Biden unveils largest US budget in history fueled by massive social spending
President Biden on Friday released his massive $6 trillion budget for fiscal 2022 pushing a surge in spending on social programs and broadly defined infrastructure through tax hikes on businesses and higher-earners.
The budget — which would set the US on course for higher spending as a percent of the economy than ever before and continue to balloon the national debt — calls for a 16-percent increase in non-defense spending. But it’s also an aspirational document that requires Congress to enact it.
Critics of Biden’s first budget say it would undermine the...