The first half of those numbers have no time reference. How should we know what you mean?
Since Biden took office
Some evidence would be good here about this "recurring" aspect. As for the recent infrastructure bill, we have vastly underinvested in our infrastructure for decades. We badly needed to try to catch up.
This is a quote from Sept 2008 "Americans do not have the purchasing power to sustain economic expansion.
Nothing has changed. The government propped up the banks and since then has been subsidizing and stimulating to paper over the fact.
The system is unstable..
The Infrastructure Bill is targeted to photo ops, creating employment and infrastructure in certain areas. When it is all said and done, the Infrastructure is still going to need the same repairs. An old story: In one State, the Highway was under construction in a city. An old truckdriver said the highway had been under construction in that city for all of the 30 years he had been driving. He joked that "the Governor's brother in law, a contractor didn't want to work out of town" as the rest of the States highways were pot holed disaster. So there is a beautiful new taxi way in Phoenix. It doesn't quite cover the rest of the more mundane infrastructure that needs "catched up." But it does create employment and provide the politicos with photo op and "look what we done for you" pats on the back. That is a Public Works Project.
We don't have cyber money yet. Hopefully this "digital currency" nonsense will die a hard death, soon.
Yes, I am referring to the fact that I doubt those trillions of dollars bills are actually printed physical objects. I could say "Mere entrees on a Balance Sheet. Social Security, for instance, is deposited directly into online accounts. So many of governments payments are simply transferring $000 into digital accounts. the ultimate fiat money.
Why don't you just say you want less government spending, or is this some sort of argument about stimulus?
This thread is basically about the issues.
I don't think the government can do less spending. The first thing to determine is what sort of government entity is the US government today.
Now people claim Republic or Democrat or Socialist. And one side claims: Autocrat Dictator if Trump is elected. The other side claims, Dissolved into chaos if Biden is re-elected.
So what is the US government actually?
I'm not an economist or historian, but I do know what feudalism is and it has never existed in the United States, so speaking of it drops your credibility a few notches.
I am a historian. I am not an economist but I understand economic systems that exist in various forms of government. In my analysis, the American Government is Feudal. It is who has the power and controls the wealth, in any system.
In America is the Agencies, the Administrative Branch. It includes the Executive but then kings and presidents come and go.
Consider that the American consumer does not have the purchasing power to grow the economy. Don't know if piles more fiat dollar dumped into the economy will somehow grow the economy out of that. The government has stepped in to try to keep the economy afloat and it has cost a bundle. We will see if government can spend our way to prosperity.