Biden Budget Should Build Back Even Better

Biden Budget Should Build Back Even Better
(AP Photo/Patrick Semansky)
President Biden’s inaugural annual budget request, which encompasses only discretionary spending (about a third of the federal budget), is a $1.52 trillion proposed investment in the federal government. The rest of the request, to be released later this spring, will include tax reforms and mandatory spending (which includes programs like Social Security, Medicare, and Medicaid) and provide a fuller picture of the administration’s priorities.

What we have now reflects a necessary step toward rebuilding government capacity and the civil service. Biden’s budget restores non-defense discretionary funding to 3.3 percent of GDP, close to the average over the last 30 years. But after decades of chronic underinvestment, Biden’s budget request is insufficient to undo all of that damage. For someone aspiring to an FDR-sized presidency, Biden—and Congress—must go much bigger to meet the needs of the American people.
Read Full Article »


Comment
Show comments Hide Comments


Related Articles