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Jun 2nd, 2021 5 min read
COMMENTARY BY
Director, Grover M. Hermann Center for the Federal Budget
Matthew is the director for the Grover M. Hermann Center for the Federal Budget at The Heritage Foundation. U.S. President Joe Biden speaks at a rally on June 01, 2021 in Tulsa, Oklahoma. Brandon Bell / Getty Images
Key Takeaways
The national debt would be about $330,000 per household by 2031, totaling $44.8 trillion.
Despite proposing trillions of new spending under the promise of job creation and strengthening the economy, the president’s budget projects a weak economy.
When there’s bad news to be released in Washington, a tried-and-true tactic is to dump it on a Friday afternoon. If it’s really bad news, then make sure to release it before a long holiday weekend.
Commentary By
Matthew Dickerson is the director of the Grover M. Hermann Center for the Federal Budget at The Heritage Foundation.
When there’s bad news to be released in Washington, a tried-and-true tactic is to dump it on a Friday afternoon. If it’s really bad news, then make sure to release it before a long holiday weekend.
President Joe Biden followed this strategy, releasing his budget proposal on the Friday afternoon before the Memorial Day holiday.
And this budget is bad news for taxpayers. Biden’s budget is unreasonable and irresponsible, and should be rejected.
Biden has quoted his father as saying, “Show me your budget, and I’ll tell you what you value.”