The real worry is the gap between what the country produces and what average folks can afford to consume. Inequality is eating our economy
Hours after the Democrats passed their $3.5tn budget for Joe Biden’s American Families Plan – including childcare, community college, extended Medicare and measures to slow climate change – the West Virginia senator Joe Manchin, whose vote is necessary to get it through the Senate, made an ominous announcement. He had “serious concerns” about its size, warning it would add trillions of dollars to the national debt and spur inflation.
One expects Republican lawmakers to demagogue about inflation and spending. To hear this from a Democrat is jaw-dropping.
