Biden Faces Few Constraints on Spending

Los Angeles Times: “Biden’s shift, from backing a key part of Reagan’s agenda to embracing an expansion of government more in tune with President Franklin D. Roosevelt’s New Deal, parallels a change in the electorate. Voters’ concerns about the scope of government and the size of the national debt haven’t disappeared. But for now, that’s not driving how people vote.”

“As a result, though President Trump handed Biden a federal debt that had reached the largest level since the end of World War II, the new president is operating with fewer political constraints related to the federal deficit than any of his three Democratic predecessors.”