The Biden administration presented the most expensive budget in US history Washington – US President Joe Biden has proposed his first annual budget since taking office, estimated at 6 trillion.
According to the international news agency, US President Joe Biden has proposed a budget of 60 trillion dollars. Former President Donald Trump’s last budget was 4 4 trillion 8 billion while all the budgets of his administration were in deficit.
US President Joe Biden has the largest budget allocation for the social sector and climate change, while the Pentagon has proposed 1.5 trillion. The proposals include 800 800 billion on climate change, 200 200 billion for free primary education for children up to 4 years, 10 109 billion for college students, 22 225 billion for family welfare and medical benefits, 11 115 billion for roads and bridges, 160 160 billion.
Railways and 100 100 billion have been earmarked for broadband Internet access to every American citizen’s home. Biden’s plans will increase debt to 117 percent of GDP by 2031, higher than World War II levels, and Biden’s budget plans will impose a 3 trillion tax burden on domestic corporations and businesses.
Republican Senator Lindsay Graham called the budget “extremely expensive,” but the proposed budget has yet to be approved by Congress. On the other hand, Biden says the budget is a direct investment in the American people and will strengthen our economy and improve long-term financial health.