Joe Biden’s $6 Trillion Budget Proposal Will Hike Spending, Keep Deficits Near Record Highs
“Biden’s plan would see the federal government spend “what amounts to nearly a quarter of the nation’s total economic output every year over the course of the next decade”—a threshold that has never been hit since World War II, with the exception of 2020 and 2021—while also collecting “tax revenues equal to just under one-fifth of the total economy,” which would also near a record high.
That really sums it up. Record levels of spending that would well exceed even a historically high share of the economy devoted to funding the government.
While Biden’s proposal does not envision budget deficits rising as high as they did last year—when the government spent $3.1 trillion more than it collected in tax revenue—his budget calls for deficits of at least $1.6 trillion for the foreseeable future, the Times reports. The national debt measured as a share of the economy’s overall size will exceed the all-time record high of 113 percent, set during World War II, by 2024. And it will keep growing.”
…
“Like all presidential budgets, Biden’s is mostly aspirational; Congress will have the final say. But with Democratic majorities in both chambers, something similar to the president’s proposal is likely to be adopted.
After Republicans effectively traded away any claim to fiscal responsibility during the Trump administration by backing bigger budgets and higher deficits, Biden rode into office with the chance to spend big with fewer of the usual political impediments. In his joint address to Congress last month, Biden promised to build “a union more perfect, more prosperous, and more just.”
Apparently it will also require more spending, more taxes, and more borrowing.”
The US military is finally withdrawing from Afghanistan
“The US has formally begun its withdrawal from Afghanistan after almost 20 years in the country, Army Gen. Austin Miller confirmed on Sunday. The news comes less than two weeks after President Joe Biden announced that all US troops would be out of the country by September 11, 2021 — a significant achievement that eluded his predecessors.
According to the New York Times, Miller, the top commander of US and NATO forces in Afghanistan, told reporters at a press conference in Kabul on Sunday that he had received his orders, and the US would begin “transitioning bases and equipment to the Afghan security forces.”
“All of our forces are now preparing to retrograde,” Miller said, according to a CNN report of the same press conference. “Officially, the notification date will be the first of May, but at the same time, as we start taking local actions, we have already begun that.”
Previously, the Trump administration had set May 1 as the deadline for withdrawing all US troops from the country as part of a deal struck with the Taliban in February 2020, but as of this month, the US had about 3,500 troops still in Afghanistan.
As Vox’s Alex Ward reported earlier this month, Biden inherited that promise, and essentially chose to extend the timeline for removal, but without the Taliban’s explicit approval.”
…
““War in Afghanistan was never meant to be a multi-generational undertaking,” Biden said. “We were attacked. We went to war with clear goals. We achieved those objectives. Bin Laden is dead, and al Qaeda is degraded … in Afghanistan. And it’s time to end the forever war.””
The US may still be helping Saudi Arabia in the Yemen war after all
“In February, President Joe Biden announced that he was ending America’s “offensive” support for Saudi Arabia’s war in Yemen, six years into the conflict that has killed around 230,000 people and triggered the world’s worst humanitarian crisis.
Instead, the US role would be limited to “defensive” operations “to support and help Saudi Arabia defend its sovereignty and its territorial integrity and its people.”
There’s just one problem: The line between “offensive” and “defensive” support is murky, and critics argue even the limited support the US is providing still helps Riyadh carry out its offensive bombing campaign in Yemen.”
…
“Biden’s policy sounds straightforward enough. For the past few months, the US made a clean break and no longer provides assistance to Riyadh’s ongoing strikes inside Yemen, right?
Not quite. That’s because the “defensive” support the US is still providing includes greenlighting the servicing of Saudi aircraft.
Multiple US defense officials and experts acknowledged that, through a US government process, the Saudi government pays commercial contractors to maintain and service their aircraft, and those contractors keep Saudi warplanes in the air. What the Saudis do with those fighter jets, however, is up to them.
The US could cancel those contracts at any time, thus effectively grounding the Saudi Air Force, but doing so would risk losing Riyadh as a key regional partner.”
…
“Riyadh, with its own money and at no cost to the US taxpayer, uses a US government program to procure maintenance for its warplanes. (That service likely was included when the Saudis bought the American-made warplanes.) It may not be the US military providing direct support, then, but the service was still greenlit by the US.”
…
“Saudi Arabia doesn’t have an Offensive Air Force and a Defensive Air Force. It just has the one aerial service that the US supports.
Still, the offensive part is relatively straightforward: The Saudis find a Houthi target inside Yemen they want to hit, and they bomb it.
But it gets more complicated when you consider what “defensive” might mean. As the Houthis continue to launch missile and drone attacks inside Saudi Arabia, Riyadh might decide to strike a few of the Houthis’ launch points to dissuade further assaults.
Would such a move be defensive or offensive? It’s unclear.
