Joe Biden: $6 Trillion Man

uTN Social - Free Speech Social Media
President Joe Biden delivers remarks at the White House, Washington, D.C., April 14, 2021. (Andrew Harnik/Reuters)

President Biden has unveiled another $1.8 trillion government-spending package ahead of tonight’s joint session speech to Congress, bringing the total spending signed or proposed in his first 100 days to about $6 trillion.

Let’s see how we got here.

When Biden took office, he pushed a massive spending package as “COVID relief” even though only about 5 percent of the spending was directly related to fighting the pandemic. That cost $1.9 trillion.

Once that passed, he proposed another bill, pitched as infrastructure legislation, which was mostly made up of provisions that have nothing to do with infrastructure. The proposed price tag is $2.25 trillion.

Today, he has unveiled another grab bag of spending on other liberal priorities. Those include subsidized childcare, an Obamacare expansion, universal pre-K, and two years of free community college. The price tag for this one is pegged at $1.8 trillion.

NR Daily is delivered right to you every afternoon. No charge.

Get Jim Geraghty’s tour of the political news of the day.

Get Kevin D. Williamson’s newsletter delivered to your inbox each Tuesday.

A weekly digest on business and economics from an NR sensibility.

We’ll deliver The Capital Note to your inbox each weekday. No charge.

Taken together, that would add up to $5.95 trillion, not including the interest payments on the national debt.

There will be plenty of time in the months ahead to debate the substance of the proposals. However, it’s worth keeping in mind how extraordinary this spending is.

It is not coming at a time of huge surpluses, but at a time when debt exceeds the annual gross domestic product for the only time in the nation’s history other than World War II. It’s coming as a flood of Baby Boomers are retiring and as health-care costs rise.

This is not a moderate agenda by Biden. It is a radical and reckless agenda.


The Latest

Read More Feedzy

The Foxhole App - Trusted News Podcasts

Leave a Reply

Your email address will not be published. Required fields are marked *