Joe Biden's $11 Trillion Plan to Bankrupt America!!!!!!!!
"John Kerry ran on [spending] $2 trillion [extra] over 10 years. Barack Obama ran on $1 trillion, Hillary on $2 trillion. Biden? $11 trillion," says Brian Riedl, a budget expert at the Manhattan Institute. Riedl notes that the president-elect also stumped for $3.6 trillion in new taxes over the coming decade, which would be the single-largest increase since World War II.
"This is the Bolsheviks vs. the Mensheviks," he continues. "The Mensheviks are the moderates, but we're all so far to the left right now. It used to be a trillion-dollar policy would shock people, and now a trillion-dollar policy gets laughed at for being insufficient."
Joe Biden's ambitious fiscal policy and his promises to beef up labor and environmental regulations are the reasons why The Washington Post called his platform "more liberal than that of every past Democratic nominee." Given that the former vice president and senator will almost certainly face a Republican Senate and inherit a weakened Democratic majority in the House of Representatives, it remains to be seen what sort fiscal policy he will try to enact, much less be able to pass. In fiscal 2020, the federal government spent $6.6 trillion and posted a $3.1 trillion deficit, potentially setting staggeringly high new baselines for both.
But even with a divided government hitting the "snooze bar" on Biden's most-ambitious programs, Riedl says, there will still be plenty of new spending over the next four years. "In the short term, you're going to get more pandemic aid, more recession aid," he predicts. "Not nearly the $3 trillion the Democrats want, but maybe another $1 trillion. There might be a bipartisan infrastructure deal at some point….The Overton window has shifted. Bernie Sanders ran on $97 trillion, Elizabeth Warren ran on $45 trillion. All of a sudden, Biden's a moderate."
✅CLICK HERE ►► DOG TRACKERS https://bit.ly/2VmAKed
►► DOG TRAINING https://bit.ly/3Cl2iky
►► FRUIT BASKETS AND FLOWERShttps://bit.ly/3fCLpZ7
-
20:26
Twins Pod
3 years agoJoe Biden's 'EPIC SPEECH' To America
38.4K527 -
2:03
Reuters
3 years agoSenate passes Biden's $1.9 trillion Covid relief plan
6.4K -
8:17
Colion Noir
13 hours agoResurfaced Video Of Kamala Harris Saying We're Going To Walk Into Your Home & Check Your Guns
11.2K30 -
19:41
Cody and Kellie
1 day ago48 Hours in Little Rock Arkansas (Why Would Anyone Want to Live Here)
13.4K17 -
55:51
Science & Futurism with Isaac Arthur
1 day ago $0.03 earnedTranscendence
30.5K6 -
16:02
IsaacButterfield
1 day ago $0.06 earnedSHE WANTS TO GET BIGGER!!
15.6K18 -
1:00:01
The Tom Renz Show
14 hours ago"The October Surprise - BRICS?"
20.8K9 -
38:57
The Pete Santilli Show
6 days agoThe Dollar is Worth 3 cents: The Government Doesn't Have The Solution, They CREATED The Problem
15.3K4 -
18:16
GameLeap RAID Shadow Legends
13 hours agoHow to BUILD A GOD-TIER NUKER - Best Stats and Gear - Raid Shadow Legends Beginner Guide
18.7K1 -
1:44
Memology 101
1 day ago $0.16 earnedAmerica did WHAT?!
15K39