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What Is The Democrats’ $6 Trillion Budget Buying Us?

Our principled limited government constitutional conservative friends at Americans for

Limited Government posted a must-read article dissecting the state of the federal government’s deficit and its unprecedented growth over the past three years.


As the article by Robert Romano documented:


The annual budget deficit has already hit $1.9 trillion and counting for the fiscal year that will end in September, according to the U.S. Treasury’s April statement, and it will reach as high as $3.6 trillion this year, says the White House Office of Management and Budget (OMB). Comparatively, in 2020, the deficit totaled about $3.1 trillion for the entire year.


This comes amid the massive government spending in response to the Covid pandemic, including the $2.2 trillion CARES Act in March 2020, the $900 billion phase four legislation in Dec. 2020 and then President Joe Biden’s additional $1.9 trillion Covid stimulus bill in March 2020. Another $2.1 trillion infrastructure plan is in the works. And now, Biden is offering his $6 trillion budget, which will blow another $1.8 trillion hole in the deficit in 2022.


Unfortunately for fiscal hawks, wrote Mr. Romano, the easy money from the Fed will only likely encourage more spending binges, including Biden’s $6 trillion behemoth budget, from the Democratic-controlled Congress.


A fair question for all American taxpayers to ask would be what are we getting for these vast sums, which as a percentage of the economy rival federal spending during World War II?


It certainly isn’t the economic stimulus that politicians of both parties keep talking about.


As Neil Irwin wrote for the New York Times, President Biden’s budget proposal includes billions of dollars for clean energy, education and child care — ideas being sold for their potential to increase America’s economic potential. One thing it does not include: an outright economic boom.


In the assumptions that underpin the administration’s budget, economic growth is strong in 2021 and 2022 — but strong enough only to return the economy to its prepandemic trend line, not to surge above the trajectory it was on throughout the 2010s.


Then in 2023, the administration expects gross domestic product, the broadest measure of economic activity, to rise at a slower 2 percent rate, then 1.8 percent a year through the mid-2020s. That is lower than the 2.3 percent average annual growth rate experienced from 2010 to 2019.


It is a striking contrast with the approach taken by the Trump administration — a gap between presidential styles buried on Table S-9 of the two presidents’ budgets, observed Mr. Irwin. The Trump administration’s final prepandemic budget proposal, published in February 2020, forecast that the economy would grow around 3 percent per year throughout the 2020s.


Our take from reviewing the Biden budget and the literature analyzing it is that the reason it does not project sustained economic growth is that much of the vast sum Biden plans to spend is directed at unproductive government activities, such as burdensome regulations of the fossil fuels industry, foreign aid, asylum programs for illegal aliens and subsidizing failing Democrat-controlled states and localities.


Indeed, many of the marquee items in Biden’s budget actually reduce the economic potential of the United States by imposing future subsidy costs on taxpayers – wind and solar power and electric vehicles are only competitive with fossil fuel power if the consumers and producers get a taxpayer subsidy.


And, while the Biden administration and Democrats may project increased employment in the new and highly subsidized “green energy industry” many if not most of those jobs involve transferring the jobs and the wealth from fossil fuel states, like West Virginia, to California or another locality far from where the existing fossil fuel jobs are being killed. Devastating the families and the local tax base of fossil fuel producing communities does nothing to add to the economic potential of America.


Finally, there are the massive sums being committed to race-based programs, such as mitigating the imagined effects of climate change on so-called communities of color. While these programs may improve the employment prospects for sociology majors or race and gender studies majors, they do nothing to build the overall economy.


It would be much better for the poor people of whatever color who live in those communities to use existing environmental clean-up and mitigation programs and spend the excess Biden proposes to fund proven job skills and life skills programs – both of which would provide measurable economic benefits to the individuals who participate and the country as a whole.


The bottom line is Biden’s $6 trillion spending spree – by his own admission – isn’t going to get us back to where the pre-pandemic Trump economy was. Instead, it will return us to the tread water economy of the Obama years when the massive burden of politically motivated government regulation and subsidies for favored industries drained our economic power and beggared American workers.


  • Biden Budget

  • $6 trillion

  • national debt

  • federal budget

  • climate change

  • Americans for Limited Government

  • infrastructure

  • clean energy

  • education

  • child care

  • economic growth

  • GDP

  • pandemic

  • regulations

  • blue state bailouts

  • federal subsidies

253 views5 comments

댓글 5개


This monstrosity amount of spending on pie in the sky "green crapola" reflects the real absence of mental reality awareness and proves Lala land imagery those in support of this nonsense. Infrastructure my ##s.... such a small portion of this falls into real infrastructural areas, it is truly astounding just how hard they want to push this onto an already collapsing economy.

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Charles Wilkins
Charles Wilkins
2021년 6월 04일

Democrats, everyone knows how corrupt they are, 2022 will be begin the swamp turnover: Let me guess they lied on their gun applications? they accepted bribes from China Russia and Ukraine?, They made book deals for millions, while in office, and their staff wrote the books? They donated to much of their salary to charities? Killed thousands of seniors because of their stupidity, They rigged the elections, They put thousands out of work because of bribes and abuse of power? They could not secure our borders? They told the truth about the corrupts democrats, They refuted Socialism and worse of all they tried to dishonor our flag and American way of life by destroying religion an life. This Biden is…

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rosie16
rosie16
2021년 6월 02일

So, more managed decline...in BO's third term. Of course, he's getting help from the Joke in the Oval Office. If anybody knows how to wreck an economy in the name of votes for the

-rat party, it's the jerk who spent five decades in the Swamp.

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Sue Sharp
Sue Sharp
2021년 6월 02일

NOT A DAMN THING

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Charles Wilkins
Charles Wilkins
2021년 6월 02일

We are experiencing an attempted coup, by Marxism ideology, we now have a president, who has embraced communism, quotes communist leaders, takes large amount of gifted money, through his family members. This attempt at dictatorship will crash and burn, Biden's who like the Clinton's will become another laughing joke of the day, they sold our Country out, with pay to play, abuse of power. which will be short lived. The Clinton's lack any respect, from the American people, the Biden family will be the same, his ideas will change nothing ,our constitution will prevail. Biden is much like a fart in a divers helmet, lot of stink with no place to go. Corrupt Biden administration created the biggest anti-American cluste…

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