In honor of Tax Day

UPDATE: 5/28/22

In the “nothing new under the sun” department, President Biden has been arguing since last summer that his multi-trillion-dollar spending proposals will reduce inflation and budget deficits. See Biden Argues Massive Government Spending Will Help Fend Off Inflation, Not Exacerbate It (July 19, 2021); and Biden Emphasizes Deficit Reduction in Bid to Pass Economic Agenda (March 18, 2022).