President Joe Biden released his administration’s first budget on the afternoon before Memorial Day weekend, a sign that the president hopes many of its details will escape public notice.
Biden has proposed spending over $6 trillion each and every year of his first term—around 35 percent more than the government was spending pre-pandemic—and during his second term also, if he wins reelection.
His budget appears to be designed in part to secure that reelection. Much of what will likely be the most popular projects really get ramped up in 2025. In other words, Biden is promising in his budget big payouts in his second term.
For example, the budget proposes $5.1 billion for repairing roads and bridges in fiscal year 2022. That jumps to $13.4 billion in 2023, $17.4 billion in 2024, and then to $19.7 billion in 2025 and $21.6 billion in 2026. A proposal to “modernize