Under Trump and Biden, the spending burden has grown much faster (even if we ignore the orgy of COVID spending). Unfortunately, it is likely that the next four years will be just as bad as the past eight years. That’s because both Donald Trump and Kamala Harris are big spenders. Not...
However, it seems like critics are missing the point. The real problem here is the size of government spending. How the government finances this spending is beside the point. Once the government decides it is going to spend a large amount of money, the private economy suffers....
* Excluding federal grants (which are counted under federal spending), in 2022 U.S. state and local governments spent $1,466 billion on social programs.[97] This amounts to: 55% of all state and local government current expenditures. $4,399 for every person living in the U.S. $11...
The Biden administration has increased federal government spending by a record$3.4 trillionsince January 2021. That includes such signature bills as the American Rescue Plan Act of$1.8 trillion, the Inflation Reduction Act of$50.6 billion, and the Infrastructure Investment and Jobs Act of$764.9 billi...
The funding package, released just before midnight on Monday, would punt difficult negotiations over the dozen annual spending bills until after the November midterm elections. It notably sidesteps the Biden administration’s requestfor emergency funds to combat the coronavirus pandemicand monkeypox, acc...
"That is a meaningful contribution to their retirement that will be made through the tax code if they make those retirement contributions," he said. The federal spending package passed the Senate on Thursday. It still needs to pass the House and be signed by President Joe Biden. ...
Foreign Aid Under Biden Administration Substack: Biden Pays, Rockets Fly: Administration Sent $1 Billion In Palestinian Aid After Trump’s Freeze Substack: Feds Spent $3.3 Billion On Furniture During Pandemic Years Substack: What Lesson Is Baltimore City Community College Teaching? Substack: Our...
The Biden Administration's "Whole of Government" Approach To Promoting Labor Unions The Chamber appreciates the assistance of the Workplace Policy Institute, and, in particular, Littler shareholders Bradford Kelley and Michael J. Lotito, in the preparation of this paper. Copyright ...
Biden Administration Forgives $7.4 Billion More in Student Loans By Diccon Hyatt Apr 12, 2024 Who Will Get Forgiveness Under Biden's New Student Loan Proposal? By Diccon Hyatt Apr 09, 2024 Yellen Says US Will 'Underscore' Need for China to Shift Course ...
The debt ceiling was raised again in December 2021 under President Biden by $2.5 trillion to $31.4 trillion.10 On May 28, 2023, after months of negotiation, it was announced that President Joe Biden and former House Speaker Kevin McCarthy agreed to a tentative deal to suspend the debt ceili...