| ▲ | 0xy 15 hours ago | |||||||
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. | ||||||||
| ||||||||