Remember when the United States taxed and spent its way out of debt and into prosperity?
Me neither. But that's what the Biden administration wants to try.
Earlier on Monday, President Joe Biden rolled out his massive, treasury-busting budget proposal, which includes, among other wackadoodle items, yet another attempt to tax the nation into prosperity. Fortunately, House Republicans are already preparing to round-file the whole thing.
House Republican leaders are blasting President Biden’s proposed plan for how to fund the government in fiscal year 2025.
"The price tag of President Biden’s proposed budget is yet another glaring reminder of this Administration’s insatiable appetite for reckless spending and the Democrats’ disregard for fiscal responsibility. Biden’s budget doesn’t just miss the mark – it is a roadmap to accelerate America’s decline," read a joint statement by House Speaker Mike Johnson, R– La., Majority Leader Steve Scalise, R– La., Majority Whip Tom Emmer, R– Minn., and GOP Conference Chair Elise Stefanik, R– N.Y.
"While hardworking Americans struggle with crushing inflation and mounting national debt, the President would increase their pain to spend trillions of additional taxpayer dollars to advance his left-wing agenda."
The U.S. national debt is currently just over $34.5 trillion, according to the U.S. Debt Clock.
In other words, we're broke, the national debt is probably well past the point of no return, and yet the Geriatric-in-Chief is still proposing spending, spending and more spending, and some economy-ruining taxes into the bargain.
Biden’s $7.3 trillion budget plan, which he unveiled Monday, includes proposals to hike taxes on corporations and high-income households. It lays out roughly $5 trillion in tax increases overall, which the White House said would be split evenly between corporations and the top 2% of earners.
It also aims to push forward his progressive policies, like dedicating $8 billion over 10 years to the American Climate Corps and $3 billion for the Green Climate Fund, which helps developing countries fight climate change.
The budget proposal also includes $1.8 billion toward boosting development programs in the STEM fields that have an emphasis on diversity, equity, inclusion and accessibility.
Take special note of that last paragraph; STEM programs are one of the few remaining areas of American academia that are fulfilling the proper role of education, namely, producing young adults with marketable skills, and the Biden administration wants to DEI them into worthlessness. Add that to the endless stream of tax-and-spend that the Biden administration has in this abomination of a budget.
Previously on RedState: Biden Trots Out Massive Tax and Spend Proposal, Absurdly Believes He Can Spend America to Prosperity
Biden Fact-Checked Into Low Orbit Over Billionaire Tax Claim
Fortunately, it looks like the budget will be dead on arrival in the House, where — supposedly — House Republicans have their own plan.
The budget is largely symbolic and has virtually no chance of passing the Republican-controlled House.
However, it is a significant part of the president’s pitch to voters as he seeks to win another term in November.
House Republicans advanced their own budget last week, led by Budget Committee Chairman Jodey Arrington, R-Texas, aimed at cutting $14 trillion in federal spending over 10 years by slashing federal benefits and social programs, among other areas. It also aims to reduce taxes and roll back Biden’s green energy subsidies.
Cutting spending sounds good, but from these scanty details, it sounds a lot like the House GOP is papering over the real problem. If reducing federal spending is the goal, there's an awful lot more that could be done, like eliminating entire cabinet-level agencies that have no constitutional authorization to even exist. We could start with Energy, Education, Labor, Commerce, Health and Human Services, and the Environmental Protection Agency, just to name a few. We could do away with the Bureau of Alcohol, Tobacco, and Firearms while we're at it, and since we're dreaming, why not the FBI? What law enforcement just has to be done at the federal level could be rolled into the U.S. Marshals, and the rest sent down to the states to deal with.
The Democrats have, of course, always been the party of big spending. The Republicans have, historically, been the party of slightly less big spending. It would be nice, given the fiscal mess the country is in now, to have someone proposing to really do something about the size, scope, and expense of the federal government.
We sure could use our own home-grown Javier Milei right about now.
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