Biden’s new budget ditches FDR-style spending ambitions — Hans Nichols

Summary:
Deficit down, military spending up. By focusing on deficit spending as a cause of inflation, administration officials are starting to parrot an argument Sen. Joe Manchin (D-W.Va.) made in rejecting Biden’s Build Back Better agenda: new programs that aren’t fully offset can drive up prices.The president also wants to assure Americans he'll increase defense spending in the face of new threats from Russia, and fund the police to keep Americans safe at home.AxiosBiden's new budget ditches FDR-style spending ambitionsHans Nichols

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