Democratic lawmakers are pushing the Biden administration to use deficit spending to pay for major aspects of his agenda.
President Joe Biden released his American Families Plan on Wednesday, one-half of a spending initiative to build U.S. infrastructure and create a host of new government social services and programs. The package totals $1.8 trillion in new spending. The other half of the spending initiative, the American Jobs Plan, costs another $2.7 trillion.
Progressive Democrats in Congress claim that the American Families Plan is too important to risk failing, dismissing concerns that Congress is not able to locate enough funds to pay for it. A group of senators is pushing to enact the American Families Plan through deficit spending that would further balloon the national debt.
“I’m not a big pay-for guy,” Sen. Brian Schatz (D-HI) told Axios. “I think some investments are worth deficit financing.”
“Nobody asks how we’re going to pay for the United States military,” Schatz said. “Nobody really asked how