Say no to Democratic Socialism’s enormous price tag

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On August 9, Alexandria Ocasio-Cortez, the Democratic socialist candidate for New York's 14th Congressional District, declined a challenge to debate conservative commentator Ben Shapiro. After comparing this challenge to catcalling on Twitter, it is clear that Ocasio-Cortez is scared of a debate against a difficult opponent. She also likely understands that her Democratic socialist platform would be exposed for its ideological flaws and harmful consequences.

Those who see the new progressive movement as inspiring highlight its agenda based on greater economic equality, while others fear that its reforms will dramatically and detrimentally expand the role of government. However, the one thing we know for sure is that Democratic socialism is expensive—and Americans should reject this pricy platform.

Candidates like Ocasio-Cortez and Sanders propose expensive policies like a federal jobs guarantee, single-payer health care, and "free" public college. Unsurprisingly, this will require astronomical increases in government spending that will add to the out-of-control federal debt that has already exceeded $21 trillion.

Brian Riedl, a policy researcher at the conservative-leaning Manhattan Institute, estimates that Sanders' and Ocasio-Cortez's proposals would generate $42.5 trillion in additional federal expenditures over the next decade. The long-term fiscal outlook under this agenda is even more frightening––Riedl found that these proposals will cost $218 trillion over 30 years.

In order to broaden the appeal of his work, Riedl used exclusively liberal think tanks and non-partisan sources for his analysis including the Tax Policy Center, the Urban Institute, and the Center for Budget Policy and Priorities. These numbers are coming from the left, so some of them, including the cost for the jobs guarantee, are even considered to be low, modest estimates.

So how does all of this get paid for? Democratic socialists like to run down a list of new taxes they support, supposedly aimed at the wealthy and large corporations. Some proposals include carbon taxes, a higher corporate tax rate, health care premium taxes, and increased payroll taxes. Ocasio-Cortez also proposes a "Buffet tax" that requires high earning individuals to pay a minimum of 15 percent of their income. Riedel's Vox article calculated that, under very generous fiscal and economic assumptions, Democratic socialist proposals would cut $8.5 trillion of spending in areas such as defense and state spending on health care, leaving the federal government on the hook for the remaining $34 trillion.

This would require a near doubling of federal tax revenues. To put that in perspective, the federal government would need to tax all corporate profits, as well as household income and pass-through business income (income from a business that is taxed at the individual owner's level as opposed to the corporate level) above the thresholds of $90,000 ($150,000 for married couples) at a 100 percent rate to make up this revenue gap.

Simply put, taxpayers cannot afford these unsustainable and disadvantageous reforms. Large-scale entitlement programs like Social Security and Medicare are already rapidly rolling off a fiscal cliff, with their trust funds on pace to be depleted by 2026 and 2034 respectively. Further expanding federal entitlement programs would clearly be much costlier than more plausible reforms like tax cuts, and no cut in defense spending will be sufficient to make up for Democratic socialism's obscene cost burden.

It's troubling to witness socialist and redistributionist policies gaining popularity in America, especially when history and current events both show the threat they pose to a stable and prosperous democracy.

Though utilizing more government intervention than Democratic socialism, the Soviet Union and Venezuela's centrally planned economic systems both eventually led to humanitarian crises that caused a shortage of fundamental goods and services, mass starvation, severe restriction of basic liberties like freedom of speech and worship, and massive death tolls. It is estimated today that the Soviet Union's communist regime under Joseph Stalin murdered as many as 20 to 60 million people. In Venezuela, hundreds are dying from malnutrition and violence imposed by the government to dismantle protests.

Even more moderate proposals such as Canada's latest failure with universal basic income (UBI)––unconditional, periodic government cash payments––show the problems with government expansion. After only 15 months, Ontario ended its C$150 million UBI program that was supposed to last three years, after they realized that it was expensive and financially unsustainable. Finland's UBI experiment will also end in failure after this year as its government concluded that the program would not be an efficient reform of the welfare system.

