We see President Biden’s first major legislative act pass without any Republican support and an additional bill of another $2T for infrastructure and additional COVID relief on the way.

Republicans seem to be happy to take credit for the spending in their district but are now concerned about the deficit. Both parties seem to have this behavior of spending when they’re in power albeit with different priorities and concerns about deficits when they are out of power. How high can the deficits go? Do deficits matter? What is the case for an against some of President Biden’s new initiatives?

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