During decades-high inflation, $3.5 trillion will be spent by Joe Biden and congressional Democrats, with conservative assistance.
“Biden will go down in history as one of the largest legislatively successful presidents in the modern era,” wrote Ryan Lizza and Eugene Daniels on Politico Playbook.
Biden has been able to pass a significant legislative agenda despite the fact that Democratic congressional majorities are just four members in the House and one member in the Senate. It’s also worth noting that Biden has spent a significant amount of money throughout his term so far. This includes:
- Biden’s coronavirus relief bill, which was worth $1.9 trillion.
- The $550 billion “Infrastructure Investment and Jobs Act.”
- The $280 billion Creating Useful Incentives for the Semiconductor Production (CHIPS) bill.
- The $700 billion Inflation Reduction Act.
These expenditures total $3.5 trillion and cover a variety of leftist objectives such as “the epidemic and its economic impact, highways, rail, bridges, broadband, science, manufacturing, prescription drug prices, health insurance, climate change, deficit reduction, and tax equity.”
This spending has followed as Americans are continuing to reel from the record-high inflation.
Biden has expanded NATO to include Sweden and Finland, as well as passed gun control legislation.
Biden’s bill was passed in large part due to the support of congressional Democrats, but Congressional Republicans frequently gave Biden the votes he needed to push his agenda forward.
For example, 13 House Republicans and 19 Senate Republicans provided the necessary votes for the so-called infrastructure bill to pass.
The CHIPS Act received the support of fourteen Senate Republicans and a large number of House Republicans.
Senate Republicans pushed for the CHIPS Act after believing that a deal on a reconciliation measure was not being negotiated. This removed any bargaining power that Republicans had over the Inflation Reduction Act.
With no more roadblocks in his way, Sen. Joe Manchin (D-WV) and Sen. Chuck Schumer (D-NY) unveiled their legislative framework, and they are ready to pass the bill in the Senate. The bill is expected to be voted on this coming week.
Cooperation between the two parties has even expanded to broad domestic and foreign issues.
Fifteen Senate Republicans and 14 House Republicans sided with the Democrats to approve gun control legislation.
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