Government Watch / Instagram / Opinion / Politics

Biden Budget Outlines Radical Vision Fueled by Record Spending

AMAC Exclusive

biden spendingThe Biden Administration waited until the Friday before Memorial Day weekend to send its long-delayed budget to Congress—and one look at the $6 trillion monstrosity leaves no doubt as to why. The president who ran for office as a moderate has solidified his radical leftward lurch with a proposal for colossal deficits and a budget jammed backed with socialist fantasies.

Although it is normal for government spending to rise in a crisis, Biden’s proposal doubles down on the spending binge and raises deficits to unprecedented levels. While his plan threatens the economy, it certainly accomplishes the administration’s primary goal of pleasing the ideological extremists now running the Democrat Party.

Indeed, Biden’s budget request constitutes the most aggressive expansion of government in recent memory. Of course, the plan includes most of the standard provisions found in all presidential budgets, but it is also crammed with far-left agenda items that have long been considered fringe and ideological concepts.

In a fact sheet on the specifics of the proposal, the White House makes clear that the budget is in fact a plan to remake the social fabric of the country, saying that “America cannot afford to simply return to the way things were before the pandemic.” The document goes on to call for a “reimagining” of the American economy – words that eerily echo the left’s call last year to “reimagine policing.” The proposals have many conservatives convinced Biden is intent on using the budget process to inflict radical social change.

Among other proposals, Biden is calling for an increase of $14 billion over the 2021 budget to address the “climate crisis” and “secure environmental justice,” $2.1 billion for new gun control measures, and more than $860 million to go to Central America to address the “root causes” of illegal immigration. Biden’s plan also calls for a drastic increase in the number of refugee admissions for fiscal year 2022, increasing the annual cap by more than seven times.

Biden claims he plans to fund his proposal by reversing many Trump-era tax cuts. Among other changes, Biden wants to increase the corporate tax rate from 21% to 28% (which would cause a gigantic spike in outsourcing to China), as well as raise the top individual tax rate from 23.8% to 43.4%, and expand the estate tax, or death tax, which would cripple family farms and small businesses.

Despite the radical nature of Biden’s plan, several members of the Democratic Party’s progressive wing say the plan still doesn’t go far enough to change American society. At a recent virtual town hall, Congresswoman Alexandria Ocasio-Cortez (D-NY) called on Democrats to “push” Biden for “full student loan debt cancellation” after the Biden administration announced that it would not include anything in this year’s budget to address the student loan crisis. Progressives also took aim at Biden’s call to maintain high levels of military spending, with Sen. Bernie Sanders (I-VT) saying he has “serious concerns” about what he called a “bloated” Pentagon request.

Aside from politicians, Biden’s budget plan has many experts worried about the proposal’s lasting effect on the economy. Even liberal economist Larry Summers, veteran of the Obama and Clinton administrations, warned that there were “very substantial risks” of rising inflation, saying “we are printing money.” While the Biden administration claims that the massive amounts of deficit spending proposed in its 2022 budget will eventually be offset by increases in tax revenue from wealthy individuals and corporations, these calculations assume that interest rates and inflation will remain relatively low over the next decade. With soaring commodity prices and rising inflation already threatening the economic wellbeing of many Americans, such assumptions are dubious at best.

If enacted, Biden’s budget is projected to result in a staggering deficit of $1.84 trillion in 2022 even as the United States recovers from the pandemic and returns to normal life. This is in clear defiance of historical norms. When government has increased spending to meet challenges in the past, budgets have quickly returned to normal levels once the crisis has subsided. For example, although public debt as a percentage of GDP peaked at 118% during World War II, that figure steadily declined after the war’s end, fluctuating between 30% and 80% for the next several decades. Biden’s plan would keep the public debt to GDP ratio at historic highs—from 112% to 117%–for as far as the eye can see. Most economists agree that when public debt reaches 77% of GDP or higher, economic growth begins to slow.

Biden released his plan after a record delay and amid mounting pressure from Congressional Democrats. Some of the delay is due at least in part to the fact that Biden still doesn’t have a Senate-confirmed budget chief. Biden had initially nominated liberal activist Neera Tanden to the position, but withdrew her nomination amid bipartisan opposition, including from Democratic Senators such as Joe Manchin of West Virginia, who said that she would likely have a “toxic and detrimental” relationship with Congress if confirmed. As early as mid-April, House Armed Services Committee Chairman Adam Smith (D-WA) said he was “deeply concerned” Congress hadn’t received a budget request and that the White House should provide the budget request by May 10. Biden’s budget was the latest in at least 100 years, following on his pattern of waiting longer than his predecessors for events such as his first press conference and his first address to a joint session of Congress.

Ultimately, Congress does not have to take any of the President’s recommendations (the budget request is just that – a request). Lawmakers have priorities of their own, and hammering out a spending bill that can pass both the House and Senate is a long, arduous process. However, Biden’s plan is a clear indication that the President has no intention of abandoning his increasingly radical left-wing agenda anytime soon. While Biden and Congressional Democrats want to seize this fleeting opportunity to transform the country, the economic fallout of their policies could end up only increasing the likelihood of crushing Democrat losses next year.

We hope you've enjoyed this article. While you're here, we have a small favor to ask...

As we look forward to expanding our work in support of America’s Seniors, we're asking you to consider a gift to help the AMAC Foundation continue to grow.

The AMAC Foundation, a 501(c)(3), plays a vital role in developing resources that enrich America's Seniors' lives. From Social Security to Medicare—with a lot in between—our services have helped thousands of Seniors by providing guidance at a time when they need it most.

Your support of our tax-exempt Foundation will enable us to continue delivering programs that meet a growing community's needs and that are vital to their well-being.

