Current Administration: We will spend more money to solve this problem that was created by spending too much money!

Current Administration:

We will spend more money to solve this problem that was created by spending too much money!

— Amy Nixon (@texasrunnerDFW) June 28, 2024

• Infrastructure and Climate Spending:
  • President Joe Biden has pushed for $1.6 trillion in climate and infrastructure investments. This includes tax credits, direct spending, and grants.
  • Approximately $125 billion has been spent under Biden’s infrastructure and pandemic relief laws, while an additional $89 billion has been announced under other laws.
  • Notably, the Inflation Reduction Act allocates $145 billion for energy and climate programs, with roughly $60 billion in tentative funding decisions announced1.
• Overall Budget:
  • The federal government’s total spending is substantial. In 2023, it included:
    • Transfers: $3.19 trillion (redistribution)
    • Aid to States: $1.15 trillion
    • Interest: $0.95 trillion
    • Purchases: $0.84 trillion
    • Worker Compensation: $0.56 trillion.
• Biden’s Proposed Budget:
  • President Biden’s proposed budget for fiscal year 2022 exceeded $6 trillion, surpassing former President Trump’s budget proposal.