If you supported Joe Biden’s 2008 presidential campaign, his proposed budget will disappoint you.
The Democratic president proposed a $6 trillion budget for fiscal year 2022. If enacted, this would result in a $1.8 trillion deficit for the year. While former President Donald Trump was no fiscal hawk, the federal government spent $4.4 trillion and ran a $984 billion deficit in fiscal year 2019, the last pre-pandemic budget.
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