The press would have you believe that the objections of Sen. Joe Manchin, D-W.V., have scuttled any attempt by the Biden administration and Democrats to pass a big-government agenda. But a recent report from the Congressional Budget Office (CBO) proves the false nature of that media narrative.
The report, compiled at the request of several Senate Republicans, illustrates the effects of a permanent extension of the increase in Obamacare subsidies Democrats enacted in last year’s “Covid relief” spending blowout. If made permanent — as Democrats have wanted to do practically since the moment these “temporary” subsidies passed — this additional welfare spending would undermine private health care coverage, while worsening inflation and increasing the deficit by $248 billion over its first 10 years.
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