Breaking: Biden Team to Propose $3 Trillion in Fresh Stimulus Spending

The Biden economic team is preparing a proposal for a new round of stimulus spending. According to a report in the New York Times, the Biden Administration is seeking $3 trillion to reduce carbon emissions, improve infrastructure, reduce income inequality, and boost the economy.

Numerous critics argue that this is too much spending and that debt levels are unsustainable. Former Treasury Secretary under Bill Clinton, Larry Summers, blasted the administration’s macroeconomic policies calling it the least responsible in 40 years.

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