How deficit spending could hand Congress to the Republicans

How deficit spending could hand Congress to the Republicans
Peter Morici
·4 min read

President Joe Biden’s $1.9 trillion American Recovery Act scored 75% public approval, and it is full of goodies for reliable Democratic constituencies—money for state budgets, union pensions, universities, and the like—often having little to do with the pandemic. Now his infrastructure package is full of spending having little to do with rebuilding America’s roads, bridges and the like, but this time Democrats in Congress may prove more difficultto unite. The price tag to repair America’s infrastructure and electrical grid, accelerate the build-out of windmills, solar power and electric vehicles, lessen inequality by making permanent the stimulus package’s one-year boost to the child, dependent care and earned-income tax credits and food stamps, harden supply chains for medical equipment and semiconductors, and boost R&D to meet the China challenge would require at least $1 trillion a year.