Joe Biden

Joe Biden's Endless River of Debt and Regulation

There are at least 11 trillion reasons to be very scared about what comes next.

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There are at least 11 trillion reasons to worry about what Joe Biden wants to do to our economy and freedoms.

He campaigned on a platform that The Washington Post called "more liberal than that of every past Democratic nominee." He's bad news not just for the economy but for a wide range of libertarian concerns, such as school choice, individual autonomy, and the First and Second Amendments. 

When Biden warned in the last presidential debate that we're entering a "dark winter," he was referring to COVID-19, but his own policies are most likely to keep us stuck at home and out of work.  

Biden is proposing $11 trillion in brand-new spending over the next decade. Among his biggest-ticket items are $1.4 trillion to expand Obamacare; $2 trillion for his version of the Green New Deal; $1 trillion in new Social Security and Supplemental Security Income spending; and 1.5 trillion more dollars for preschool, K-12, and higher education. He has also signed on to a $3.3 trillion stimulus spending plan pushed by House and Senate Democrats. 

That all comes after nearly $7 trillion in federal spending this past year, up from a then-record $4.4 trillion in 2019. To pay for this new largess, Biden has laid out $3.6 trillion in tax hikes over the coming decade, resulting in what the Manhattan Institute's Brian Riedl calls "the largest permanent tax increase since World War II." But Biden's spending plan, as laid out in his campaign, is so out of control that it would still manage to increase the national debt by about $5.6 trillion by 2030, according to the Committee for a Responsible Federal Budget.

Just as scary are Biden's seemingly infinite promises to push new government controls into virtually all aspects of our lives. He wants to repeal Section 230, the law that protects online platforms from legal liability for speech generated by users, and he wants to"take a really hard look" at breaking up tech companies, especially Facebook. He's called for an end to federal funding for charter schools and the reinstatement of ineffective assault weapons bans and countless other gun control measures.

Pick any page of his campaign website's extensive "vision" section and you'll find endless proposals to tinker with virtually all aspects of everyday life and employment. He pledges to "aggressively" regulate all contractual agreements between employees and employers, especially those in the gig economy, and to "establish an Environmental and Climate Justice Division within the U.S. Department of Justice." In "Joe's Agenda for Students," he promises to require "aggressive methane pollution limits for oil and gas operations" while also making "four-year public colleges and universities tuition-free for all students whose family incomes are below $125,000."

Biden was a late-night punchline for much of his half-century in the public eye because of his constant gaffes and scandals. But he is also a battle-hardened politician whose time may have finally come. 

Joe Biden's likely season in the sun comes nearly 50 years after he first entered national politics—and he may well usher in a dark winter that will persist long after next spring's bloom.

Written by Nick Gillespie; graphics and edited by Lex Villena; additional graphics, Isaac Reese.

Music Credits: "Two Dogs" by Lex Villena, "Charon" by Yehezkel Raz.

Photo Credits: Gage Skidmore, Mueller MSC, World Economic Forum, ID 125814381© Korrawin Khanta Dreamstime.com, Dan Smith, ID 48504654 © Piotr Marcinski | Dreamstime.com

 

NEXT: America's Disastrous Drug War Is Finally Unravelling

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  1. Oh good you finally decided that Biden was bad. Hope that helps now.

    1. Carrying water through election night has secured them at least 4 years of cocktail party invitations, mission accomplished.

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    2. In fairness to Nick, he did publish a similar Biden article a few days before the election.

    3. Exactly. Gillespie needs to eat a dick. LINOs at reason too.

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  2. Hmmm.

    Interesting take.

    Enjoy Biden.

    You wanted him.

    You got him.

    1. Gladly take him over the whiny little bitch currently in there now.

      1. Ah, the leftist libertarian contingent of Reason.

        1. It’s a LINO? Closet democrat. A pro-abortion, pro-drug addict, that wants freedom from right wing laws so they can more easily embrace pure irresponsibility. This is now a “libertarian.”

      2. Likewise! Biden’s tough on crime approach, support for the Iraq war, and decades of experience in Washington make his the most qualified candidate for President. Plus his honorable and upright demeanor truly demands the respect that every American citizen should have for the office of POTUS. Liberty is second only to patriotism!

        1. It wasn’t just his support of the Iraq war but his suggestion to break it up into three separate countries: Shiite, Sunni, and Kurd. Only a stupid person would think Turkey would allow an independent Kurdistan on its border.

          He was also a fan of the Libyan excursion. How did that work out?

      3. “”Gladly take him over the whiny little bitch””

        In all fairness, that what some people said when they voted for Trump in 2016.

