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The New York Times
BREAKING NEWS
Biden aides are set to recommend spending up to $3 trillion to help the economy, cut emissions and fight inequality. First: a huge infrastructure plan.
Monday, March 22, 2021 1:16 PM EST
After months of internal debate, President Biden’s advisers are expected to present a proposal to the president this week that recommends carving his economic agenda into separate legislative pieces, rather than trying to push a mammoth package through Congress, according to people familiar with the plans and to documents obtained by The New York Times.
The total new spending in the plans would likely be $3 trillion, a person familiar with them said. That figure does not include the cost of extending new temporary tax cuts meant to fight poverty, which could reach hundreds of billions of dollars, according to estimates prepared by administration officials. Officials have not yet determined the exact breakdown in cost between the two packages.
The New York Times
Me: not bad for a country which under Obama ran out of money at the end of each year. So who pays for the money spent when there are no gold reserves in Fort Knox?
