‘Absolutely Unsustainable’: Joe Biden’s Plans Would Increase Spending By $11 Trillion Over 10 Years, Report Says

Vice President Joe Biden’s plans, ranging from health care and social security to climate and infrastructure, would far exceed projected tax increases, according to a Manhattan Institute report.

by Thomas Catenacci
DailyCaller.com

Democratic presidential candidate Joe Biden’s economic proposals would increase federal spending by $11 trillion over the next 10 years, increasing the deficit and potentially leading the U.S. toward a debt crisis, experts said.

Vice President Joe Biden’s plans, ranging from health care and social security to climate and infrastructure, would far exceed projected tax increases, according to an October 2020 Manhattan Institute budget report. With tax revenue projected to increase by $3.6 trillion over ten years under Biden, his administration would oversee a deficit increase of $7.4 trillion by 2030.

“The policies he’s proposing are going to endanger the economy over the long term,” Brian Riedl, Manhattan Institute senior fellow and author of the report, told The Daily Caller News Foundation.

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