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Biden’s legislative agenda is in danger of going nowhere...and that’s bad for the country

11 4 0
01.06.2021

US President Joe Biden presented on Friday his fiscal year 2022 budget; perhaps the greatest show of exactly where the Biden administration’s priorities are in terms of policy. The budget calls for $6 trillion in spending and is being billed by some as a reimagining of how and for who the economy works, but its ambition (within the context of American politics) may put the rest of Biden’s legislative agenda at risk of never passing. This is bad news for the country as a whole.

“It is a budget that reflects the fact that trickle-down economics has never worked, and that the best way to grow our economy is not from the top down, but from the bottom up and the middle out,” Biden wrote in his budget message to Congress. “If we make that understanding our foundation, everything we build upon it will be strong.”

Indeed Biden’s first budget proposal as president is in stark contrast with the political status quo that has dominated Washington for decades. It would ramp up government spending to levels not seen since World War II by investing significantly into infrastructure and education at the expense of corporations and the wealthy.

But, the real power of the........

© RT.com


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