Saturday, April 20, 2024
spot_img
HomeEducation / CultureUS federal government spending craze

US federal government spending craze

Dear Sir

The Biden administration along with Congress is on a spending craze which will continue annual deficits of over $1 trillion.

The $1.9 trillion COVID-19 stimulus bill enacted in March and the previous COVID-19 stimulus bill in 2020 were necessary to combat the adverse impact of the pandemic.

The $2.2 trillion infrastructure program proposed by the administration is highly bloated with non-infrastructure elements. It should be restricted to repairing roads, replacing bridges and expanding broadband. This could reduce the infrastructure package to well below $1 trillion.

Biden’s “American Families Plan ” of $1.8 trillion includes funds for child care, family and medical leave, universal pre-K, and free community college. It should be postponed and looked at in the future.

As an aside, the current extra $300 per week in federal unemployment compensation should be discontinued by the States. It is keeping people from entering the workforce and significantly hurting companies and businesses that need employees.

The current administration’s spending spree has to be curtailed, and they need to effectively and efficiently prioritize and target their spending.

Donald Moskowitz

Londonderry NH

spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img
spot_img
spot_img

Caribbean News

PM Pierre expresses concern on the impact of misinformation

By Caribbean News Global TORONTO, Canada - Responding to the negative impact of misinformation, lies and inexactitudes, in the politics of Saint Lucia, Prime...

Global News

IMFC 49th meeting: Global situations have significant impacts on the global economy

- International Monetary and Financial Committee (IMFC) members discussed the global macroeconomic and financial impact of current wars and conflicts including the war in...