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President Biden’s Budget Reduces Living Standards

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President Biden’s Budget Reduces Living Standards
U.S. President Joe Biden delivers remarks alongside Prime Minister Lee Hsien Loong of Singapore in the East Room of the White House on March 29, 2022. Anna Moneymaker/Getty Images
Robert Genetski
Updated:
Commentary

President Joe Biden’s proposed 2023 budget includes new spending, new debt, and higher taxes. The plan comes with the same old promises of how these policies will “help the economy.”

Robert Genetski
Robert Genetski
Author
Robert Genetski is a public speaker, author, columnist, and one the nation’s leading economists. He has taught economics at the University of Chicago’s Graduate School of Business and NYU. His latest book is “Rich Nation, Poor Nation: Why Some Nations Prosper While Others Fail.” Genetski’s website is ClassicalPrinciples.com.
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