The ’90s are back. Influencers on TikTok are wearing crop tops, ’90s entertainment franchises such as Mortal Kombat are being rebooted, and “the era of big government” is back in the news.

But though President Bill Clinton declared “the era of big government is over” during that decade, a time when the government actually saw budget surpluses rather than eye-popping deficits, the era of big government seems very much back on the heels of President Joe Biden’s address to Congress spelling out a long list of pricey policy proposals.