With the $1.2 trillion infrastructure bill having been signed, President Biden and most Democrats are now trying to pass another spending bill that would make that pale in comparison. What about inflation? Some ratings agencies are saying that wouldn’t be a problem:
— Reuters (@Reuters) November 17, 2021
Naturally the Biden White House is getting some mileage out of the story:
Other Democrats are sharing the story as well:
HEY EVERYONE CHECK THIS OUT THE PEOPLE WHO ANALYZE THIS KIND OF THING SAY OUR BILL IS NOT INFLATIONARY (sorry to yell) https://t.co/XOu2Ewk96C
— Brian Schatz (@brianschatz) November 17, 2021
Moody’s Analytics is among the agencies cited in the Reuters story.
However, the Biden administration and other Democrats won’t retweet this reminder from @ComfortablySmug:
— Comfortably Smug (@ComfortablySmug) November 17, 2021
In other words, take these ratings with a grain of salt.
What could possibly go wrong?
That is the tip of the iceberg. And it is a big freaking iceberg.
— Shane (@TorchBama) November 17, 2021
Additionally, it doesn’t look like the CBO agrees with this administration’s claim that the trillions in additional spending they want would cost “zero.”