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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.

0xy 3 hours ago | parent [-]

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