‘Successful presidents,” Joe Biden said during his March press conference, “better than me, have been successful, in large part, because they know how to time what they’re doing—order it, decide, and prioritize what needs to be done.” Biden acts as if his time is short. He spent his first 100 days in office drastically increasing government spending and calling for much, much more.
After signing into law the $1.9 trillion American Rescue Plan, he proposed another $2 trillion American Jobs Plan and is putting the final touches on a $1 trillion American Family Plan. All of this new spending is in addition to the $2.2 trillion CARES Act from the spring of 2020, the $900 billion COVID-19 Economic Relief Bill from December 2020, and the trillions of dollars the federal government spends each year to fund its regular operations and programs. The sum of these expenditures, and their contribution to the already sizable U.S. deficit and debt, quite simply boggles the mind.