Saturday's rollout adds his recently announced infrastructure and social spending initiatives and fleshes out his earlier plans to sharply increase spending for annual Cabinet budgets. The national debt will soon breach USD 30 trillion after more than USD 5 trillion in already approved COVID-19 relief. But the Biden budget isn't serious and it won't be a part of those discussions." Some Democrats are already balking at Biden's full menu of tax increases, imperiling his ability to pay for his ambitious social spending. But winning gains that would even begin to meet his social spending goals would require him to rely solely on support from his narrow Democratic majorities in Congress.

Source: Mint May 29, 2021 00:44 UTC