The House Democrats are now rallying behind a budget resolution that calls for a $6.1 trillion single-year budget. When I first came to Washington in 1985, President Ronald Reagan passed the first $1 trillion budget bill. We were all aghast. Now, we are spending six times that amount, and no one blinks an eye.
Even worse, the Biden budget plan would authorize just under $4 trillion of borrowing in one single year. That is more debt than was allowed, adjusting for inflation, to finance the Revolutionary War, the Civil War, the Great Depression, World War I, and World War II.
The Democrats plan to use “reconciliation” instructions, which allow the Senate to pass spending and tax bills with only 51 votes in the Senate. They don’t need a single Republican vote. Call it the “unity” budget. Sen. Bernie Sanders said Democrats have earned the right to bankrupt the country because Republicans do it.
This bill has very little to do with coronavirus relief. Pelosi has inserted the $15 minimum wage, a $400 billion blue-state bailout to fund leaky government pension programs in states such as California and Illinois, and $130 billion for school funding, even though schools have been closed for 10 months. There is also a $400 per week bonus unemployment benefit that will pay most unemployed workers more money to stay home than go back to work and, of course, billions for the New York subway paid for by people living in Nebraska.
We are told this is “urgent” to stave off an economic “crisis.” Wait. Congress had already authorized $3.7 trillion in spending in five previous bills last year. The House Budget Republicans reported that there is still $1 trillion of unspent money from those bills. What ever happened to eating your dinner before you get your dessert?