Biden’s Multitrillion-Dollar Gamble

It could pay off, but only if voters actually see that roads and bridges are being built and improved

Peggy Noonan in the Wall Street Journal –

The Covid relief bill President Biden signed March 11 weighed in at almost $2 trillion. The infrastructure bill also comes in at almost $2 trillion, and in a few weeks there will be a companion bill of the same magnitude.

It’s all big and bold, and you can see it making a million possible messes, from the usual (How much ideological mischief is hidden in there?) to the existential (Don’t debt and deficits matter anymore? Isn’t inflation something to worry about?). But yes, the White House is in a New Deal state of mind, they’re rocking the Casbah, they feel they’ve got the wind at their back, and at this point they’re more or less right.

But this is a whole lot of spending and taxing in the first hundred days. It’s a big political gamble.

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About Radnor Reports

Ken Feltman is past-president of the International Association of Political Consultants and the American League of Lobbyists. He is retired chairman of Radnor Inc., an international political consulting and government relations firm in Washington, D.C. Known as a coalition builder, he has participated in election campaigns and legislative efforts in the United States and several other countries.
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