Rather than pursue policies to reduce inflation and encourage people to go back to work, the Biden administration and its Democratic Party allies in Congress have done everything in their power to exacerbate these problems. They've done so by expanding and/or extending a slew of welfare, unemployment, and stimulus programs.
Federal student loan repayments remain frozen (this could continue well into 2022), and tens of millions of families are now being given up to $300 per child per month under the American Rescue Plan’s expanded child tax credit provision — including families who earn as much as $150,000 per year.
Those programs are just the tip of the iceberg. Congress is getting closer to passing a $1 trillion infrastructure package. Democrats are pushing a $3.5 trillion climate, education, and welfare bill. The $3.5 trillion plan would, among many other things, create huge new "green" energy tax credits, subsidies for childcare, and a universal prekindergarten program, as well as expand Medicare benefits to cover dental and other health care services.
The risks are real.
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