The Congressional Budget Office, the non-partisan fiscal watchdog of the US Congress, has warned that the ineptly named “Build Back Better”, the $1.75 trillion Communist spending bill, which is the favorite draft legislation of Democrat President Joe “Empty Shelves” Biden, is going to worsen the federal deficit by a mind-blowing $367 billion.

That is, of course, against the backdrop of all empty promises, or, rather, outright lies by Sleepy Joe and his Marxist-Communist stooges that “Build Back Better” won’t add anything to the deficit and won’t cost anything to the vast majority of Americans, only to the richest ones.

Lies, lies, and more lies.

The warning from the CBO came on Thursday – and, yet, on Friday, the Democratic Party members in the House of Representatives still went ahead and big fat did it anyway: they voted in to make “Build Back Better” into a law, and send it to the US Senate.

Under the present circumstances, since the Democrats can easily pass the horrendous Commie bill in the Senate if they muster all of their 50 Senators plus the tie-breaking vote of veep Kamala Harris – that’s all that is needed under the budget reconciliation procedure, a simple majority – the only hope of Americans not to be straddled with gigantic new amounts of debt to be squandered on pork barrel spending is the position of West Virginia Sen. Joe Manchin, who already managed to cut the bill’s price tag in half.

The Dems’ wishful thinking of raising huge money through the IRS

“Build Back Better” provides for spending endless billions of dollars on Communist social programs such as childcare subsidies, universal preschool, and climate change.

And that costs $1.75 trillion – wow!

According to the CBO, the bill would add $367 billion to the budget deficit in the next 10 years.

The estimate of the CBO contradicts the claims of the Biden administration that its plan to pour additional $80 billion into the IRS would make the government additional $480 billion, and therefore there will be no addition to the deficit from “Build Back Better”.

Reacting to the CBO analysis, Treasury Secretary Janet Yellen issued a statement saying that cracking down on tax evaders would generate $400 billion, and that Build Back Better “is fully paid for”, and would even reduce America’s debt because it would raise over $2 trillion thanks to reforms that will get the wealthiest and large corporations “to pay their fair share”.

$4.9 trillion, actually

If all this sounds like fiscal science fiction to you, you are not the only one.

According to a report from the Committee for Responsible Federal Budget, the real cost of Build Back Better could be $4.9 trillion because of numerous “arbitrary sunsets and expirations”.

Some of those are extending the Child Tax Credit and of the expansion of the Earned Income Tax Credit of the American Rescue Plan, the COVID-19 relief package adopted in February on Biden’s insistence.

Or an extension of universal subsidies for pre-K and child care.

Or making the expansions of the Affordable Care Act through 2025.

Or delaying until 2026 the requirement for businesses to amortize research and experimentation costs.

According to the report, the extension of those expiring parts of “Build Back Better” would come at a cost of over $2.5 trillion, which would bring the total price tag of permanent extension connected with the bill to more than $4.9 trillion.

It would be great if Sleepy Joe Biden and the Democratic Party do at least believe themselves.

Because few others do now, and even fewer will.