The Biden administration, despite its floundering popularity and growing domestic problems, is still committed to expanding the government at record levels. One way it is doing is by proposing a monstrous $5.8 trillion budget bill. Georgia Congresswoman Marjorie Taylor Greene immediately attacked this bill.
In a tweet, she stated, “Biden’s $5.8 TRILLION budget is loaded with America last climate change energy loss spending and woke environmental justice & fake equity spending but does nothing for Americans suffering from inflation costing them $3,500 extra per year.”
Biden’s budgets allegedly address deficit reduction, increased funding for police and veterans, and reallocation of funds for social spending programs.
According to a Bloomberg report, the Biden administration’s budget proposal “included measures that would add up to the biggest tax increase in history in dollar terms, helping stabilize deficits relative to the size of the economy.”
The 2023 budget allocated $1.598 trillion towards “discretionary spending,” which are areas that aren’t connected to mandatory programs like Social Security. $813 billion was allocated towards defense programs and $769 billion towards domestic spending.
Republicans have rightly criticized the budget plan for unfairly imposing exorbitant costs on productive Americans while failing to reduce spending to address the debt.
“This budget submission from the president shows he has learned nothing over the past year — nothing about how his policies have failed the American people — and he intends to double down on those very policies,” declared congressman Jason Smith.
Spending is out of control in the US. Fiscal conservatism is an afterthought in DC circles. Most Republicans are big spenders themselves.
Tons of interest groups lobby hard for the federal government to give them handouts. Given how the US has already overstepped its constitutional bounds on matters of spending, every interest group under the sun now feels entitled to get a piece of the federal government’s largesse. It’s a small wonder why the national debt remains a perennial problem for the US.
Ideally, defense and social welfare spending would be slashed substantially. In the latter case, social spending should be devolved to the state level so as to ease people into accepting a lighter welfare state. All things considered, the US will need to go on a fiscal diet — a process that will be rough, no matter how we slice it. But it has to be done lest the US wants to fiscally implode.
