His conservative rating must be low, since he's been in office government spending has been higher, even higher than Obama
President Trump oversaw falling Federal deficits, which is not surprising since he inherited the Great Recession. President Trump is generating unprecedented $1 trillion deficits in a growing economy.
www.forbes.com
The country cannot afford four more years of big government spending
Ummmmmmm. . . . .
"Despite an unprecedented $24 trillion in budget deficits projected over the next decade, Joe Biden is promising the largest spending spree since Lyndon Johnson. And despite the deepest recession in 80 years, Biden is demanding the largest permanent tax increase since World War II. Can gridlock save taxpayers and the federal budget from these exorbitant costs?
First, the numbers. Biden has proposed $11 trillion in new spending over the decade. His
$1.4 trillion health care plan would expand the Affordable Care Act, bring a “public option” to the health exchanges, and expand long-term care assistance. More recently, Biden proposed reducing the Medicare eligibility age to 60, at an estimated cost of $300 billion. He also has proposed new spending on climate and infrastructure
($2 trillion), Social Security and Supplemental Security Income ($1 trillion according to the Progressive Policy Institute), college, K-12 education, and preschool aid (
$1.5 trillion), family leave assistance (
$550 billion), “Buy America” investments (
$700 billion), housing aid (
$640 billion), and combatting opioid addiction (
$125 billion). Finally, Biden has endorsed the
$3 trillion in stimulus spending passed by the Democratic House.
He would pay for one-third of this new spending with $3.6 trillion in new taxes over the decade—which, at 1.3 percent of the economy, would represent the largest permanent tax increase since World War II. "
His proposals come at a time that America can least afford them. Despite an unprecedented $24 trillion in budget deficits projected over the next decade, Joe Biden is promising the largest spending spree since Lyndon Johnson. And despite the deepest recession in 80 years, Biden is demanding the...
www.manhattan-institute.org
