Commentary The budget recently released by the Biden White House for fiscal 2022 and the ten years following says a lot about where this administration intends to take the country. Two things in particular stand out. The president clearly wants to enlarge the role of government in the economy. At times in the past, Washington has taken a historically large portion of the economy, but only in recessions and war. But this administration projects a larger role for government on a fundamental and ongoing basis for as far into the future as it can. It is also clear from this budget that the Biden administration cares little about promoting economic growth. One would think that all Biden’s aggressive spending and taxing proposals would find a justification in expectations of higher future growth rates and greater levels of prosperity. But this budget expects only mediocre long-term growth. The picture raises questions …
What Does the New White House Budget Say About Where Biden Intends to Take America?
June 16, 2021
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