What's another $100 Trillion more

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These people are downright crazy - from Grabien News:

SEN. WARREN PITCHES MORE THAN $100 TRILLION IN NEW SPENDING DURING BRIEF CNN TOWNHALL
Sen. Warren believes she knows the way into Americans’ hearts: Lots of government spending.

In her CNN townhall Monday night, Sen. Warren responded to almost every question with a proposed new government program.

Over the course of the 80 minute forum, Sen. Warren endorsed Medicare-for-All, slavery reparations, universal childcare, universal pre-K, “universal pre-pre-K,” the creation of 3 million new federal housing units, increasing infrastructure spending several times, forgiveness of student loan debt, and the Green New Deal.

Add it all up, and it’s more than $100 trillion.

Estimates range on Warren’s proposed spending plans, but the Green New Deal has alone been projected to cost at least $93 trillion; slavery reparations have previously been pegged at upward of $14 trillion; and Warren says her universal child care, universal pre-K, and universal pre-pre-K programs can be done for $3 trillion.

Despite the avalanche of proposed new spending, Warren was cautious about calling for new taxes. After describing her plans for greatly increasing the percentage of GDP spent on infrastructure, she was asked whether a gas tax might be necessary to finance it. Warren responded that she opposes a gas tax because it’s regressive against the poor.

Instead, Sen. Warren said, a single tax on the very wealthy would be enough to pay for “universal child care, universal pre-k, universal pre-pre-K for every child in America” and, she said, the tax would leave “$2 trillion left over.”

Out National Debt is already at $22+ Trillion and getting bigger with each passing second. We are servicing the interest on this debt so things are stable but to propose a 554% increase in the National Debt would ruin us as a nation. We would have to default.

As for increasing the taxes on rich people - they simply do not have enough money to pay for something like this. Essayist Bill Whittle did an excellent expose of the flaws of this kind of thinking - ten minutes of very good information:

Again, advancing the narrative and pesky facts be damned.

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This page contains a single entry by DaveH published on March 19, 2019 10:41 AM.

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