There are at least 11 trillion reasons to be very scared about what comes next.
There are at least 11 trillion reasons to worry about what Joe Biden wants to do to our economy and freedoms. He campaigned on a platform that The Washington Post called „more liberal than that of every past Democratic nominee.“ He’s bad news not just for the economy but for a wide range of libertarian concerns, such as school choice, individual autonomy, and the First and Second Amendments. When Biden warned in the last presidential debate that we’re entering a „dark winter,“ he was referring to COVID-19, but his own policies are most likely to keep us stuck at home and out of work. Biden is proposing $11 trillion in brand-new spending over the next decade. Among his biggest-ticket items are $1.4 trillion to expand Obamacare; $2 trillion for his version of the Green New Deal; $1 trillion in new Social Security and Supplemental Security Income spending; and 1.5 trillion more dollars for preschool, K-12, and higher education. He has also signed on to a $3.3 trillion stimulus spending plan pushed by House and Senate Democrats. That all comes after nearly $7 trillion in federal spending this past year, up from a then-record $4.
