What’s Inside Sen. Sanders’ $3.5 Trillion Budget
August 12, 2021 | District of Columbia, New York, Vermont
On Aug. 11, Senate Majority Leader Chuck Schumer (D-N.Y.) publicly released the full text of Sen. Bernie Sanders’ (I-Vt.) $3.5 trillion budget proposal. A few hours later, the Senate narrowly confirmed the budget 50-49. Now, the budget must win approval from the House of Representatives after they return from their recess.
The outline is expected to be the first step in the Democrats’ ambitious plans for increased Federal spending on “human infrastructure,” including education, health care, and housing initiatives. However, the resolution does not include an increase to the debt ceiling, setting the stage for another political battle when Congress returns.
On Aug. 9, Sanders discussed the components of this ambitious plan on the Senate floor, saying that that the $3.5 trillion budget proposal and reconciliation bill would be “the most consequential and comprehensive piece of legislation for working people… that [the Senate] has addressed since Franklin Delano Roosevelt.”
Some of the expenses in Sanders’ budget are nothing new—around $800 billion annually for national defense, $70 billion annually for international affairs and foreign aid, $45 billion for research, NASA, and other scientific pursuits, and $20 billion in subsidies for farmers. Still, many of the expenses listed here are new and ambitious… (Excerpts from the Epoch Times)
