Biden’s ‘American Families Plan’ Is Far From a New Deal Economic Boon

Last month, President Biden unveiled his American Families Plan — the third multi-trillion-dollar omnibus spending package from the first four months of his administration.

Biden frames the $1.8 trillion in spending as “a once-in-a-generation investment in the foundations of middle-class prosperity — education, health care, and child care.” He presented precisely the same point regarding his American Jobs Plan, which he called “a once-in-a generation investment in America, unlike anything we’ve seen or done since we built the Interstate Highway System and the Space Race.”