×

Biden ‘plays big’ with trillion-dollar proposals

Biden 'plays big' with trillion-dollar proposals 4

Biden ‘plays big’ with trillion-dollar proposals

During the campaign, Joe Biden portrayed himself as a moderate, old-school bipartisan `negotiator,` but that image is now a thing of the past, according to Rich Lowry, editor of Politico.

Many Democrats agree that former President Barack Obama was too cautious when launching a relief package of less than one trillion USD, not enough to meet needs after the 2008-2009 financial crisis.

Biden can actually pass stimulus and relief packages thanks to the so-called reconciliation rule in the Senate, in which he only needs 50 votes instead of 60 to stop the filibuster effort (the congressman kept talking to attend

Biden recently met with historians at the White House and former president Franklin D. Roosevelt was mentioned extensively in the discussion.

President Joe Biden spoke about the infrastructure spending plan in Pittsburgh on March 31.

Lowry believes that any US Democratic president would be jealous of the large amount of money Biden is releasing from the government budget.

With the first two major executive initiatives of his term, including the $1.9 trillion Covid-19 relief package signed a few weeks ago and the $2.3 trillion infrastructure bill, Biden is about to spend

American schools have received tens of millions of dollars from previous relief packages and now have about an additional $100 billion to upgrade infrastructure.

Biden believes he has plenty of time to promote major projects.

When the Democratic-controlled House of Representatives passed the $3 trillion Covid-19 relief package last May, it was the largest bill ever passed by a single chamber of Congress in American history.

Previously, the 2.2 trillion stimulus package signed by Trump in March 2020 was the largest spending bill to date in US history.

Part of Biden’s motivation for taking `big, bold action` now is to avoid what many Democrats see as a mistake by the Obama administration, when it scaled back bills in pursuit of support.

Like Biden, Obama came to power when the US economy was seriously devastated.

Trump also failed to sign any major major bills in the first month of his term.

Another factor in Biden’s approach is that the political dynamics of the Democratic party have changed over the past 12 years, with progressives increasingly influential.

However, editor Lowry questions when these funds are spent, will anyone realize the huge change the country has made thanks to the huge budget packages?

However, in the context of Biden’s fragile congressional majority, such trillion-dollar spending bills are seen as an alternative to passing policy changes that do not require other budget spending,

`What he could do, that Franklin D. Roosevelt or Lyndon B. Johnson could not, was use the word ‘trillion’ as much as possible,` Lowry commented.

Post Comment