Will Joe Biden really squeeze the rich?
The American Recovery Plan Act: $1.9 trillion. The American Jobs Plan: $2 trillion. The American Family Plan $1.5 trillion. It’s fair to say that the Biden administration’s attempts to transform the country are adding up. We keep being told, by the very enthusiastic pro-Democrat press corps, not to underestimate the radicalism of the new president, and Joe Biden is eager to prove the point. He really is proposing to remold the American economy and his government is wasting little time. He and his advisers clearly take the FDR comparisons seriously. But the trouble with gargantuan government spending is that, even in the topsy-turvy world of pandemic economics, the people of the country eventually have to foot the bill.