As Democrats seek to downplay the impact of legislation that will likely end up adding as much as $5-6 trillion in new spending, they have resorted to a new rhetorical tactic: claiming the Biden agenda will cost nothing at all. President Biden and Speaker Pelosi each said over the past week that Democrats’ agenda will “cost zero dollars.” Press Secretary Jen Psaki even doubled down on the claim afterwards. But while the idea that the reconciliation bill will have no cost is transparently false, Democrats’ underlying argument is untrue as well.
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