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Biden makes big government feel inevitable

Published Apr 29 2021 at 9:55 AM GMT
Key
Points
  • Americans are troubled by our soaring national debt and deficit.
  • A Gallup poll in early March found 49 percent worry a "great deal" about debt-funded federal spending, and another 28 percent worry a "fair amount.
  • Fewer than one in 10 said they don't worry at all.
  • My colleague Ryan Cooper believes "How are you going to pay for that?" is the "dumbest question in politics," but it is nevertheless a question Americans persistently ask.
  • When that Gallup survey was conducted, the national debt was around $28 trillion, higher than our GDP for the first time since World War 2 That month, President Biden signed the $1.9 trillion American Rescue Plan (which spent a lot of money on things unrelated to the COVID-19 pandemic).




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  • Published Apr 29, 2021 9:55 AM GMT