Democrats have alternately praised and laughed at incoming New York Rep. Alexandria Ocasio-Cortez, but many of them are now getting on board a plan she has for what would be the largest expansion of the federal government since Barack Obama and his party took over one-sixth of the U.S. economy by expropriating health care.
Ocasio-Cortez is pushing a “Green New Deal” which so far is long on ambition but short on details. That said, it borrows from the “New Deal” of the 1930s and the freshman lawmaker herself has compared it to the Great Society programs of the 1960s.
Combined, then, that means government expansion and lots of it. But as is always the case with socialists, where the money is supposed to come from is a mystery.
And yet, “more than 40 Democratic lawmakers support the ‘Green New Deal’ as part of a broad plan to fight global warming and bring about what they see as ‘economic, social and racial justice,'” according to The Daily Caller. A poll found most Americans support the deal, but know little about it.
Of course. It’s always easy to support “economic, social and racial justice.” Virtue signaling is easy.
Paying for ambitious, massive new programs isn’t, however, and this is where Ocasio-Cortez and her supporters are going to lose voters.
Then again, this plan may just be smoke and mirrors. The Daily Caller notes further:
Ocasio-Cortez’s “Green New Deal” calls for creating a House committee to draft legislation to fight global warming and turn the U.S. economy into something akin to what Vermont Sen. Bernie Sanders envisions. Indeed, the “Green New Deal” could be a preview of what policies the Democratic Party will back in the 2020 elections.
“This is going to be the New Deal, the Great Society, the moon shot, the civil-rights movement of our generation,” Ocasio-Cortez said during a panel discussion in early December alongside Sanders, a likely 2020 presidential contender.
Objectives include moving the U.S. to 100 percent green energy, the guarantee of a federal job for any worker displaced by loss of a ‘fossil fuel’ job, guaranteed minimum income and universal health care.
Like we said, ambitious. And really expensive.
It all sounds good — free this and free that — but a dig into the details should expose the “Green New Deal” for what it is: Another wildly expensive attempt to expand government further into the lives of more Americans, and without any regard for results.
The Great Society’ “war on poverty” didn’t end poverty as it was supposed to do; in fact, several analysts over the years have said anti-poverty programs have only exacerbated the problem. As for the New Deal, some believe it prolonged the Great Depression rather than hastened its end.
No matter. We’ve spent trillions of dollars and it gives politicians something to ‘feel good’ about.
As for these new programs:
— Universal health care has been estimated to cost $32 trillion over a 10-year period.
— Moving the country to a completely green grid would cost something like $5.2 trillion over 20 years (in 2010 dollars), and that’s if we can find an economical way to harness wind and solar power.
— When you add in government job guarantees and universal basic incomes (another name for “welfare”), we are looking at spending trillions more. “Hedge hedge-fund manager Ray Dalio estimated the cost to taxpayers of a universal basic income policy would top $3.8 trillion a year — and that’s assuming every American citizen got just $12,000 a year,” The Daily Caller noted.
— Both the New Deal and Great Society have left U.S. taxpayers on the hook for trillions in debt and unfunded liabilities — somewhere between $87 trillion and $222 trillion.
And Ocasio-Cortez wants to pile tens of trillions more (per year) onto these unfunded liabilities.
It’s not surprising that Democrats are lining up behind this scheme. They need dependents in order to build their voting base.
But Republicans aren’t likely to go along with any of this, and POTUS Trump isn’t likely to sign such legislation.
That said, Democrats will control the House in a few days and are likely to make a Green New Deal part of their agenda. It will get some support because there will always be a segment of American society ready to take the next handout.
If they get the Senate and the presidency in 2020, we’d all better hang onto our wallets.
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