By Charles C. W. Cooke
Tuesday, September 28, 2021
In the beginning, President Biden created a $3.5
trillion spending bill. And the bill was without form, and void; and debt was
upon the face of the deep. And the spirit of common sense moved upon the face
of the country. And so Biden said, let there be lies. And there were lies. And
Biden saw that the lies were good. And Biden called up down, and the left he
called right, and the trillions he called zero. And Biden made the beasts of
the press repeat his lies, made every thing that creepeth upon the Sunday shows
follow his lies; and Biden saw that it was good.
Everyone else was just baffled.
From the moment the Democrats’ plan was conceived, the
party has lied about it with abandon. Telegraphing the approach to come,
Senator Kirsten Gillibrand contended back in April that the glint in Bernie
Sanders’s eye did not represent dramatic or transformational change, but mere
“infrastructure.” Trying desperately to counter rumors that Sanders was working on a $6 trillion sequel to the New Deal,
Gillibrand maintained that whatever the package ended up containing should be
regarded in the same way as, say, a new bridge. “Paid leave is infrastructure,”
Gillibrand proposed. “Child care is infrastructure. Caregiving is
infrastructure.” Presumably, mendacity is, too.
Over time, Gillibrand’s Dadaist argument collapsed under
its own weight. But her desire to deceive the public is still going strong. We
are now six months into this ruse, and, far from coming clean about their
proposal, the Democrats have descended fully into Wonderland.
Some of the lies on offer beggar belief. Having been told
that $3.5 trillion is an extraordinary amount of money to spend —
especially in our present circumstances — the Democrats switched
this week to the bewildered insistence that, actually, the bill is “free.”
“This package — the reconciliation package,” White House press secretary Jen
Psaki said yesterday with a straight face, “would cost zero
dollars.” Psaki’s preposterous asseveration echoed President Biden, who had contended the day
before that the cost was “going to be zero,” and progressive darling Pramila
Jayapal, who said last Friday, “I just believe that this is going to be a
zero-dollar bill.”
It’s not. A spending bill that costs $3.5 trillion costs
$3.5 trillion irrespective of how you pay for it. Unless the government elects
to cut precisely the same amount of spending as the bill adds, there is no such
thing as a “free” or “zero-dollar” outlay. One can pay for a $3.5 trillion bill
with $3.5 trillion in tax increases, or by borrowing $3.5 trillion, or through
a mixture of the two, but, whatever one chooses to do, the cost remains
precisely the same: $3.5 trillion. If, as seems to be the case, the Democrats
do not want to be seen spending $3.5 trillion, then they have just one option:
to decline to spend $3.5 trillion. They cannot get around this with word games.
But boy are they going to try. Asked in July whether
spending $3.5 trillion might perhaps make inflation worse, Joe Biden submitted
that, actually, it would somehow make inflation better. “That won’t increase
inflation,” Biden said. “That will take the pressure off of inflation. If your
primary concern right now is inflation, you should be even more enthusiastic
about this plan.” This idea is evidently popular in the Biden White House,
which seems to assume that government policy could not possibly have an ill
effect on consumer prices. “There are some who argue that, in the past,
companies have passed on these costs to consumers,” Psaki explained yesterday
during a meditation upon the prospect of tax increases. But “we feel that
that’s unfair and absurd, and the American people would not stand for that.”
Got it? Sending people who don’t pay taxes refunds is
“infrastructure.” Out-of-control spending reduces the risk of inflation.
Companies subject to tax increases do not pass the costs on to consumers. And
outlays are “cost-free,” providing that the government takes the money by force
instead of borrowing it. Curiouser and curiouser, Alice.
And in service of what, exactly, has this whirlwind of
dishonesty been sown? It would take a literary critic to tell. Joe
Biden’s Twitter feed tells us that the president stands for “building back” one
of those spiffing non–“trickle down” economies that works best for the “folks.”
This, as far as I can ascertain, involves taking lots of money from the “ultra
wealthy and corporations” in order to pay for the cost of — well, not the cost,
exactly, but the gross of — a massive-but not-that-large-really
bill that is actually “free”; giving lots of things to the “middle class” on
the grounds that — unlike the people who have been enjoying the “free ride”
that comes with paying all the taxes — it has done all the American building of
late; and making sure that nobody who earns under $400,000 a year — well,
nobody whose family earns under $400,000 a year, or, at least,
nobody who belongs to a non-smoking family that earns under
$400,000 a year — will pay a single cent more, period, bingo, you dog-faced pony soldier.
What this all means in practice is largely in the eye of
the beholder. For Bernie Sanders, it means spending three, four, five, or six
trillion dollars, right now, on anything, everything, and beyond. For Joe
Manchin, it means spending one trillion — or maybe one-and-a-half trillion,
maybe more, maybe less — at some point this year or next, on “help [for] those
who need it the most” without ignoring the “present economic reality.” And, for
everyone else involved, it means trying desperately to keep up with the chimera
— and, if necessary, telling brazen, gelastic, dishonorable lies in order to do
so.
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