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solid_fuel 19 hours ago

You are conveniently ignoring the other half of finance - one party includes plans to actually pay for what they want to spend while the other cuts revenue to make rich people happy.

This is not the same, even though it may be tempting to cry “both sides” and throw your hands up.

0xy 15 hours ago | parent [-]

Biden's infra plan was $550bn in new spending, which was offset in only $50bn of new revenue and $110bn of spending reductions. So, on net, it was massively inflationary and toasted the budget.

That was just one proposal with half a trillion.

solid_fuel 14 hours ago | parent [-]

Would you care to provide a citation for that?

According to any of the reporting I can find, the Inflation Reduction Act: "This bill would raise $737 billion in revenue while spending $437 billion. The remaining $300 billion would go toward deficit reduction." [0]

[0] https://en.wikipedia.org/wiki/Build_Back_Better_Plan#Inflati...

This is pretty much the same story with every major policy proposal from the Biden administration. They all included plans to cover the expected costs.

0xy 3 hours ago | parent [-]

You are wrong. CBO. https://www.cbo.gov/publication/57406