Congress is forging ahead with a $1.1 trillion infrastructure bill. The measure has received bipartisan support, but many conservatives warn that now is not the time to put America in even more debt.
The government has increased America’s national debt by $5.2 trillion just since the start of 2020, but “adding to that with two more multitrillion-dollar spending packages over and above what they've already spent, that threatens to return us to the kind of inflation that we haven't seen in decades,” says David Ditch, a policy analyst in The Heritage Foundation’s Center for the Federal Budget.
In addition to the $1.1 trillion infrastructure bill, Democrats are also striving to pass a $3.5 trillion reconciliation package, which includes funding for universal day care, tuition-free community college, and climate change initiatives, among many other things.
“It's important to understand the $3.5 trillion package … would be the largest piece of legislation in the history of the world,” Ditch says.
Ditch joins "The Daily Signal Podcast” to explain what’s in each bill and the effect such aggressive spending will have on the American people.
We also cover these stories:
- Senate Democrats announce a $3.5 trillion budget they hope to pass through reconciliation, an obscure maneuver that would allow them to get it through the Senate with just 51 votes, sidestepping Republican opposition.
- One of the women who say New York Gov. Andrew Cuomo sexually assaulted them comes forward to tell her story to the public in detail.
- The United Nations' Intergovernmental Panel on Climate Change releases a new report full of dire predictions.
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