in school, because he does not understand how our economy and money works in the slightest.
On Saturday, Biden's Twitter account posted, "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. And it adds zero dollars to the national debt."
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.
And it adds zero dollars to the national debt.
— President Biden (@POTUS) September 26, 2021
Zero dollars?? Is he smoking CRACK COCAINE?? I know Hunter Biden has the hookup but c'mon man!
Biden himself tried to sell the “zero dollars” idea on Friday after delivering a speech on COVID-19 vaccines.
“It is zero price tag on the debt. We’re paying — we’re going to pay for everything we spend,” he said.
Biden argued his bill was actually a tax cut.
“Right now, if you take a look at the — the reconciliation piece, a trillion dollars of that is tax cuts, not raising anybody’s taxes; it’s tax cuts,” he said. “People are going to be paying less taxes.”
He admitted afterward that the only people paying less in taxes would be “working-class folks.”
Biden’s Build Back Better agenda would dramatically increase tax rates on businesses and people making over $400,000 a year so the government can fund subsidized child and elder care, universal pre-K, and two years of free college.
Nothing in life is free. One way or another, everything must be paid for.
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