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No. of Recommendations: 10
Of the $1.2T infrastructure bill, $650B is just adjusting money previously allocated for infrastructure. Only $550B of the spending is newly allocated money. But that doesn't mean $550B in new spending. $200B of that is repurposing unspent COVID relief funds, which means these funds are included in your count twice. We're now down to $3.75T in new spending.

For comparison, just last year Donald Trump signed COVID-related bills for $8.3B, $225B, $2.2T, $483B, and $920B. These bills total up to $3.8T, meaning that to top Biden's spending, we simply have to look at last year. That's before considering that Sens. Joe Manchin (D-WV) and Kyrsten Sinema (D-AZ) are likely to demand further cuts to the reconciliation bill, so Biden's final spending is likely to be lower. If we want to keep going back to find another year with a similar impact on the budget, we have to go as far back as... 2017. Although it's not a spending bill, the Tax Cuts and Jobs Act cut taxes enough to add over $4T to the national debt.


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