One Thing Missing From the Biden Budget: Booming Growth

For all the administration’s focus on transformational policies, it’s not forecasting an outburst of economic potential.

In the assumptions that underpin the administration’s budget, G.D.P. growth is strong in 2021 and 2022 — but strong enough only to return the economy to its prepandemic trend line, not to surge above the trajectory it was on throughout the 2010s.

In 2023, G.D.P. growth falls to 2 percent in the budget assumptions, then to 1.8 percent a year through the mid-2020s. That is lower than the 2.3 percent average annual growth rate experienced from 2010 to 2019.

Old defense attorney line: "I could have lost that case for a lot less." Couldn't you spend less than $6 TRILLION to get back to where we were before COVID. This makes no sense to me and has the look of a clusterfuck.