(NationalSentinel) If any one of the two-dozen or so Democrats running for their party’s 2020 nomination win the presidency next year and are blessed with a Democrat majority in Congress, you’d better hang onto your wallets and purses.
Because life in America is going to become a lot more expensive.
An analysis by theÂ Washington Free Beacon of promises made by the various candidates during Tuesday’s debates in Detroit found that collective, they promised to spend north of $200 trillion:
Of theÂ 26 declared candidatesâ€”including Rep. Eric Swalwell (D., Calif.) who dropped out earlier this monthâ€”most have put enormous new government programsÂ front and center in their campaigns. Totaling up these proposalsÂ gives taxpaying voters a sense of the budget priorities of the average Democratic candidate.
Of the $210 trillion, the pluralityâ€”$94 trillionâ€”is the estimated cost of a Green NewÂ Deal, which a number of candidates have backed in some form or another.
TheÂ remaining $116 trillionâ€”roughly six times the United States’s annual Gross DomesticÂ Productâ€”is spread across a variety of policy proposals, from Andrew Yang’s UniversalÂ Basic Income to Marianne Williamson’s call for $200 to $500 billion in reparations for slavery.
In all, candidates pledged to spend $210 trillion; most proposed new spending of at least $1 trillion at a time when far too many lawmakers in Congress refuse to cut spendingÂ at all while our national debt spirals upward, upward, upward.
Of course, candidates didn’t want to spend all of that money up front. Rather, the programs and schemes they propose would be ‘phased in’ over 10 years, but nevertheless become permanent financial fixtures in budgets because, as mentioned,Â Congress never cuts programs or spending.
Socialist/Communist Sen. Bernie Sanders (I-Vt.) wins the prize, though, for the most expensive single program: Medicare for All has been estimated to cost something close to $32 trillion over 10 years, though no one believes that estimate is even close (as in, it’s too low).
“Estimates vary, butÂ on top of that, a Sanders administration would add trillions more inÂ infrastructure spending, universal free college, and an ill-defined job guarantee,” theÂ Free Beacon reported.
Where’s all that additional money going to come from? Sanders let the cat out of the bag on that one:Â Everyone.
Sanders said last month that he’d have to push for a middle-class taxÂ increase in order to fund his socialist spending extravaganza.
Equally disturbing, though, former U.S. Rep. Robert “Beto” O’Rourke said last night that, no, he wouldn’t impose a middle-class tax increase to pay for all of his handouts, meaning ‘the rich’ would be destroyed or he’d print the money to pay for everything, which will lead to hyperinflation. Either way, our economy would tank and take the global economy with it.
â€œThe answer is no,â€ former Texas Congressman Beto Oâ€™Rourke said. â€œThe middle class will not pay more in taxes.â€
- By Jon Dougherty
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