Economists Like Biden’s Infrastructure Plan

$3 trillion

“Economists are becoming positively giddy about the potential for economic growth this year as President Biden and Congressional Democrats look set to push forward a $3 trillion infrastructure bill,” Axios reports. “S&P predicts Biden’s infrastructure plan will create 2.3 million jobs by 2024, inject $5.7 trillion into the economy — which would be 10 times what was lost during the recession — and raise per-capita income by $2,400.”

Trump Defends Capitol Rioters

“Some of them went in and they’re — they’re hugging and kissing the police and the guards. You know, they had great relationships. A lot of the people were waved in, and then they walked in and they walked out.”

— “Former President Trump defended some of his supporters who rioted at the U.S. Capitol, saying Thursday that they posed ‘zero threat’ to the lawmakers who had assembled to confirm President Biden’s victory in the November election,” the Los Angeles Times reports. Trump also complained that law enforcement was now “persecuting” the Capitol rioters, hundreds of whom have been arrested, while “nothing happens” to left-wing protesters.

Republicans Are Not Deficit Hawks

“What Republicans want is to spend at levels they think appropriate (more on defense and some domestic programs, less on others) and to tax at levels they think appropriate (generally less, especially for the wealthy). They are consistent in those preferences. They don’t care — at all — about how the revenues the government receives from those taxes compares to overall government spending. Republican preferences don’t add up, which is why deficits leap up every time they get to control policy.”

Jonathan Bernstein