The Democrats' $100 trillion agenda

[jimnyc]

What ya think, Pete? I know you, and others I know, said it ain't got a chance. And perhaps it still doesn't But pretty much ALL of the Dem candidates backing it? Political suicide, or a bad sign of things to come?

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The Democrats' $100 trillion agenda

Remember when Democrats complained that $5.7 billion for a border wall was too expensive? Well, that’s chump change compared to what many of the congressional Democrats and nearly all of those 15 declared Democrats in the presidential race are now rallying behind.

The price tag isn’t in the billions, but in the tens of trillions. President Trump was attacked earlier this month by Democrats for a budget blueprint that would run fiscal deficits of 5 percent of GDP. That’s too high for sure, but count up the spending plans of Democrats and deficits could easily hit 20 percent to 30 percent of GDP and tilt the nation toward Greece and Puerto Rican-style bankruptcy.

Let’s start to add it all up.

Start with “Medicare for All,” the new health care anthem of the left. It is touted as a way to make medical services “free” for everyone. The cost to taxpayers? By some estimates $32 trillion over the next decade, according to a study by the Mercatus Center. Medicare, just for the seniors it was designed to cover, is already projected to run deficits in the tens of trillions of dollars over the next four decades, according to the program’s own Trustees.

Rest - https://www.washingtontimes.com/news...ld-easily-til/

[KarlMarx]

So here is how it goes.

We have a 20 T dollar economy... meaning that if the Dems nationalized everything and took all private property for themselves, they would still be 80 T dollars short.

So how do they make up the difference? Taxation? That might pay for a few trillion of the difference? Borrow? No, by then, our bond rating will be rated FFF- by Standard & Poor. No one will give us a dime. The only alternative will be bankruptcy.

By then we will be Venezuela and eating rats to survive.

But AOC and her buddies will be living millionaire style... you can bank on that


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