The Biden Budget: Pandemic Spending That Never Ends

Source: Independent Institute
by Craig Eyermann

“President Biden released his first budget proposal on Friday, May 28, 2021. Just ahead of the Memorial Day Holiday weekend. That wasn’t a mistake. The timing is part of a well-established practice by politicians called a Friday news dump. If they know the news is bad for them, they dump it on Friday, when they know the public is not going to pay much attention to it. If they think the news is really bad, they dump it on the Friday before an extended holiday weekend. … Before the 2020 Coronavirus Pandemic, the U.S. government averaged spending an inflation-adjusted amount of about $13,000 per American per year. The Biden-Harris administration proposes to permanently increase that by 28% to 36% even after emergency pandemic spending ends, from a low of $16,607 in 2023 up to a high of $17,707 in 2030.” (06/03/21)