President Joe Biden and congressional Democrats, with Republican help, are poised to spend $3.5 trillion during decades-high inflation.
“Passage of the Inflation Reduction Act will make Biden one of the most legislatively successful presidents of the modern era,” Politico Playbook writers Ryan Lizza and Eugene Daniels wrote.
Although congressional Democrats have only a four-member majority in the House and a one-member majority in the Senate, Biden has been able to pass a substantial legislative agenda. It is also notable that Biden has spent so much during the first half of his term in office. This includes:
- The $1.9 trillion American Recovery Act, Biden’s coronavirus relief bill
- The $550 billion so-called Infrastructure Investment and Jobs Act
- The $280 billion Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act
- $700 billion Inflation Reduction…