Everything that comes from Washington, DC, costs more than the price tag, but if you take that $2 trillion number at face value and combine it with the $1.9 trillion Biden and the Democrats already spent in their COVID relief bill (most of which had nothing to do with COVID relief), we’re talking $31,758 of new spending for every household in the United States. That’s more than all the wealth of all the nation’s billionaires put together.
And that’s on top of our annual $4.48 trillion budget, and before you add in another $2 trillion in education, childcare and social program spending reportedly on the way soon. Alexandria Ocasio-Cortez says of the Biden plan, “This is not nearly enough.” Given that the median household income in the United States was $65,712 before the pandemic, Biden is on his way to blowing through an entire year’s budget for every family in the country. When the president calls this a “once-in-a-generation investment,” he means that after he’s done, we will be broke for a generation.
Biden to announce up to $4 trillion infrastructure plan with massive tax hikes
Guess who gets stuck with the bill? Biden says he will raise taxes on corporations, although even his pencil-pushers admit that they need 15 years’ worth of taxes to cover the first eight years’ worth of spending.