(NYTIMES) - In the reconciliation package now being debated in Washington, President Joe Biden and many congressional Democrats aim to expand the size and scope of government substantially. Americans should be wary of their plans - not only because of the sizeable budgetary cost but also because of the broader risks to economic prosperity.
The details of the ambitious US$3.5 trillion (S$4.7 trillion) social spending Bill are still being discussed, so it is unclear what it will end up including. In many ways, it seems like a grab bag of initiatives assembled from the progressive wish list.
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