Have you seen President Biden’s 2022 budget proposal? It features $6 trillion in federal spending. And you thought spending would go back to “normal” after the pandemic.

Welcome to the new normal. Which is really an awful lot like the old normal.

For Further Reading

Biden Borrow and Spend Plan Builds on Trump Legacy and Makes Things Even Worse

Big Spenders Get Worse Every Year: The History of Growth Since 1940

Trump’s Massive Deficits Before the Pandemic

Mike Maharrey