President Biden's first year in office was marked by massive spending bills
President Biden's first year in office was full of plans – some realized, some not – to spend massive amounts of money in the name of causes, including pandemic relief, infrastructure and climate change.
In total, by the end of 2021, the federal government had spent $6.82 trillion, up from $6.6 trillion the year before. During that time, it brought in $4.05 trillion, resulting in a deficit of $2.77 trillion, according to the Datalab at usaspending.gov.
WHITE HOUSE LOOKS TO REVIVE SPENDING BILL NEGOTIATIONS WITH MANCHIN
The biggest piece of spending was the American Rescue Plan, a $1.9 trillion package aimed at giving Americans a boost after the economy took a severe hit due to pandemic-related shutdowns.
The American Rescue Plan included $569.5 billion in Economic Impact Payments, stimulus checks that gave many families $1,400 per person.
On top of this was an increase in the Child Tax Credit from $2,000 per child to $3,000. In total, the government spent $79 billion on child tax credit payments.
An additional $350 billion was earmarked for emergency funding for state, local, territorial and tribal governments to address the COVID-19 pandemic.
https://www.foxbusiness.com/politics...e-covid-relief
This guy is killing the American Dream
Doc Dutch finally admits he is a steaming pile of chickenshit!
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