Economist Speaks Out Against Biden’s Spending Plans

Economic Analysis Could Ruin Biden's Spending Plans

( – President Joe Biden and his “tax and spend” Democrats propose spending trillions of dollars to stimulate the economy in the wake of the COVID-19 pandemic. Democrats have pushed the idea that the country needs to invest taxpayer funds into childcare services to get parents back to work. However, a Biden-friendly economist just threw a huge wrench into some of those plans.

Harvard Professor Jason Furman spearheaded an economic analysis published on May 17 that looked into the impact of childcare challenges on the economy. He also happened to have served as the head of the Council of Economic Advisors for the Obama-Biden administration.

Furman and his team concluded that a lack of childcare services hasn’t negatively impacted the nation’s economic recovery. He also said umping taxpayer money into daycare services and reopening schools to serve as proxy daycare centers wouldn’t create a “short-term” economic boost.

Biden administration officials and the Democratic Women’s Caucus reportedly dismissed the analysis. However, it’s difficult for them to cry foul considering Furman’s prior history of working for Democrats.

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