Your current web browser is outdated. For best viewing experience, please consider upgrading to the latest version.

Contact

Send a question or comment using the form below. This message may be routed through support staff.

Email Article

ERROR
Main Error Mesage Here
More detailed message would go here to provide context for the user and how to proceed
ERROR
Main Error Mesage Here
More detailed message would go here to provide context for the user and how to proceed
search DONATE
Close Nav

Biden’s $1.9 Trillion Great Society Remake

back to top
commentary

Biden’s $1.9 Trillion Great Society Remake

The Wall Street Journal March 9, 2021
EconomicsOther

The Covid relief package is the largest expansion of the welfare state since LBJ’s signature program.

President Biden is poised to put his signature to what is arguably the largest expansion of the welfare state since Lyndon Johnson’s Great Society. And if past is prologue, liberals are poised to take credit for any positive trend lines that follow implementation, regardless of whether credit is warranted.

Even the Biden administration has come around to acknowledging that its Covid-19 relief package—the “most progressive piece of legislation in history,” White House press secretary Jen Psaki bragged the other day—has little to do directly with Covid. The Journal reports that only $50 billion, or 7% of the $1.9 trillion price tag, is directed at testing and contact tracing, and only $16 billion is earmarked for vaccine distribution. Most of the rest consists of state bailouts, student-debt relief and various income-redistribution schemes involving tax credits, health-insurance subsidies and unemployment benefits.

Continue reading the entire piece here at The Wall Street Journal (paywall)

______________________

Jason L. Riley is a senior fellow at the Manhattan Institute, a columnist at The Wall Street Journal, and a Fox News commentator. Follow him on Twitter here.

Photo by Keystone/Getty Images

Saved!
Close