The Corner

We Have No Reason to Believe Biden’s Framework

President Joe Biden delivers remarks on the economy and the Labor Department’s September jobs report at the White House in Washington, D.C., October 8, 2021. (Evelyn Hockstein/Reuters)

The White House today announced a framework for its “Build Back Better” plan. We have no reason to believe much of it is true.

Initially, progressives wanted $6 trillion. Biden said he wanted $3.5 trillion. Today’s framework is for $1.75 trillion — maybe. (There’s another $100 billion in immigration-related spending that isn’t included in that total.) The framework also has $1.995 trillion in offsets. That means, according to the framework, this plan would reduce the national debt by $245 billion over the next ten years.

Biden has promised the bill would be fully paid for (erroneously equating that with the bill being

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