President Biden will publish his massive $6 trillion budget today just in time for the long Memorial Day weekend. The bill, which is the largest spending spree since WW2, will demand more taxes be forced upon all Americans.
“The plan shows that Biden does not care about getting the deficit under control, which would remain over $1 trillion through the next ten years despite a possible economic recovery. The deficit only went past that number after the Great Recession and after the pandemic hit the economy,” The Hill reports.
“Instead of finding a way toward sustainable debt, the program would increase America’s debt burden to 117 percent of GDP by the end of the decade, exceeding its WW2 record in 2024. The budget, which the Biden Adminstration is expected to lay out today, is a call for a bigger government role in the economy, bringing spending to a quarter of the country’s yearly output, greater than any time before the pandemic.”
This shocking price is not going over well.
Joe Biden is spending money like this is "Brewster's Millions," proposing exorbitant taxes and regulations, and blowing out the debt, and yet his budget proposal suggests consistent 2% economic growth and 2% inflation. Sounds reasonable.
— Ben Shapiro (@benshapiro) May 27, 2021
The question is: Why? GDP soaring. Unemployment in, say Ohio, back to pre-pandemic levels and falling. Inflation already loose in land. This President @JoeBiden budget is nuts. #BidenInflation here to stay. (And no real growth in defense spending.) https://t.co/QqEefDow0G
— Hugh Hewitt (@hughhewitt) May 27, 2021
President Biden’s $6 trillion budget would raise taxes on hard working Americans and bring federal spending to levels not seen since World War II.
— Sen. Marsha Blackburn (@MarshaBlackburn) May 27, 2021
Biden’s plan to bankrupt America includes $6 trillion in spending & $3 trillion in tax hikes
A study from the Penn Wharton Budget Model found that Biden’s non-infrastructure proposal would shrink the economy, decrease private investment, & lower wages.https://t.co/9sZQeH57r7
— RNC Research (@RNCResearch) May 27, 2021