Tuesday, March 2, 2021

What would I have him cut?

Upon being criticized for his way-over-the-top goodie bag program, President Biden asked, “What would they have me cut? Here’s the easy half-trillion plus.  You got my vote Joe; and you won the election.  So you and your experts can find the other half-trillion minus needed to get this puppy in line with even a generous guess at the limits of prudence.

Item

Saving (in billions)

Reduce $1,400 to $700 in “helicopter” money

$211.0

Keep UI benefit supplement at $300 per week

$61.5

Cut state, local, territorial, tribal funds by half

$175.0

No minimum wage increase, per rules of order

$54.0

Limit added EIDL grants to $8,000

$3.0

Sharply reduce the foreign affairs line

$5.0

Total

$509.5

 

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