  3. To be fair, the Republicans hold the Senate, so Uncle Joe won’t have enough votes to buy everyone a unicorn for the next 2 years.

    1. If they got passed nationwide drug freedom, and abortion on demand at any time, and the eradication of “in god we trust” on our currency – so LINOs at REASON and nationwide could finally settle in to a responsibility free lifestyle and would finally be satisfied.

    2. It is not decided the GOP holds the senate. They will continue to find votes for Cal in NC until he wins now that they can stop looking for Biden ballots, probably some other races too. Plus there are 2 run offs in GA that are going to be a shit show.

  4. It’s amazing that you can focus on the money reasons to go against Biden but really had jack shit to say about Trump and how he eroded damn near every norm, ethic, and institution we have with his endless lawbreaking and teenage girl tweeting.

    And who cares- the House is only narrowly Democratic and the Senate is going to be held by Republicans. It’ll be a perfectly stalemated situation like normal because Moscow Mitch will refuse to do anything to help normal Americans just like he did during Obama’s terms.

    1. >>eroded damn near every norm, ethic, and institution

      it was fucking beautiful.

      1. You mean you don’t like the way things are in Washington, you don’t think things are perfect just the way they are? Well, you probably won’t like Biden then, because he’s going to make things even more like they’ve always been than they’ve ever been before. Bigger, more intrusive, more costly government than ever before, and if he doesn’t re-fund the Palestinians so we can get the pot bubbling over there in the Middle East, I’ll eat my hat. If you wanted something different than the same old same old, you should have voted for Trump. He may not be what you want, but he certainly wasn’t the same old same old.

        1. Nope, he wasn’t. Normal presidents don’t kill a quarter million Americans because “it’s hard and I’m lazy and stupid and I can distract from my failure with a lame wedge issue about masks.”

          1. And who are you going to blame the 306,000+ deaths in those liberal paradises over in Europe? Trump didn’t do that. It’s a virus, it will kill people, for this one especially the elderly & those with known health problems. Right now Europe is having the same spike we are.

    2. …because Moscow Mitch will refuse to do anything to help normal Americans just like he did during Obama’s terms.

      Cough cough! LINO. Democrat LINO. Cough Cough!

    3. This is an interesting take on the last four years.

  5. Biden’s terrible, but pray for his health. If he croaks, we get Kamala.

    1. Definitely extends the “Weekend at Bernie’s” franchise. Also expecting a Biden endorsement of his favorite apple sauce.

      1. Kraft Foods, maker of Jello, stock price shoots through the roof.

    2. If he has dementia, it will not be him croaking.

      It will be Kamala evoking the 25th amendment.
      I hear Pelosi is getting a committee of experts together.

    3. If?

      Try when. Dr. Jill won’t save him for very long.

  6. This video would have been nice before the election. Just think, if Libertarians didn’t waste their vote on Jo, maybe we wouldn’t have Biden saying this election was a mandate for spending, meddling and political correctness.

    So true that the Republican held senate will stop really bad legislation, but not spending bills – as, historically, congress, not the President, gets blamed for holding those up – and congress always caves. And don’t forget Biden’s regulatory agencies – that are apparently not accountable to congress and can pass overreaching “rules” without any effective recourse.

    Yeah, lots of you hate Trump. So do I. But I’ll take a blowhard Trump over Squad figurehead and Harris stand-in Biden any day. And now, most likely, we’ll have it for four years. And in those four years, unproductive people in the United States will get tons of “free stuff” paid for by Taxpayers that will be next to impossible to undo. Good Job, Libertarians.

    1. Is there some way we can assure we each get equal amounts of “free stuff”? Because then it all evens out, and we’re just paying ourselves to buy them, net 0.

      1. Is there some way we can assure we each get equal amounts of “free stuff”?

        Maybe if we all paid the same amount we would all get equal results.

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  9. There is no reason to worry, because there is no legal pathway for Biden to win this election. Once the illegal ballots are removed Trump wins by a clear majority in 6 Democrat run debacle states.

  10. So this place is just totally overrun by Trump cultists I guess?

    1. Is anyone not inclined to socialism a Trump cultist?

  11. Biden, Reason’s 1st choice.

  12. INIDVIDUAL AUTONOMY? What’s that?

  13. As soon as a Democrat wins office, Republicans become concerned about the national debt, after ignoring the explosion of the national debt under Trump. The only presidents in the last 40 years to reduce the national debt have been Clinton and Obama. We need to bring the deficit under control by taking back the giveaways to the rich by Trump and McConnell. Then we can move on to taking back the giveaways to the rich by Reagan.

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