Actually, $3.5 Trillion Is a Lot of Money

US
Speaker of the House Nancy Pelosi (D., Calif.) and Senate Majority Leader Chuck Schumer (D., N.Y.) speak to one another before the start of a news conference outside the U.S. Capitol in Washington, D.C., July 28, 2021. (Elizabeth Frantz/Reuters)
And it’s not even the whole cost of congressional Democrats’ plans.




NRPLUS MEMBER ARTICLE

O
n Wednesday, Eric Levitz of New York Magazine took a bold stance in defense of President Biden’s massive American Families Plan (AFP): “$3.5 Trillion Is Not a Lot of Money.”

$3.5 trillion comes out to $27,247.74 for every household in the United States. When you add to that $3.5 trillion the $550 billion in new infrastructure spending Democrats have also proposed and the $1.9 trillion they already spent on COVID relief in January, the per-household cost rises to $46,321.17. The Congressional Research Service calculated in 2010 that the entire cost of the Second World War, in fiscal-year 2011 dollars, was $4.1

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