comparemela.com

Latest Breaking News On - Congress must get serious about america debt - Page 1 : comparemela.com

Biden s Borrowing: A Problem For President Harris

https://www.nysun.com/national/bidens-borrowing-a-problem-for-president-harris/91408/ President Biden’s opening move has been to propose a $1.9 trillion pandemic recovery spending plan, on top of the $2 trillion approved in March 2020, $484 billion in April 2020, and the $900 billion in December 2020. All indications are that Mr. Biden plans to follow that with a $2 trillion “build back better” plan for spending on transportation, energy, infrastructure, health care, and countering climate change. It’s easier to get Congress to approve spending than taxing, so the $4 trillion Biden spending binge is likely to be funded largely with borrowing. That is promoting some pushback from Republicans, who observe that the national debt is already at $27 trillion, a record in nominal terms.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.