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Proposed Budget and Debt Ceiling Debate
This chapter discusses Joe Biden's proposed budget, including measures to reduce deficits through taxes on the wealthy and large corporations. It also explores the contrasting positions of Democrats and Republicans, with Democrats focusing on raising taxes and expanding the social safety net, while Republicans propose cuts to various programs. The chapter also delves into the ongoing debate and potential consequences of breaching the debt ceiling, considering the strategies of both parties and the concept of debt prioritization.