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$3T Infrastructure Grab Bag Would Strangle Economy, Americans with Debt, Taxes

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COMMENTARY BY U.S. President Joe Biden answers questions during the first news conference of his presidency in the White House on March 25, 2021 in Washington, D.C. Key Takeaways

Only a fraction of the new spending would go toward an already too-expansive definition of infrastructure.

Analysis found that having 10% more federal government would mean a 12% to 19% reduction in personal consumption.

A government of the size that they’re seeking would require amounts of money that can only be generated through steep tax increases on middle-class Americans.

The media were flooded Monday with news that the Biden administration is working on a colossal new $3 trillion to $4 trillion spending plan.

While full details are not available yet, the plan appears to be another left-wing grab bag of big-government proposals. Rather than stimulating the economy, it would stimulate bigger government while funneling unprecedented amounts of power and money through the hands of politicians in Washington.All this comes on the heels of President Joe Biden signing into law on March 11 a badly flawed $1.9 trillion legislative package that was originally marketed as a COVID-19 response, but which was more focused on left-wing pet causes, such as bailouts for union pension plans and […]

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