Monday, September 28, 2020

The horror of the Biden budget

The most disconcerting shift in the Biden budget is its radical expansion of the size of the federal government as a percentage of national economic activity.

For the first time in our history, other than during the Second World War, the federal government will absorb almost 25 percent of our nation's wealth under the Biden budget.

Approximately $5.4 trillion of spending on new programs or expanded federal social programs is proposed in the Biden budget over ten years.

One of the legacies of the Biden budget will definitely be fewer breakthrough drugs and more political posturing about who is responsible for deteriorating medical outcomes for ill Americans.

The real horror of the Biden budget is the fact that the people who are proposing it, including the former vice president, have no concerns with expanding the size of the federal government in such an extraordinary way.

The Biden progressives are proposing the philosophy that all government is good government, and much bigger government is much better government.

When the Biden budget is instituted, and a massive blob of government smothers the nation's economic capacity to grow, we can recall Kurtz's final words - and say with some certainty that they were an understatement.

https://thehill.com/opinion/campaign/518514-judd-gregg-the-horror-of-the-biden-budget 

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