It's clear that redistributionist policies will not save our country from fiscal destruction. To save American taxpayers from extreme economic burdens, Democratic socialism's recent insurgency into our political system must be rejected.

Mitchell Siegel is an intern at the Foundation for Government Accountability. He is rising junior studying economics at Duke University.

The king of "No Spin" and bestselling author of "Killing Crazy Horse," Bill O'Reilly joined Glenn Beck on this week's podcast to talk about the latest developments in Joe Biden's Ukraine and China corruption scandal. Now that some of the details are finally coming out in the open, does the average Democrat care? Maybe, but the Left doesn't seem to.

O'Reilly argued there's more hatred for President Donald Trump now than in 2016, and that some people hate President Trump so much that they'd rather vote for the "senile, corrupt" Joe Biden.

"Hunter got tens of millions of dollars from Ukraine, from Russia, from China because his father was vice president. I have no doubt in my mind," O'Reilly said. "But the hatred for Donald Trump overrides that in the minds of millions of viewers. They're saying, 'You know, we'd rather have the senile corrupt guy than Trump.'"

Asked by Glenn if any other Republican running for president would be met with the same level of vitriol, O'Reilly answered, "The Left is the Left. They don't like America. The want to redo the Constitution. They want to take some of our freedoms, like the Second Amendment and the First Amendment, and change them. And they want to destroy capitalism and replace it with a big centralized government in Washington that controls the economy … but I'm talking about the folks. I have liberal friends and I say to them, 'Do you not understand that when you vote for Biden, you're voting against your own self interest?'"

Watch the video clip from the full podcast below, or find the full episode HERE:

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In a phone call with his constituents, Senator Ben Sasse (R-Neb) unleashed a torrent of criticisms about President Donald Trump, saying he "flirted with white supremacists," "kisses dictators' butts," and "spends like a drunken sailor."

On the radio program Friday, Glenn said he was disappointed in Sen. Sasse for apparently forgetting all of President Trump's accomplishments. Because, in reality, Trump has accomplished a lot more than many presidents before him.

Then, for anyone who may have forgotten President Trump's achievements — or who simply hate the man so much they've ignored them — Glenn listed just some of the many things this president has achieved during his three and a half years in the White House.

Watch the video below to hear Glenn's message for all the Trump-haters who have forgotten Trump's accomplishments, or you can read Glenn's list HERE:

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President Trump has given us great judges on the lower court, 3 judges far superior than Roberts and other bogus constitutionalists as SCOTUS and one just may turn out to be another Clarence Thomas. He kicked the ass of ISIS and came home.

He got us out of the disastrous Iran deal, killed their head of terror, boxed them in and is currently collapsing their economy while also brokering a Mid East peace deal that everyone said could never happen. He moved our embassy to Jerusalem despite the state department, something no president has done even though they all promised.

Yes, he met with the North Korean Dictator. I hated that, but I also hated the fact that no other president did anything and North Korea kept gaining power. He has gotten Europe to pay their share of NATO, brought the Arabs and the Jews together, while smashing the choke hold of the PLO, and stood up to the Chinese instead of selling them supercomputers (Clinton), accepting lead poison in dog food (Bush), or loving the CCP and taking millions in dirty money (Obama/Biden).

He also has defended religious liberty unlike any other president at least in the last 100 years, and is a true pro-life advocate that unlike most republicans backs it up with action instead of just talk.

President Trump has also opened doors that the GOP was too wussy to even try to open with Hispanics and Blacks. He again didn't pander. He instead cleared the dead wood and opened pathways up so they could get higher education, create jobs, and not get lost in the prison system.

He also has defended religious liberty... and is a true pro-life advocate.

President Trump also took on an economy that had been beaten down, a people who had been told "you didn't build that" and, in fact, Obama and Biden claimed that the economy was "as good as it would ever get," that we would never create jobs in sectors ever again.

President Trump gave us the lowest unemployment rate since 1969 (the year I celebrated my 5th birthday,) the lowest unemployment for Hispanics & Blacks ever, and the first real growth in pay that I can remember.

