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)

In this article, the author analyzed changes made to US budget bill for 2022–2031, which reflect increased spending on programs that are foundation of Joe Biden’s economic policy. As a result study, comes conclusion delivering electoral promises current President, does not stimulate economy during crisis period, but inflates deficit and increasingly drives United States into bad debts. Such policy brings “relief” in short-term, it is extremely toxic long-term prospective. The emerging risks negatively affect image Democrats as whole, provoking intra-party divisions giving Republicans an advantage.