Trillions of Dollars and Little Sense in 2021 Budget Document

money bags

Photo by 401kcalculator.org, published under Creative Commons license

“The president is either brazenly lying about his 2021 budget or doesn’t know what’s in it,” writes Aaron Rupar at Vox.

Budgets are moral documents, meaning that where we put our money reflects what we believe and value. This record $4.8 trillion budget plan is a fairly immoral document. Luckily, it is a wish list and political platform, not a serious proposal with a chance of becoming law. If you want to know what’s in it, read on for a short and not-so-sweet summary, distilled from half a dozen news sources.

“The budget does not mention climate change. It also states misleadingly that air pollutant emissions dropped between 2016 and 2018, and credited the Trump administration with overseeing “some of the cleanest air and water in the world” while eliminating clean air and water regulations.

“After a decade of improvement in air quality nationally, federal data last year showed that fine particulate pollution has increased in the last two years.”

The deficit is the measure of how much spending exceeds income in each year. The national debt is the cumulative consequence of borrowing year after year to make up deficits. This budget projects a $3.4 trillion increase in the national debt by 2024.

While it will take up Congressional time and political space, this remains a fantasy budget, with zero chance of being passed by Congress. For that, at least, we can be thankful.

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