If Democrats Take Power, How Will They Pay For Their Promises?

Remember, the government creates nothing. Federal and state governments only spend money, they can not create it. Would someone please tell me how they will pay for all the free stuff and convert the country to some imaginary green utopia? For even a fraction of their promises to be fulfilled, the economy must be booming like it's never boomed before.

I challenge anybody reading this to tell me what fantastic Dem policies are going to lift the economy to levels never seen before. I don't think you can give me even one good idea that you could back up with historical evidence of success. If you are well versed in Democrat economic strategies, you should be able to rattle a few off and back them up with facts and logic.

The Green New Deal alone would bankrupt us, but maybe I'm just not educated enough to see the light... please help me to understand.

It amuses me that Republicans, who claim to be the party of fiscal responsibility, paint the Democrats as big spenders.

The national debt has increased by $5.2 trillion since President Donald Trump took office.

According to the Peter G. Peterson Foundation, a non-partisan fiscal watchdog, the national debt rose from more than $19.9 trillion on January 20, 2017 to more than $25.2 trillion Wednesday.

The increase follows Trump's comments, highlighted in an interview the then-presidential candidate gave to the Washington Post, that he would eliminate the United States' national debt "over a period of eight years" in part by reducing or eliminating trade deals with various countries, including China.

This is from May 2020
www.newsweek.com/national-debt-has-incre...rs-president-1503864

Care to answer the question? Please name one policy that your Dems plan on proposing that would fire up the economy. I'm pretty sure you can't.

Care to answer how the Trump will eliminate the deficit in the next 4 years as he promised?

koobookie wrote: Care to answer how the Trump will eliminate the deficit in the next 4 years as he promised?

Easy, eliminate the federal reserve, no more fiat currency, go back to the gold standard under treasury control, maybe limit size and function of IRS. Take all wealth collected illegally by the deep state, no debt. If you look up NESARA/GESARA or watch videos posted you would already know.

Biden's tax plan would increase the capital gains rate from 20% to 39%. Corporations would also see similar rate hikes. This would probably not produce the revenue expected because investors would change their strategies from seeking profits to minimizing taxes. They would pull money out of the market, lowering stock prices and tax receipts and invest in tax free bonds and long term investments like real estate.
The Left is upset with Bloomberg for not giving billions of dollars to elect Democrats. Maybe he has run the numbers and decided if Biden becomes president, he will lose billions.

HEARTLESS wrote:

koobookie wrote: Care to answer how the Trump will eliminate the deficit in the next 4 years as he promised?

Easy, eliminate the federal reserve, no more fiat currency, go back to the gold standard under treasury control, maybe limit size and function of IRS. Take all wealth collected illegally by the deep state, no debt. If you look up NESARA/GESARA or watch videos posted you would already know.

Is that the official Trump and Republican party platform? Doubt it.
Especially since you brought up the "Deep State" conspiracy.

FYI - I don't watch youtube videos, for the same reason I don't watch UFO "documentaries." Videos and movies are manipulated to cause an emotional reaction, just like infomercials. If you get your information from videos, you're being played.

HEARTLESS wrote:

koobookie wrote: Care to answer how the Trump will eliminate the deficit in the next 4 years as he promised?

Easy, eliminate the federal reserve, no more fiat currency, go back to the gold standard under treasury control, maybe limit size and function of IRS. Take all wealth collected illegally by the deep state, no debt. If you look up NESARA/GESARA or watch videos posted you would already know.

The gold standard will not work. There is only a limited amount of gold in the world, but the population keeps on rising. A gold standard will create deflation. Every year the population will increase faster than the amount of gold. So every year you won't get a raise, you will get a reduction in salary. When Britain was on the gold standard in the 17th century, wages for sailors stayed the same for over one hundred years!

Here is an 88 page pdf, not that you will read it.
gesarahelp.org/nesara.pdf

HEARTLESS wrote: Here is an 88 page pdf, not that you will read it.
gesarahelp.org/nesara.pdf

I will trust my BSBA with a double major in finance and economics over your PDF and 17th century economic theories. There is a reason no nations are still on the gold standard.