President Biden has submitted his 2022 budget, which comes in at $6 trillion. That would be the highest level of government spending since World War II. And it signals the biggest, most all-encompassing government in our nation’s history. And it would force all taxpayers to pay for abortions.
The magnitude of this level of spending is hard to comprehend. The budget projects spending to grow even more, to $8 trillion, by 2031. The budget runs a deficit of $1.8 trillion, and it will continue to run a deficit of at least $1.3 trillion for every year for the rest of the decade. By then, the deficit will be 117% of the entire economy. In just two years, federal indebtedness as a share of the entire national economy will exceed what it was during World War II, when the nation was completely mobilized in a fight for its life. Yet today we have no war, no depression, and are in the beginnings of an economic boom. We’ll see if that can last if this scale of government spending comes to pass.
But fear not, says the budget. Tax increases will also accumulate and will begin to cut the deficit beginning in the 2030s.
Do you realize how much taxes will have to soar in order to cover this much spending? President Biden assures us that only businesses and the wealthy will pay more taxes. But will there be enough businesses and wealthy people left, once this kind of spending impacts the private economy? Or will inflation–the inevitable consequence of so much new government-printed money being injected into the economy–put us all in the category of being wealthy, as we push our wheelbarrows of cash to the grocery store, even though most things will be too expensive for us to buy?
The budget also includes his abortion plan. It scraps the Hyde Amendment, which prevents federal funds–that is to say, taxpayer money–from paying for abortions.
Democratic as well as Republican presidents and lawmakers have supported this provision ever since it was enacted in 1976. It has been included in every federal budget since that time. Until now.
Estimates are that the Hyde Amendment has saved some 50,000 lives per year, for a total of more than 2 million.
But Democrats want Medicaid, the government’s health plan for poor people, to pay for abortions. They are even framing it as a social justice issue, saying that the lack of Medicaid coverage is racist because it discriminates against Black people. As if the priority of aborting Black children were not itself racist to the core.