Democrats Spending Plan Far Surpasses the $3.5 Trillion We Already Know About

From the Wall Street Journal editorial board: Democrats have provided few details of what they plan to include in Sen. Bernie Sanders’s $3.5 trillion budget proposal, and now we know why. The real cost is $5 trillion or more, according to an independent analysis by the Committee for a Responsible Federal Budget, which keeps an eye on fiscal matters. The budget-resolution fact sheet Democrats circulated last week includes only a bare-bones description of the bill’s major programs for tax credits, new entitlements, healthcare, climate and housing. Some categories include this revealing caveat: “The duration of each program’s enactment will be determined based on scoring and Committee input.” That’s Washington-speak for admitting the budget will be built on phony assumptions and gimmicks. Democrats know their proposed tax hikes and dubious “pay-fors” won’t come close to fully funding “every major program that President Biden has asked us for”—as Senate Majority Leader Chuck Schumer claimed (WSJ). 

Democrats are trying to get this passed before Republicans can read the whole thing, and the GOP is resisting (Washington Times).