Kamala Harris' Radical Left Plan To Ruin America
Price controls, higher taxes, government intervention, and subsidies paid for by printing a constantly devalued currency.
These are the essential pillars of “21st century socialism” and the radical left Peronism that obliterated Argentina. These are also the main elements of the economic plan presented by Kamala Harris and the Democratic Party...
According to the Committee for a Responsible Federal Budget (CRFB), Harris’s proposals will cost $1.95 trillion over 10 years. However, it emphasizes that if certain measures become permanent, this figure could increase to $2.25 trillion...
The Congressional Budget Office (CBO) has already warned of the fiscal disaster of the United States, with an annual deficit of 6% of GDP...
Following the Harris plan, the United States public debt will likely increase by $24 trillion in a decade...
The narrative of price gouging and greedflation is simply false. In 2023, profit margins in the grocery industry hit the lowest level since 2019, at 1.6%...
The only thing that can make aggregate prices rise constantly is the destruction of the purchasing power of the currency, which comes from massive government spending and printing currency to disguise fiscal imbalances...
The Harris team believes deficits do not matter and that the Federal Reserve can always disguise any budget imbalance. However, cracks have already appeared. Persistent inflation is the consequence of years of excessive spending and monetization. The next step is the risk of losing the U.S. dollar as the world reserve currency when the world stops accepting the ever-increasing debt.
Kamala Harris debates herself on Bidenomics:
#Election2024: Kamala Harris debates herself on Bidenomicspic.twitter.com/FgKHkPgbUd
— AdImpact Politics (@AdImpact_Pol) August 26, 2024
