Joe Biden has proposed a federal budget for 2022 that has a mind-bending cost of six trillion dollars.
It’s an unprecedented amount of spending.
Republicans in Washington are not even waiting to see the details. They’re already declaring it dead.
FOX Business reports:
Republicans declare Biden’s budget proposal ‘dead on arrival’
The White House on Friday unveiled a $6 trillion budget proposal for fiscal year 2022 which would push debt levels to the highest they’ve been since World War II, and Republicans on Capitol Hill are calling the proposal “dead on arrival” in Congress.
The proposal exceeds former President Trump’s record budget request of $4.8 trillion last year.
The fiscal 2022 budget request – the first of Biden’s presidency – tallies up the administration’s eight-year, $2.3 trillion American Jobs Plan and the $1.8 trillion American Families Plan and incorporates them into Biden’s $1.5 trillion request for annual operating expenditures, which includes the Pentagon and other federal agencies.
Under the plan, the deficit would hit $1.8 trillion in 2022 and would routinely run above $1.3 trillion over the next decade, despite nearly $3 trillion in proposed tax increases. The gap between what the government spends and what it collects in revenue would grow to nearly $1.6 trillion by 2031.
Total debt held by the public would more than exceed the annual value of the entire economy by 117% in 2031, the highest level in close to a century.
Dr. Ben Carson said the budget would turn the U.S. into Venezuela.
— Jason Miller (@JasonMillerinDC) May 29, 2021
Lindsey Graham also says it’s DOA:
President Biden’s budget is dead on arrival – just like all other presidential budgets.
It is insanely expensive.
It dramatically increases nondefense spending and taxes.
Over time it will result in a weakened Department of Defense. https://t.co/Ji6gYfLcj5
— Lindsey Graham (@LindseyGrahamSC) May 28, 2021
It’s as if Biden is trying to bankrupt the country.