After suffering the ill effects of two decades of flawed fiscal and monetary policy, the middle class badly deserves a change of course.
Posted BY: Jasmine | NwoReport
Joe Biden’s recent budget for the fiscal year 2024 comes with a glaring contradiction hiding in plain sight. To wit, the policies pursued by “Middle-Class Joe” — a sobriquet that The Washington Post notes Biden bestowed upon himself — will only work to accelerate the demise of the working classes. After suffering the ill effects of two decades of flawed fiscal and monetary policy, the middle class badly deserves a change of course.
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On the surface, the budget seems like a boon to the middle class, proposing ever-larger government largesse. The fiscal plan includes “free” child care, universal preschool, a permanent extension of enhanced Obamacare subsidies, money for home-based care in Medicaid, “free” community college, and paid medical and family leave — all funded by higher taxes on “the rich” and corporations. Not long after the party attacked Republicans for fighting two wars on three tax cuts, Democrats apparently believe they can reduce the deficit by creating or expanding half a dozen entitlements.
