Exploring Biden's Fiscal Policies and Economic Implications

This chapter examines the intricacies of the Biden administration's fiscal policies, particularly focusing on the American Rescue Plan and its long-term implications. It discusses the balance between aggressive spending and the potential consequences of rising national deficits, including inflation and public perception. Additionally, the chapter reflects on the political ramifications of fiscal decisions leading into the 2024 election cycle and critiques the structure of significant new legislation affecting the economy.