The $4 Trillion Forecast for Biden: ‘Go Woke, Go Broke’
By Lawrence Kudlow, NY SUN
With all respect to President Biden — my criticisms are never personal but always based on policy — his statement yesterday on the proposals in his $4 trillion spending plan is malarky.
“If we increase the availability of quality, affordable child care, elder care, paid leave, more people enter the workforce,” he said. “These steps will enhance our productivity, raising wages without raising prices. That won’t increase inflation. It will take the pressure off of inflation.”
This is the most perverse economic recitation I can ever recall. His advisers have sold him a bill of goods — that so-called government investment, which is really a progressive euphemism for government spending. His idea is that, indeed, massive social spending without work requirements or employment incentives is somehow going to boost the economy.






