Biden’s Budget: US Entering New Stage of Great Power Rivalry, Risks Stretching Thin, Observers Say

Joe Biden’s first budget proposal indicates that the US is leaving Donald Trump’s non-interventionist diplomacy behind and embracing an expansionist approach with a focus on China and Russia, American observers say, warning that it is fraught with considerable risks.

On Friday, President Joe Biden unveiled his $6 trillion budget proposal for fiscal year 2022, with $1.52 trillion for the military and domestic programmes and $4.5 trillion for infrastructure and social initiatives.

Biden’s Proposal Reflects US Hegemonic Ambitions

In addition to healthcare, education and renewables, Biden’s budget proposal places special emphasis on defence spending. Thus, the White House has offered to allocate $715 billion – a 1.6% increase over last year – for the Pentagon as “the budget prioritises the need to counter the threat from China while also deterring destabilising behaviour by Russia”.

Citing US officials, the Wall Street Journal underscores that the plan reflects Mr. Biden’s “shifting priorities toward confronting China and Russia” and reducing emphasis on wars in Afghanistan and in the Middle East.

To that end, the proposal envisages the Pentagon’s active work within the framework of the Pacific Deterrence Initiative and collaboration with allies and partners in the Indo-Pacific region and the North Atlantic Treaty Organisation.

However, when it comes to China it does look confusing, according to the professor: the economies of the US and the People’s Republic remain…

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