Biden proposes to break spending records with $6 trillion budget
His budget would give millions to abortion programs, solar panel companies and various other left-wing causes.
President Joe Biden has unveiled a radically left-wing budget that should make AOC very happy.
“President Biden is set to propose a budget totaling $6 trillion in the coming days, The New York Times reported early Thursday, about a third higher than pre-pandemic spending levels,” according to The Hill.
“The proposal would contain [higher spending] in infrastructure, education and health care, according to the Times, and bring federal spending levels to their highest sustained level since World War II,” the online news site reported.
The news site noted that “the plan would increase the country’s debt burden to 117 percent of gross domestic product by the end of the decade, exceeding its World War II record in 2024.”
The budget has little chance of passing, since presidents’ budgets rarely do, but it could serve as a rallying cry for left-wing activists who want Biden and Harris to implement a complete socialist takeover of America.
The full details will come out Friday, but here’s what we know so far:
--The budget will try to strip the Hyde Amendment, which prohibits direct federal Medicaid spending on abortion. Biden, though he is Catholic, has decided to obstinately support legalized abortion through all 9 months of pregnancy, directly contradicting the Catholic Church’s teaching in favor of his political agenda.
--Reuters predicts the budget “could include jumps in funding for Medicaid and other social programs that consume most federal government spending.”
-- “President Joe Biden’s proposed budget for the upcoming fiscal year assumes that a hike in the capital-gains tax rate took effect in late April, meaning that it already would be too late for high-income investors to realize gains at lower tax rates, according to a Wall Street Journal report out Thursday citing people familiar with the proposal,” MarketWatch reported, based on WSJ reporting.
Leftists like AOC and the rest of the “Squad” are likely to be happy, but already conservatives have begun criticizing Biden’s continued push for out-of-control spending on liberal wish list items.
“Joe Biden is no moderate. And any removed protections for preborn babies is more proof of that,” Kristan Hawkins, president of Students for Life of America, wrote in a recent tweet.
“Joe Biden is spending money like this is ‘Brewster's Millions,’ proposing exorbitant taxes and regulations, and blowing out the debt, and yet his budget proposal suggests consistent 2% economic growth and 2% inflation,” conservative commentator Ben Shapiro said.
Pressure will likely step up on Democrats to eliminate the filibuster to pass their radical agenda.
Do you think we need to slash spending across the board? Do you trust the government to spend our money? Share your thoughts below!