Last Sunday, Bernie Sanders appeared on ABC, where Jonathan Karl asked if Mr. Sanders if he thinks Biden’s cabinet is progressive enough.
Well, what I have said many, many times is the progressive movement itself probably is 35 or 40 percent of the Democratic coalition. And I believe that the progressive movement deserves seats in the cabinet. That has not yet happened.
So, you know, I would like to see strong progressives in the administration who are going to stand up for the working families of this country, who believe that healthcare is a human right, who believe we’ve got to make sure that public colleges and universities are tuition free and that we have to be aggressive on issues like climate change, racial justice, immigration reform.
Patience, my man, is James Freeman’s (WSJ) advice to Bernie.
And for some reason, even though vaccines are being distributed, the economy is growing and employment has increased for seven straight months—for a total of 12 million jobs added since the spring shutdowns—President-elect Joe Biden is still suggesting that much more massive government intervention is required.
According to the Committee for a Responsible Federal Budget (CRFB), the Biden program is likely to feature reckless spending increases as well as significant policy changes for Bernie’s subsidy priorities.
From the CRFB:
In terms of details, we estimate Biden would spend $2.70 trillion on child care and education, $2.05 trillion on health care, $1.15 trillion on Social Security, Supplemental Security Income (SSI), and retirement, and $4.45 trillion on infrastructure, environment, and other domestic spending under our central estimate. We also estimate that Biden’s defense and immigration policies would save $750 billion, while his tax policies would raise $4.30 trillion and interest costs would increase by $300 billion.
The CRFB estimated the Biden agenda would add more than $10 trillion in new spending over a decade (not even counting new Covid spending), partially funded by more than $4 trillion in new taxes, reports Mr. Freeman.
To make it happen Mr. Biden has introduced an economic team of activists largely unblemished by market experience.