President Joe Biden has just proposed the biggest federal budget request in U.S. history–with the exception of his near $7 trillion spent last year. When I came to Washington in 1985, the federal budget hit $1 trillion. Now, we are in the $6 trillion to $7 trillion range, and we wonder how it is that the debt has rocketed to $30 trillion. The obvious solution—given the hundreds of billions of dollars of waste and fraud in the budget and the end of special spending needs to combat COVID—would be to put government on a strict spending diet. Not only would this lower our deficit, it would mean a lower inflation rate as well. Instead, Biden wants one of the largest tax increases in many years. All of this, he says, is aimed at millionaires and billionaires, but hopefully, voters aren’t gullible enough to fall for that gambit. That’s what they …
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