• Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
Wednesday, August 27, 2025
Illinois Review
  • Login
  • Register
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
No Result
View All Result
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
No Result
View All Result
Illinois Review
No Result
View All Result
Home Illinois News

Parker: Build Back Better — Wasting Trillions

Illinois Review by Illinois Review
December 3, 2021
in Illinois News
Reading Time: 2 mins read
A A
0
26
SHARES
432
VIEWS
Share on FacebookShare on Twitter

Money1

You might also like

Chicago Mayor Claims ‘Affordable Housing’ is the Key to Reducing Crime in Awkward MSNBC Interview

Pritzker Threatens Backers of National Guard in Chicago During Press Conference: ‘We’re Taking Names’

Sources: GOP Mega-Donor Dick Uihlein Sitting Out Illinois Governor Primary

By Star Parker –

As Democrats regroup to try to pass their $2 trillion Build Back Better Act, pressure grows for shining the light of fiscal responsibility on all this.

Given President Joe Biden’s crashing approval ratings, there is some hint that the American people smell a rat.

One sign of the smell of that rat is the alarming escalation of the rate of inflation to where it hasn’t been in over 30 years.

Let’s start with the announcement from the Treasury Department a week ago that the revenue measures built in to finance the $2 trillion in spending will not only not add to the nation’s existing fiscal deficit but will reduce it.

The headline from the Treasury department reads “Preliminary Estimates Show Build Back Better Legislation Will Reduce Deficits.” The document shows an estimate of $2.151 trillion in revenue raising measures against $2 trillion in spending.

However, the University of Pennsylvania Wharton School of Business has its own model, overseen by a professor with extensive experience in the Congressional Budget Office and the Treasury Department. According to the Wharton model, Build Back Better will add $500 billion to the federal deficit.

Treasury says the Build Back Better cuts the deficit by $151 billion. Wharton says it increases it by $500 billion. Not exactly a trivial difference.

Who do we believe?

More HERE

Related

Share10Tweet7
Previous Post

These 10 Defensive Gun Uses Undercut NY’s Logic on Restrictive Firearms Laws

Next Post

Could hyperinflation become the new normal?

Illinois Review

Illinois Review

Recommended For You

Chicago Mayor Claims ‘Affordable Housing’ is the Key to Reducing Crime in Awkward MSNBC Interview

by Illinois Review
August 26, 2025
0
Chicago Mayor Claims ‘Affordable Housing’ is the Key to Reducing Crime in Awkward MSNBC Interview

By Illinois ReviewDuring a Tuesday appearance on MSNBC’s Morning Joe, Chicago Mayor Brandon Johnson sidestepped questions about the city’s police shortage, instead insisting that “affordable housing” is the...

Read moreDetails

Pritzker Threatens Backers of National Guard in Chicago During Press Conference: ‘We’re Taking Names’

by Illinois Review
August 25, 2025
0
Pritzker Threatens Backers of National Guard in Chicago During Press Conference: ‘We’re Taking Names’

By Illinois ReviewAt a dramatic Monday afternoon press conference in downtown Chicago – flanked by nearly every major Democrat in the region – Illinois Gov. J.B. Pritzker delivered...

Read moreDetails

Sources: GOP Mega-Donor Dick Uihlein Sitting Out Illinois Governor Primary

by Illinois Review
August 25, 2025
0
Sources: GOP Mega-Donor Dick Uihlein Sitting Out Illinois Governor Primary

By Illinois ReviewAs the Republican primary for Illinois governor takes shape, billionaire mega-donor Richard Uihlein’s name is once again circulating in political circles.In recent weeks, advisers connected to...

Read moreDetails

From Murder Capital to Migrant Crisis: Why Trump Must Deploy the National Guard to Chicago

by Mark Vargas
August 24, 2025
0
From Murder Capital to Migrant Crisis: Why Trump Must Deploy the National Guard to Chicago

By Rod Blagojevich and Mark Vargas OpinionWhile Illinois Gov. J.B. Pritzker and Chicago Mayor Brandon Johnson tout drops in homicides, robberies and shootings, the fact is Chicago remains...

Read moreDetails

Wirepoints Faces 74% Revenue Drop Since 2020 as Spending Spikes 57% as Leader Eyes Governor Run on Fiscal Issues

by Illinois Review
August 22, 2025
0
Wirepoints Faces 74% Revenue Drop Since 2020 as Spending Spikes 57% as Leader Eyes Governor Run on Fiscal Issues

By Illinois ReviewAn Illinois-based nonprofit that provides original research and commentary on the state’s economy and government finances is facing a financial crisis of its own as its...

Read moreDetails
Next Post

Could hyperinflation become the new normal?

Please login to join discussion

Best Dental Group

Related News

IL Freedom Caucus calls on Lurie Children’s Hospital to cease gender services for kids

October 27, 2022

Beckman: Is the Brigham Young University racial slur controversy another hoax?

October 27, 2022

Salvi polling shows closer race

October 27, 2022

Browse by Category

  • America First
  • Education
  • Faith & Family
  • Foreign Policy
  • Health Care
  • Illinois News
  • Illinois Politics
  • Opinion
  • Science
  • Second Amendment
  • TRENDING
  • US NEWS
  • US Politics
  • World News
Illinois Review

llinois Review LLC Editor-in-Chief Mark Vargas General Counsel Scott Kaspar Copyright © 2025 IR Media Corp., all rights reserved.

Navigate Site

  • Checkout
  • Home
  • Home – mobile
  • Login/Register
  • Login/Register
  • My account
  • My Account-
  • My Account- – mobile

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • Health Care
  • US NEWS
  • America First
  • Opinion
  • TRENDING
  • Education
  • Foreign Policy
  • Second Amendment
  • Faith & Family
  • Science
  • World News

llinois Review LLC Editor-in-Chief Mark Vargas General Counsel Scott Kaspar Copyright © 2025 IR Media Corp., all rights reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?