by Mitch Kokai
Senior Political Analyst, John Locke Foundation
David Ditch delves into details of congressional Democrats’ massive spending plan for the Daily Signal.
Most legislation focuses on specific issues, which makes it possible to have constructive debate. However, this bill covers welfare, immigration, taxes, energy, families, and much more, making it extremely difficult to comprehend.
Providing context on this tax-and-spend bill’s size and cost helps bring into focus just how radical it is, and why some Democrats are now pushing back against it.
1. $27,000 Cost Per Household
The U.S. Census Bureau’s 2020 data shows that there are 128.5 million households in the United States. If we divide the cost of the $3.5 trillion package across each household, the numbers are substantial in relation to a typical family budget.
This legislation would cost over $27,000 for every household in America. That’s more than the cost of a brand new Toyota RAV4 sport utility vehicle, or five years of groceries for a typical family, or 13 years of clothing purchases and tailoring for an average household. …
… 2. A 111-Year Spending Spree
Stores will occasionally have a contest where the winner gets to buy as much as he or she can over the course of a few minutes. Even under those circumstances, in most stores it would be impossible to grab $1,000 of goods per second.
The $3.5 trillion spending bill equates to spending $1,000 per second for 111 years straight.
Yet the spending would be crammed into just a decade, meaning that the legislation would enable a spending spree of over $11,000 per second for those 10 years.
What would Congress buy with all that money? An army of taxpayer-funded climate activists, new welfare programs that would disincentive work, corporate welfare for politically favored sectors like journalism and “green” energy, and an increased risk of 1970s-style inflation.
That’s not a good deal for the American public.
3. Far More Expensive Than Major Programs
The $3.5 trillion spending bill is enormous even when compared to other major pieces of legislation and long-term federal programs.