"THE BUDGET MESSAGE OF THE PRESIDENT
To the Congress of the United States
There is no greater testament to the grit and resilience of the American people than the extraordinary progress we have made together over the last year
America entered 2021 in the midst of a devastating health crisis, on the heels of the worst economic
crisis since the Great Depression. We ended 2021 having created over 6.5 million new jobs, the most
our Nation has ever recorded in a single year. Our economy grew at a rate of 5.7 percent, the strongest growth in nearly 40 years. As of February, the unemployment rate has fallen from 6.4 percent
when I took office to 3.8 percent—the fastest decline in recorded history. We are bringing everyone
along, and leaving no one behind; child poverty is projected to reach the lowest level ever recorded,
while long-term unemployment, youth unemployment, and Black and Hispanic unemployment have
all dropped at record rates. Though family budgets are still tight, millions more Americans are earning paychecks today—and families have more money in their pockets than they did a year ago.
This progress was no accident. It was a direct result of the new economic vision for America I ran
on—to build our economy from the bottom up and the middle out.
That vision was reflected in the American Rescue Plan Act of 2021, which lifted our Nation out of
crisis; fueled our efforts to vaccinate America and combat the COVID-19 pandemic globally; enabled
small businesses and State and local governments to hire, rehire, and retain workers; and delivered
immediate economic relief to tens of millions of Americans—to put food on their tables, keep a roof
over their heads, enable them to work by keeping schools and child care providers open, and maintain their dignity in the face of the pandemic.."
U.S. Budget
No comments:
Post a Comment