Is America serious about survival in this increasingly dangerous world? President Joe Biden’s $5.8 trillion budget says no. So does the recent $1.5 trillion earmark-filled spending bill. They send the message that America doesn’t care about the fiscal sanity and economic strength on which our national security depends.
There is never a good time to send that signal. But the worst time is right now, as Russia invades Ukraine and threatens nuclear war, and China aims to dominate the world. Instead of preparing to defend our freedom and vital interests, President Biden and Congress are undermining the domestic foundations of our global leadership. Their failure puts our future at risk.
That’s the essential point of Biden’s budget. It hikes federal spending by a third compared to pre-pandemic levels, doubling down on the debt and deficits that are destroying opportunity for our children and grandchildren. He’s also demanding $2.5 trillion in tax hikes, which will undermine our economy for generations to come. And then there’s the recent spending bill, which brought back earmarks – more than 4,000 of them, in fact. They are the grease to Washington’s spending wheel, which is spinning faster than ever and set to get worse. Overspending is clearly a bipartisan pandemic.