President Trump then responded to the largest pandemic in 100 years by doing a couple of things I have never seen a president do:

  1. America's biggest capitalist shuts down the entire economy and knowingly puts his re-election at risk in order to save people.
  2. Closes travel with China and Europe, only to be called “racist," "xenophobic" and accused of stirring hatred. Now everyone says they were for it, but he stood alone and took the heat.

When everyone bashed him because they thought he would seize control and become an authoritarian by telling states what to do, or taking control of companies and telling them what to produce, he simply asked the free market to step to the plate, because he trusts the people of this country to do the right thing. By not taking control, he was called a dictator and a Nazi. Meanwhile he has been blamed for the blood bath created by Gov. Cuomo's nursing home policies. They said 2 million would die, best case scenario 200,000 — if we did everything right. Gee, seems that we are now in the time period they told us would be phase two, it seems as though we seem to have hit that "best case scenario" at this point.

While all of this has gone on, President Trump has fought the lies that were started by Hillary Clinton's team to smear him as a Russian operative. It was enabled by the Obama White House and included the DOJ, CIA, Dept of State, FBI, and DNI. Did I leave anyone out? Oh, yeah we are now getting evidence that members of the Pentagon may have been involved as well. Not to mention the so-called "press" and Congress who did things that would embarrass not only "Frank Underwood" but also Kevin Spacey. He has single handedly exposed the press for who they are and have always been. Because of his tweets, personal style and frankly balls of steel, he has exposed those who truly are: "Enemies of the people." I hated that when he first said it, but it is true. Any person or group that knowingly lies to destroy our president, our Constitution and the free market, are not just enemies of the people, they are enemies of the freedom of all mankind.

As someone who didn't support President Trump at first (and that is putting it mildly) I remain honest enough to judge him on his entire record. He is perhaps the only man in America that can and has stood entirely alone, surrounded by enemies, surrounded by those who took an oath to protect and defend the Constitution, who are now actively engaged in destroying it and any elected president who stands in their way.

Personally, I have grown sick and tired of spineless, do nothing, old, corrupt GOP politicians who are either part of the problem or too frightened to stand alone and speak up. The vast majority are all "Sunshine Patriots." History will condemn those who did nothing but complain and whine, while others not only rang the bell, but stood and took the hits, who risked it all and lost money, reputation and perhaps, God forbid, some who gave the ultimate sacrifice to fight the evil that rages so clearly against the light.

100 years from now history will judge all of us. So will our children's children. Most will be forgotten. Those who failed to show up on the battlefield or cower in the trees, will be remembered with shame and disdain. Others like President Trump, I believe will be seen as indispensable.

DECODING the Democrats' EXTENSIVE ties to 'Big Tech'

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The Democrats' ties to "Big Tech" and the entertainment industry have placed them in the perfect position to influence both public policy and our nation's culture. It's impossible to unweave the entire web of Democrat operatives and sleeper cells, but here are a few of the current ties between the Dems and an industry that arguably has more influence on our day-to-day lives than any other.

Twitter Executives

Jack Dorsey, CEO

Omid Kordestani, Director, Executive Chairman

Ned Segal, CFO

Evan Williams, Former Twitter CEO, Current Board Member

Bridget Coyne, Public Policy Director

  • In charge of government/election partnerships with leading global government and political publishers including content strategy for Twitter
  • Intern and Press Secretary for multiple Democrat politicians, plus Rachel Maddow Show

Nicholas Pacilio, Senior Communications Manager, former Communications Manager

Carlos Monje, former Director of Public Policy

Brandon Borrman, VP Global Communications

Facebook

Mark Zuckerberg, CEO

Sheryl Sandberg, Chief Operating Officer

Andy Stone, Policy Communications Director

Anna Makanju, Global Policy Manager

Brian Rice, Director of Public Policy

Probir Mehta, Global Public Policy

Jessica Hertz, Former Director and Associate General Counsel