Biden To Reportedly Propose , $6 Trillion Budget.<br />According to 'The New York Times,' <br />President Biden is set to propose the budget, .<br />which is nearly a third higher than pre-pandemic spending levels, in the coming days.<br />It would bring sustained federal spending levels to their highest since WWII and target infrastructure, education and health care.<br />It would bring sustained federal spending levels to their highest since WWII and target infrastructure, education and health care.<br />According to documents obtained by <br />'The New York Times,' $6 trillion would be spent in the 2022 fiscal year and increase to $8.2 trillion by 2031.<br />The plan would increase the country's debt <br />to 117% of GDP in that time.<br />In an address to Congress earlier this year, <br />Biden said that while "20 million Americans lost their job in the pandemic," .<br />"650 billionaires in America saw their new worth increase by more than $1 trillion.".<br />My fellow Americans, trickle-down, trickle-down economics has never worked. It’s time to grow the economy from the bottom and the middle out, President Joe Biden, via 'The Hill'.<br />Biden will also reportedly propose<br /> an increase in defense spending.<br />The White House is expected to formally <br />lay out the budget proposal on May 28