Thank you for putting your faith in AMAC!

Donate Now

If You Enjoy Articles Like This - Subscribe to the AMAC Daily Newsletter
and Download the AMAC News App

Sign Up Today Download

If You Enjoy Articles Like This - Subscribe to the AMAC Daily Newsletter!

Sign Up Today
Read more articles by AMAC Newsline
Subscribe
Notify of
30 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Lee
3 months ago

Biden is a dumb little btch.

Lee
3 months ago

Biden is a dumb bastard.

Sharon Marie
3 months ago

Biden is SICK!

James
3 months ago

Just because it’s a conspiracy theory doesn’t mean it’s not true. The leftist democrats plan is hyperinflation that will crash Wall Street and destroy the economy. That way common people will have to depend upon their form of government to survive. That opens the door for the Chinese communist to gain greater control of the USA because the leftist democrats will depend upon them to “save the day”.

Jeanette
3 months ago

We all with an ounce of sence know what is causing the migration..and it’s not only from So America..also from several other continents…its Joe’s welcoming message. The Socialists are out to destroy our Republic..plain and simple.

Lyn
3 months ago

We can hope so

John
3 months ago
Reply to  Lyn

What’s MESS Biden is, was,

Brewvet63
3 months ago

Does anyone really believe voting will fix this mess? If you do your not paying attention. We are way past the ballot box here. Instead you should prepare for the coming reckoning.

JoAnne
3 months ago

This is the worst possible but totally expected outcome of Biden’s leftist ideology. Hoping and praying that God moves him, but especially all those behind the scenes, pushing his buttons.

Jeanette
3 months ago
Reply to  JoAnne

This man professes to be a true Catholic but works against Catholic values.

John
3 months ago

THIS IS DISPICABLE!!! “REALLY” what’s next,. The preparation H ??

Sandra
3 months ago

Get rid of Biden

Karen
3 months ago

How much is going in Joe’s pocket?

Garye
3 months ago

This joblama, useless harris and communist democrats are out of control!
It’s OUR money they are taking to fund their graft and corruption with no regard as to the consequences!
6 trillion in pork barrel projects,give aways and pay offs to their donors and pet organizations.
We MUST demand specific details and accountability from these radical democrats.
The Republicans must stand up and expose this fraud on America!
Line by line,item by item, show America the ruse.

Max
3 months ago

Remember, the sole objective of LEFT/PROGRESSIVES is to bankrupt the USA and get rid of the Constitution for the ONE WORLD ORDER/GOVERNMENT to take over things. This was once tried in Babylon under Nimrod but failed thanks to the Father but there are those in the current world trying to do it again.

Bill
3 months ago
Reply to  Max

Max, yes!

One World Order,
Nation without a border.

Many a Nimrod,
Rebellion against, God!

Wicked empires come and gone,
Revival of Babylon.

Evolution has formed many fools,
The answer is RETURN THE BIBLE TO THE SCHOOLS!

“The fool has said in his heart, “there is no God.”
Psalm 14:1

GT Patriot
3 months ago

After weeks spending billions promoting their “epic” CNN will cram more racism
down our throats tonight with their Tulsa OK “Black Wall Street” program and will
then spend the next 2 weeks asking blacks what they think about it. Thank god
I can watch something else or nothing.

GT Patriot
3 months ago

xxx

par
3 months ago

Biden is totally clueless in knowing fiscal responsibility and running the budget. We in deep trouble – hate to be the President in 2024 – Need second coming of Ronald Regan.

Kandi Hayes
3 months ago
Reply to  par

I’ll settle for a living Donald Trump

Garye
3 months ago
Reply to  Kandi Hayes

American Greatness again!
Throw OUT every democrat or rino who goes along in 2022, get rid of democrat govenors too!
These idiots are destroying OUR Country!

Charlie
3 months ago

Biden is a Mad Man ! He has Bowed to the Radical Left. America cannot take on any more Debt !
Our Debt as it Stands will take a Hundred Years or more to be Paid Off !
NO MORE Debt !

James
3 months ago

for biden to Salute the Flag of the United States of America is like giving our Country and its people the middle Finger.. You biden are a Sick Disgusting P.O.S.

The Rebel
3 months ago

Ole’ [email protected]$$ has no clue what is going on————————-he is instructed by the undocumented lying racist muslim 44 and nancy the dingbat !!!!

Randy St Aubyn
3 months ago

Crushing democratic losses in the next election would be a fitting and timely consequence of the left’s urgent task of moving the U.S.A. further left

Chelle
3 months ago
Reply to  Randy St Aubyn

If we pray fervently, perhaps there will be enough of a republic to save in the next election.

James
3 months ago
Reply to  Chelle

we will never make it to the Next Election, Look what happened to the Past one that got China Commie Joe and The laughing Happy Hooker Harris Illegally Elected. and We Know it was FRAUD.. but we just sit around like the good little sheep we are, and Do Nothing, but WAIT for the next Election.. Our Country is Burning, Children being Brain Washed, Colleges teaching Marxism for Decades, It is all about the Money by Corporations who do not give a Dam about Life or Humans. Sure proved that during this so called Wuhan virus by Murdering Thousands and We Do Nothing.. if anyone says well what do we do ?? You are The Problem.. Praise the Lord and PASS THE AMMUNITION…

Kandi Hayes
3 months ago
Reply to  James

Amen!

James
3 months ago
Reply to  Kandi Hayes

I am for a Living Donald J. TRUMP also

mutsysmom
3 months ago
Reply to  James

So what are YOU doing, James?

30
0
Would love your thoughts, please comment.x
()
x