Joe Biden may not be a radical socialist, but he is doing the best imitation of one this writer has lately seen.

After enacting a COVID-19 relief package of $1.9 trillion in March without a single Republican vote in Congress, Biden proposed a jobs and infrastructure program of $2.2 trillion. He has now added an “American Families Plan” of another $1.8 trillion.

In his speech to the joint session of Congress, Biden laid out its contents. The Washington Times relates:

“Mr. Biden’s latest spending package includes $225 billion for child care, $225 billion for a national paid family and medical leave program, $200 billion to extend bolstered Obamacare subsidies in his $1.9 trillion coronavirus relief package, $200 billion for universal pre-K, and $109 billion for two years of free community college for all Americans.”

While Biden’s $6 trillion in total spending is spread over several years, it represents a claim on the nation’s wealth equal to 30 percent of GDP — a figure comparable to FDR’s New Deal and LBJ’s Great Society.

One hundred days into his term, our oldest president is seeking to become a transformative progressive president in the FDR mold, and he is betting his presidency he can bring it off.

Where does Biden propose to get the money to pay for this great leap forward for government?

Biden proposes to raise the U.S. corporate tax by one-third to 28 percent, raise the personal income tax rate to 40 percent, double the tax on capital gains to 40 percent, and raise death and inheritance taxes to effect a greater equality of wealth in America.

To accomplish this, without Republican support in either house of Congress, Biden would need a solidly united party in the House and a party in lockstep in the Senate where the Democrats’ margin is the tie-breaking vote of Vice President Kamala Harris.

During the runoff races for the two Senate seats in Georgia last year, Sen. Chuck Schumer blurted, “Now we take Georgia, then we change the world.”

That is an apt description of what is going on. Biden, Schumer and Nancy Pelosi mean to use the window of opportunity their slimmest of margins on Capitol Hill have provided them — to “change the world.”

To enact his infrastructure and families plan, Biden will have to move swiftly. Yet, his timing may be auspicious.

For there is a sense of optimism in the land.

U.S. GDP rose 6.4 percent in the first quarter of 2021. We are coming out of the economic free fall of 2020 and the pandemic that produced it.

COVID-19 infections, hospitalizations and deaths are fractions of what they were at the height of the pandemic. Vaccinations, while tapering off, continue in the millions daily.

And all those billions of federal dollars sloshing through the economy are going to make tens of millions of Americans feel better.

While the TV audience for Biden’s address tilted Democratic, the 85 percent approval of his speech in one poll, along with the 75 percent who said it made them more optimistic about America, suggest that this is Biden’s moment.

And the Republicans?

While there are elements of Biden’s proposed infrastructure spending the GOP might support — funding for roads, bridges, airports, broadband — Democrats are not likely to agree to cuts in the social spending in Biden’s plans to win Republican votes.

And, even given the popularity of some of Biden’s proposals, it is difficult to see how a party that not so long ago preached the gospel of small government and balanced budgets could sign on to much of this.

Jimmy Carter said at Notre Dame in 1977 that we Americans had gotten over our “inordinate fear of Communism.”

Have Republicans of the party of Coolidge and Reagan gotten over their inordinate fear of deficits, debt and inflation?

Democrats have the votes to prevent Republicans from amending, in ways Democrats do not like, the infrastructure and social spending bills.

Republicans, however, would appear to have no choice but to do battle to cut the bills back, and, failing that, kill them.

Events seem to be pointing to an up-or-down vote on Biden’s plans in both houses, and, as of today, Democrats appear to be in the catbird seat.

Yet, one recalls: After LBJ ran up the largest electoral landslide since FDR and launched his Great Society in 1965, he lost 47 House seats in 1966. And, with Johnson’s presidency broken by Vietnam, crime and riots, Republicans won five of the next six presidential elections.

Plus, there is a real risk to the nation in these massive Biden bills.

Deficits exceeding $1 trillion. A national debt larger than the national economy and growing inexorably. A Federal Reserve running the printing press night and day to produce the dollars to push the nation back to full employment.

This is Biden’s hour. The question is how long does it last.

Patrick J. Buchanan is the author of “Nixon’s White House Wars: The Battles That Made and Broke a President and Divided America Forever.”

(12) comments

gjthuro

socialism and bankruptcy are on the way...joey and the gang are betting on much more than the farm

Dwasserba

“...raise death and inheritance taxes....” which affects you if you are in the ten million dollar or so category.

Dwasserba

“This is Biden’s hour. The question is how long does it last.” Pat, you’re no kid, you should know that when you are down to your last hour(s) you try to do the best with them as you can. You don’t have time to waste.

lewisantq

In 1952 President Harry Truman made a speech about Republicans, in which he said, "Socialism is a scare word they have hurled at every advance the people have made in the last twenty years.", "Socialism is what they call Social Security". "Socialism is what they called bank deposit insurance." "Socialism is their name for almost anything that helps all the people." The Republicans are still at it. Bob Lewis

public-redux

“... it is difficult to see how a party that not so long ago preached the gospel of small government and balanced budgets could sign on to much of this.”

Huh? Which party is he talking about here?

bosco

"Joe Biden may not be a radical socialist, but he is doing the best imitation of one this writer has lately seen."

President Unity said that he and President Harris wanted to model his administration after California - where, as Johnny Carson quipped, what ain't fruits and nuts is flakes.

Greg F

I'll take Biden any day over the KKK-backed fascist pig of a porn star payer we had the last 4 years. President divider Don the Orange Mafia Man T-Rump spent 4 years spouting lies, division and hate. Bonzo...you were part of those who backed that....seems you still haven't given that up yet either.

bosco

Show me where I "backed" division and hate by Trump - but I actively backed unmasking the lies of the Dimocrats and their left-wing media propaganda machine. How'd that Russia investigation go - other than put the corruption of the Obama/Biden justice department on display with their phoney FISA warrants? How about the fake news about the Russian bounties on American soldiers in Afghanistan - you know, the one that proved to be false and had to be retracted? How about their coverup of Hunter's laptop - you know the one with emails and documents showing the money flowing from Moscow and Beijing to the "Big Guy".

You and your ilk were so focused on anybody but Trump that you put a houseplant and a mattress in the White House - open borders and job-killing policies and all.

Greg F

Bonzo, you relished on all the hate filled actions trump took against anyone not lily white, backed his mockery of masks and loved his tax giveaways to already wealthy. You can’t hid what you are.

phydeaux994

He denies what he is but doesn’t realize he can’t hide what he is. bosco....Who me? A Racist? Why would you say that? Just because I make Racist comments daily?

bosco

Typical from Fido and Groggy - can't defend President House Plant and Vice President Mattress, so you play the old dog-eared race card - the only card in your deck.

Posting outside your allowed times I see, Fido. Let me remind you of your posting rules:

"MUST log on to the FNP Opinion Forum EVERY day between 5:00 a.m. and 8:00 p.m. and make as many Hateful and Obnoxious comments as you possibly can during that time. That is my new RULE, now do it!!!!! No exceptions!!!!"

In the meantime, neither of you can show any racist comments that I have made here. Go ahead. Try to find 'em and don't come back saying that I talk in code. Come on, man. Show us.

JerryR

Right on Bosco!! The current Ding Dongs in the white house are going to bankrupt all of us!! That's the kicker. Just ask the Europeans - especially Germany and France!

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