Analysis of the Changes Made to the US Draft Budget in the Context of Joe Biden’s Democratic Polity and Agenda (Impact on the Budget Deficit in 2022–2031 and the Economy as a Whole)
https://doi.org/10.26794/2226-7867-2023-13-1-50-55
Abstract
In this article, the author analyzed the changes made to the US budget bill for 2022–2031, which reflect the increased spending on programs that are the foundation of Joe Biden’s economic policy. As a result of the study, the author comes to the conclusion that the delivering on the electoral promises of the current President, does not stimulate the economy during the crisis period, but inflates the budget deficit and increasingly drives the United States into bad debts. Such a policy brings “relief” to the economy in the short-term, but it is extremely toxic in the long-term prospective. The emerging risks negatively affect the image of the Democrats as a whole, provoking intra-party divisions and giving the Republicans an advantage.
Keywords
USA,
democrats,
republicans,
climate policy,
renewables,
US economic policy,
budget deficit,
US budget
Supporting agencies: The article was prepared based on the results of research carried out at the expense of budgetary funds under the state assignment of the Financial University
About the Author
I. V. Zhukova
Financial University
Russian Federation
Russian Federation
Lada V. Zhukova — Head of the Educational and Scientific Laboratory of Modern Information Technologies in Political Analysis, Department of Political Science.
Moscow
Review
For citations:
Zhukova I.V. Analysis of the Changes Made to the US Draft Budget in the Context of Joe Biden’s Democratic Polity and Agenda (Impact on the Budget Deficit in 2022–2031 and the Economy as a Whole). Humanities and Social Sciences. Bulletin of the Financial University. 2023;13(1):50-55. (In Russ.) https://doi.org/10.26794/2226-7867-2023-13-1-50-55
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