Name: Joe Biden's $11 Trillion Plan To Bankrupt America
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Joe Biden's $11 Trillion Plan To Bankrupt America

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Joe Biden's and his promises to beef up labor and environmental regulations are the reasons why The Washington Post called his platform "." Given that the former vice president and senator will almost certainly face a Republican Senate and inherit a weakened Democratic majority in the House of Representatives, it remains to be seen what sort fiscal policy he will try to enact, much less be able to pass. In fiscal 2020, the federal government spent $6.6 trillion and posted a $3.1 trillion deficit, potentially setting staggeringly high new baselines for both.But even with a divided government hitting the "snooze bar" on Biden's most-ambitious programs, Riedl says, there will still be plenty of new spending over the next four years. "InNarrated by Nick Gillespie. Edited by Isaac Reese. Feature image by Lex Villena.Photos: MEGA / Newscom; SHANNON STAPLETON/REUTERS/Newscom; REUTERS/Carlos Barria; CARLOS BARRIA/REUTERS/Newscom; REUTERS/Shannon Stapleton; Brad Barket/Everett Collection; LEAH MILLIS/REUTERS/Newscom; CARLOS BARRIA/REUTERS/Newscom; CNP / Polaris/Newscom; Andrew Lichtenstein/Polaris/Newscom; Bastiaan Slabbers/ZUMA Press/Newscom; Andrew Lichtenstein/Polaris/Newscom; John Nacion/ZUMA Press/Newscom; Xinhua News Agency/Newscom; Xinhua News Agency/Newscom; SHANNON STAPLETON/REUTERS/Newscom; Christopher Brown/ZUMA Press/Newscom; Hans Gutknecht/ZUMA Press/Newscom; Michael Nagle Xinhua News Agency/Newscom; Andrew Lichtenstein/Polaris/Newscom; Chris Maddaloni/Roll Call/Newscom; Thomas Wiewandt/Wild Horizons/Education Images/Universal Images Group/Newscom; Everett Collection/Newscom; AgnosticPreachersKid, CC BY-SA 3.0Music: "Youth" by ANBR, "Free Radicals" by Stanley Gurvich

Joe Biden's and his promises to beef up labor and environmental regulations are the reasons why The Washington Post called his platform "." Given that the former vice president and senator will almost certainly face a Republican Senate and inherit a weakened Democratic majority in the House of Representatives, it remains to be seen what sort fiscal policy he will try to enact, much less be able to pass. In fiscal 2020, the federal government spent $6.6 trillion and posted a $3.1 trillion deficit, potentially setting staggeringly high new baselines for both.But even with a divided government...

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Nick Gillespie

Reason is an American libertarian monthly magazine published by the Reason Foundation. The magazine has a circulation of around 50,000 and was named one of the 50 best magazines in 2003 and 2004 by the Chicago Tribune. Reason was founded in 1968 by Lanny Friedlander (1947–2011), a student at Boston University, as a more-or-less monthly mimeographed publication. In 1970 it was purchased by Robert W. Poole Jr., Manuel S. Klausner, and Tibor R. Machan, who set it on a more regular publishing schedule.

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Joe Biden's $11 Trillion Plan To Bankrupt America

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