Saturday, May 8, 2021

Excess Burden of Biden's Spending - True Cost

'$17 trillion': Economist finds Biden plans 3 times costlier than advertised

The $6 trillion price tag on President Biden's spending plans in just his first 100 days has turned heads, but it's only a fraction of the real cost, warns a Johns Hopkins economist.

Steve Hanke, a professor of applied economics director of the Troubled Currencies Project at the Cato Institute contended in a Wall Street Journal op-ed that the true cost is closer to $17.1 trillion.

Read about this SPEND, SPEND, AND SPEND some more and the hidden costs of Biden's plan.

2 comments:

Anonymous said...

Now tell us how much money he plans on collecting by raising taxes on the top 1%.

Go ahead. I'll wait.

Lynn Anderson said...

Are you talking about what Biden tells us or what economists tell us?