In stark contrast to “millions” of good jobs created As promised by Biden and his supporters, the Ivy League analysts project that the plan would have a net zero effect on employment, wages, and economic growth over both the medium-term (by 2031) and the long-term (by 2050).
Despite these meager results, the legislation would still add a whopping $351 billion to the national debt. For context, that’s roughly 2,500 in new debt per federal taxpayer.
thanks Biden. Doing what you can to create stagflation. The obamanomics redo
budgetmodel.wharton.upenn.edu
Despite these meager results, the legislation would still add a whopping $351 billion to the national debt. For context, that’s roughly 2,500 in new debt per federal taxpayer.
thanks Biden. Doing what you can to create stagflation. The obamanomics redo
Updated Bipartisan Senate Infrastructure Deal: Budgetary and Economic Effects — Penn Wharton Budget Model
The bipartisan Senate infrastructure deal, endorsed by President Biden, authorizes about $548 billion in additional infrastructure investments, which we estimate is funded by $132 billion in new tax provisions and $351 billion in new deficits. We project that proposal would have no significant eff
budgetmodel.wharton.upenn.edu
