Is Biden’s Economic Plan Actually a Good Idea?
The news and commentary is mostly about the politics, while too little attention is paid to the policy.
What exactly is in his plan?
Photographer: JIM WATSON/AFPIf the biggest news is what’s not being talked about, then my candidate for the most neglected story would be President Joe Biden’s plan for $3.5 trillion in new government spending. Crazy as my hypothesis may seem, given all the stuff about Biden’s agenda on the internet, there has been remarkably little policy debate about it, and remarkably little attempt to persuade the American public that this spending is a good idea.
It’s not just that no one knows yet what exactly will be in the bill(s), which seem to be a combined effort of the White House and congressional Democrats. It’s that America’s intellectual and pundit class isn’t paying full attention. There was more passionate debate about AOC’s “Tax the Rich” dress.