So these two sides are off by about 5.5 trillion

A disagreement between the Biden Administration and the non-partisan non-profit Committee for a Responsible Federal Budget on how much the reconciliation bill will cost.

So the outward cost of the reconciliation package is generally thought of to be 3.5 trillion in new spending. Democrats claim to have a basic roadmap of sorts to pay for it, but have not provided the least bit of details (other than the ever-popular rhetorical tax the rich and corporations mantra). This approach has never been successful and spending packages less than ten percent of this Build Back Better plan have failed to be covered by any increase in taxes on the rich. Reality is that you could increase the revenue from payroll taxes by 10% (across the board) and double the amount of money raised by corporations for the next decade and you still would likely fall short of what is needed to pay for the plan. Yet, they demand (laughably) that the true cost will be zero. 

Meanwhile the Committee for Responsible Federal Budget has gone through the bill and believes the true cost to be upwards of 5.5 trillion over the next decade and that approximately 5 trillion of that would lead to a permanent cost of 500 billion per year forever. 

Given our current non-defense discretionary spending budget is approximately 900 billion per year, that would equate to a permanent increase of approximately 56% to our spending budget. Can anyone imagine just taking your household spending costs and multiplying them by 1.56 and then pretending that finding the means to pay for that is not a big deal? Basically that is what the Biden Administration and Democrats are doing here. 

They believe that we will need to borrow at least a trillion and that no less than three trillion will be added to the national debt just within the first ten years. They do not see any of this cost actually expiring (sunsetting) after the ten years is up, so the deficits and debt would conceivably continue to climb.

For those of you who are wondering; the CRFB includes Bill Clinton's former chief of staff and former Director of the office of Management and Budget (Leon Panetta), a former Republican Governor (Mitch Daniels), Barack Obama's Co-Chair of the National Commission on Fiscal Responsibility (Erskine Bowles), a former member of Democratic congressional leadership (Vic Fazio), an author from the Brookings institute who has been featured in WaPo (Maya MacGuineas), and Tim Penny (an Independent politician from Minnesota) to name a few. This is truly a non-partisan group of people from a variety of backgrounds and political affiliation. There is no reason for them to be providing any red meat for Biden critics. 

This is an honest assessment. This honest assessment is about 5.5 trillion off from the rhetoric coming from the President and his minions in Congress. I leave it up to you individually to see whom you believe it telling the truth.