Liberal Forum

ROG62 » 4 minutes ago » wrote: ↑

4 minutes ago

American taxpayers would face a net fiscal burden of over $350,000 per household in the next decade if the Democratic Socialists of America’s top policies were adopted, according to a report released Oct. 1 by President Donald Trump’s Council of Economic Advisers.

 The report predicted a net fiscal burden of more than $49 trillion from 2027 to 2036—larger than the national debt, which hit a milestone of $40 trillion in August.

 The report added up the presumed costs for Democratic Socialists of America’s agenda items such as loosening border restrictions, handing out amnesty to all illegal immigrants in the country, abolishing the police and U.S. Immigration and Customs Enforcement (ICE) officers, eliminating prisons, providing government-run healthcare for everyone, and canceling all student debt.

 The majority of the cost would come from Medicare for All, which is predicted to cost $47.4 trillion out of the $52.8 trillion in gross costs, which was lowered to nearly $49 trillion due to the estimated $3.9 trillion that would be collected from the wealth tax.

https://alphanews.org/10-year-cost-of-d ... ource=ctct

with all of the gnashing of teeth when the debt hit $40 trillion this year, will they continue to clutch their pearls when it hits $90 trillion?