What is clear is that without the US-approved maintenance of Saudi fighters, Riyadh wouldn’t really have the option of launching such retaliatory responses. “They’d be able to fly two out of every 10 aircraft,” said Des Roches. That would give the Houthis an edge in the ongoing fight.”
…
“it seems likely that US-authorized contractors maintaining Saudi warplanes are indirectly involved in helping the Saudis carry out “offensive” operations, however one defines them. “If we’re servicing the planes that are fighting the war, we’re still supporting the war,” said the Democratic congressional aide. That the contract remains in place, after all, is a policy decision. The US could also decide to maintain other equipment and provide training instead of keeping Saudi aircraft in the sky.
But it’s also true that without the maintenance support, Saudi Arabia would be further exposed to all kinds of attacks from the Houthis (and others). And after nixing the contract, the decades-old ties between Washington and Riyadh might not just spiral downward but sever entirely.”
The White House can raise taxes on the wealthy without touching the tax code at all
“President Joe Biden wants to raise taxes on the wealthy to pay for some of his policy proposals. Part of the way he can go about that doesn’t entail touching the tax system at all — instead, he’d just have to put the IRS to work chasing down rich people to make sure they’re paying taxes they already owe.”
…
“The most recent official tax gap estimate from the IRS, from 2011 to 2013, was that it amounted to $441 billion each year. That’s a big sum already, about 16 percent of total tax liability those years. But there’s reason to believe the gap is much higher — and that wealthy people are often to blame.”
…
“The IRS’s total budget is down by some 50 percent since 1993 as a share of gross tax collections, and appropriations for the IRS — adjusted for inflation — have fallen by 20 percent since 2010, and after Republicans in Congress sought to curtail its budget. It’s lost thousands of enforcement staff. And its enforcement abilities directly affect revenue, not only by collecting unpaid taxes but also by influencing behavior. If people know that the IRS is going to come after them for skirting taxes, they’re less likely to try it. Rettig told the House Ways and Means Committee at a recent hearing that the number of examining revenue agents, who are tasked with handling complex cases, fell by 35 percent since 2010, and field collection revenue officers, who manage the harder collection cases, fell by 48 percent. The audit rate for millionaires fell from 8.4 percent in 2010 to 2.4 percent in 2019.”
…
“Biden’s proposal to inject funding into the IRS could go a long way in reviving the agency. Because the IRS’s budget is generally determined year by year, it makes it hard to staff up or invest in technology for the long term. Agents with the experience and know-how to deal with complex audits can take years to train and replace.
“One of the key things in this proposal is not just the money, it’s that it’s a multi-year stream of funding that would allow them to plan it and spend it out over a multi-year period,” Hanlon said.”
America is making climate promises again. Should anyone care?
“in the context of US politics, it reflects the will of a party that is likely to lose control of Congress in 2022. Even in the best-case scenario, it won’t hold Congress all the way through 2030. It can’t help but rely, for any 2030 goal, on some help from Republicans — which it can’t rely on and certainly can’t promise to the international community.”
“Wokeness is a problem and we all know it”
“Right, but we can’t say, “Republicans are going to call us socialists no matter what, so let’s just run as out-and-out socialists.” That’s not the smartest thing to do. And maybe tweeting that we should abolish the police isn’t the smartest thing to do because almost fucking no one wants to do that.
Here’s the deal: No matter how you look at the map, the only way Democrats can hold power is to build on their coalition, and that will have to include more rural white voters from across the country. Democrats are never going to win a majority of these voters. That’s the reality. But the difference between getting beat 80 to 20 and 72 to 28 is all the difference in the world.
So they just have to lose by less — that’s all.”
…
“You ever get the sense that people in faculty lounges in fancy colleges use a different language than ordinary people? They come up with a word like “LatinX” that no one else uses. Or they use a phrase like “communities of color.” I don’t know anyone who speaks like that. I don’t know anyone who lives in a “community of color.” I know lots of white and Black and brown people and they all live in … neighborhoods.
There’s nothing inherently wrong with these phrases. But this is not how people talk. This is not how voters talk. And doing it anyway is a signal that you’re talking one language and the people you want to vote for you are speaking another language.”
Joe Manchin wants to save Democrats from themselves
https://www.vox.com/22339531/manchin-filibuster-bipartisanship-senate-west-virginia
The Supreme Court’s conservatives are quaking over cancel culture
https://www.vox.com/22404001/supreme-court-cancel-culture-americans-for-prosperity-bonta-california-alito-thomas-gorsuch
It’s Not Just Young White Liberals Who Are Leaving Religion
“Compared to the U.S. population overall, nonreligious Americans are younger and more Democratic-leaning. But the number of Americans who aren’t religious has surged in part because people in lots of demographic groups are disengaging from religion — many nones don’t fit that young, liberal stereotype. The average age of a none is 43 (so plenty are older than that). About one-third of nones (32 percent) are people of color. More than a quarter of nones voted for Trump in 2020. And about 70 percent don’t have a four-year college degree.”