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President Biden Economics

President Biden Economics

| January 28, 2021
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Joe Biden is our nation’s 46th president and he campaigned on an economic plan for the next ten years of $7.3 T in spending. Of the 7.3 T, 2.4 T is on infrastructure, 1.9 T on education and 1.5 T on both social welfare programs and healthcare according to Moody’s Analytics*.

The $7.3 T in spending would be paid for with 4.1 T of new taxes and 3.2 T of new government debt.

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*According to Moody’s Analytics’ “The Macroeconomic Consequences of the 2020 Presidential Candidates’ Economic Policies.”

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