President Biden on Friday released his massive $6 trillion budget for fiscal 2022 pushing a surge in spending on social programs and broadly defined infrastructure through tax hikes on businesses and higher-earners.
The budget — which would set the US on course for higher spending as a percent of the economy than ever before and continue to balloon the national debt — calls for a 16-percent increase in non-defense spending. But it’s also an aspirational document that requires Congress to enact it.
Critics of Biden’s first budget say it would undermine the economic recovery with higher taxes and inflation as COVID-19 fades.
“Biden’s budget is doubling down on a cradle-to-grave government… that’s a lot more woke,” said Russ Vought, who was budget director to former President Donald Trump and is now president of the Center for Renewing America.
“Biden has cut, copy and pasted economic policy from the 1970s. And at a time of inflation, record debt and gas lines, it’s not a serious budget.”
The document was not released until the Friday afternoon before the three-day Memorial Day weekend.
Biden Administration ( Fake REGIME ) Stealing ALL of America’s Gains & Ritches Trump made Possible !!!!
And Democrats will SKIM off most of the $$$$ for Themselves for Retirement !!!!!
A budget will be passed, but at a much lesser amount.
For Democrats > There is NO Budget !!!!
They just PRINT more & more $$$$$$$$$ since they have the Printing Presses !!!
SO WHY do we have to pay TAXES ???? If WE had printing presses we would not need any
body elses $$$$$$ would we ???? NO
Inflation inflation inflation inflation inflation inflation !!!!
YOU are the one who will pay for letting Criminals run YOUR Govt !!!! Your Grand-kids will Suffer more than you
Remember not too long ago we were spending a billion a day in iraq. Now the gov is throwing around trillions like its nothing. Must be nice to borrow tomorrow for a hamburger today. Only in America