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Biden's $6T budget predicts tepid economic growth for the decade
The real cost of Biden’s $6T budget
FOX Business’ Blake Burman on what America knows about the Biden proposed budget so far.
President Biden's budget blueprint predicts modest economic growth during his presidency and beyond, despite the rosy rhetoric Biden has projected on how a federal spending spree is needed to spur on job creation.
Tucked into Biden's massive $6 trillion budget proposal he released Friday is a chart on White House assumptions on gross domestic product (GDP) gains through 2031 and it reveals the White House is not projecting any long-term economic boom.
The Biden administration predicts a healthy rebound from the coronavirus doldrums of 5.2% growth in 2021, but by 2023 economic growth will reach just 2% when adjusted for inflation.