Infrastructure or Democratic Wish List? What to Know About Those $1.1 Trillion and $3.5 Trillion Spending Bills
August 10, 2021 | District of Columbia
Congress is forging ahead with a $1.1 trillion infrastructure bill. The measure has received bipartisan support, but many conservatives warn that now is not the time to put America in even more debt.
The government has increased America’s national debt by $5.2 trillion just since the start of 2020, but “adding to that with two more multitrillion-dollar spending packages over and above what they’ve already spent, that threatens to return us to the kind of inflation that we haven’t seen in decades,” says David Ditch, a policy analyst in The Heritage Foundation’s Center for the Federal Budget.
In addition to the $1.1 trillion infrastructure bill, Democrats are also striving to pass a $3.5 trillion reconciliation package, which includes funding for universal day care, tuition-free community college, and climate change initiatives, among many other things.
“It’s important to understand the $3.5 trillion package … would be the largest piece of legislation in the history of the world,” Ditch says.
Ditch joins “The Daily Signal Podcast” to explain what’s in each bill and the effect such aggressive spending will have on the American people. …
(Excerpts from the Daily Signal)
