Editorials

Biden is gambling with other people’s money

By Washington Examiner
Published February 22, 2021 5:00am ET
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Biden is gambling with other people’s money
Blank stimulus checks are seen on an idle press at the Philadelphia Regional Financial Center, which disburses payments on behalf of federal agencies, in Philadelphia, Thursday, May 8, 2008. The first batch of rebate payments started hitting bank accounts last week through direct deposits. Treasury Secretary Henry Paulson, Vice President Dick Cheney and other Bush administration officials are visiting government check printing centers around the country on Thursday for events highlighting the fact that millions of rebate checks are in the mail. | (Matt Rourke/AP)

By pushing a $1.9 trillion spending bill, on top of trillions in extraordinary spending on other priorities, President Biden is gambling that near-record levels of federal debt no longer matter.

He is making that gamble with other people’s money. If his bet doesn’t pay off, it will be younger generations left cleaning up the mess long after he is gone.

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Budgets COVID-19 Joe Biden National Debt