President Joe Biden is set to propose a $6 trillion budget on Friday, which would raise the level of federal spending to its highest sustained point since World War II, according to documents reported by The New York Times.
For the Lord your God will bless you just as He promised you; you shall lend to many nations, but you shall not borrow; you shall reign over many nations, but they shall not reign over you. Deut. 15:6
In the report, the Times notes that the budget would also run “deficits above $1.3 trillion throughout the next decade,” and that “Biden’s first budget request as president calls for the federal government to spend $6 trillion in the 2022 fiscal year, and for total spending to rise to $8.2 trillion by 2031.”
As federal spending skyrockets in response to the Democrats’ agenda regarding infrastructure and social benefits, the Times noted that “the United States would run significant deficits as it borrows money to finance his plans.”
“Under Mr. Biden’s proposal, the federal budget deficit would hit $1.8 trillion in 2022, even as the economy rebounds from the pandemic Read More
