Posted on 10/10/2020 6:03:26 AM PDT by Kaslin
When Democratic Vice Presidential nominee Sen. Kamala Harris recently said, “the economy is a disaster,” I thought of both the millions of Americans who get up and go to work every day grateful for the job they have and the many others who are not as fortunate.
Since Harris made the comment during the vice presidential debate, it has yielded a deeper discussion on taxes, spending and jobs, which is exactly what America needs. Whether you are a plumber, a teacher, a stay-at-home mom, or a CEO, the economic issues affect all of us. It decides what is left in our bank account, how intrusive the government will be in our lives, and indeed, whether or not we can get up and go to work. The vision laid out by the vice presidential candidates ought to help voters make an informed and educated decision in this election.
But what we didn’t hear at the debate were actual numbers – what these different visions would cost and how those costs translate to the economy. What do these both parties' platforms mean to you and your family? This is why the organization I am privileged to lead, The James Madison Institute, took on the challenge of diving into the facts and figures to answer those questions. We focused our attention on five critical swing states – Pennsylvania, Florida, Wisconsin, Michigan, and Ohio, the very states that will more than likely decide the election.
The Biden-Harris agenda would amount to more than $36 trillion over the next 10 years – yes that’s trillion with a “T.” They would repeal the Trump-Pence tax cuts, implement a complete government takeover of healthcare in favor of a socialized system, and enact the Green New Deal in favor of eliminating traditional energy sources. Examining these policies in the wake of a prolonged Covid economic downturn is shocking to state budgets – to the tune of more than $27 billion in shortfalls across the five states.
We all know that Washington, D.C. doesn’t create anything – they take and redistribute. The price tag for these programs will come from your household budget. How much? We took a look at that as well. A family of four in these battleground states would see a staggering increase of between $32,000 and $42,000 for a family of four, depending on the state. That is on top of existing federal tax responsibilities. So – tens of thousands more sent to the federal government by families across the country, in return for the hopes dreams of government doctors, solar power at night, and “free” college for all.
As with any debate, there was also heated rhetoric about job growth. JMI looked at the numbers empirically and when comparing job growth, our analysis revealed a stark contrast in annual job creation as a direct result of each candidate’s economic agenda. Imagine an economy that creates 144,000 fewer jobs per year in Florida, or one that creates 82,000 fewer per year in Pennsylvania, or 79,000 fewer per year in Ohio. Because that’s what the numbers say.
When seeing a number like 144,000 fewer jobs, it’s vital to know that each of these figures represents a person and their struggle – a new college graduate trying to start a career, an accountant trying to survive the next round of layoffs, the small business owner that can’t make payroll under the crushing regulations of D.C.
What we have all learned together this year is that the economy can turn on a dime, and policies matter greatly. We face a perilous fight to return to prosperity, and what happens in Washington, D.C. will filter down to each state in different ways. Both presidential candidates would approach America’s challenges differently, and their policy agendas absolutely reflect that. Those agendas will have tremendous and long-lasting impacts on our economy. It’s why we encourage everyone to vote like your economy depends on it. Because in so many ways, this year it truly does.
A Biden America will cost America America.
There will be no america upon the swearing in of Biden
Get ready now....... Nov 4 will be too late
What will a doctor do after Biden raises his taxes?
Raise his fees.
Will the price of electricity rise significantly under your administration, Joe?
Will the price of gasoline ...
Government already pays for 60% of US healthcare.
The British NHS works well and costs far less per person than US healthcare.
The cost? Liberty and freedom and democracy and all the wealth that comes from free market capitalism.
Here’s an extra $750, Joe, you can get the rest from the middle class to pay for your extravagent promises.
His truthful answer will likely be no.
As more natural gas becomes available, electricity prices will remain the same or be lower.
Gas is the result of previous fracking and additional fracking is not necessary for the short term
“Natural” The product or state of being from nature
Joe, you see trillions in stock wealth, but most of that wealth isn’t convertible into federal funding since the middle class can’t afford to buy enough stock to fund your follies.
Actually, the middle class retirement is invested in 401 k’s that inturn are invested in mutoal funsa and common stocks.
The middle class at present is dependent on a healthy and profitable market for corporate securities. The middle class net worth has had a very large increase during the Trump administration that is entirely the result of stock market gains and resultant 401 k increases
That increase in common wealth is hidden and certainly unmentioned by any socialist source
What happened in Chile when the new socialist leader went after the middle class?
This post was screened by FakeBook and didn’t find anything to flag, so it just ‘hid’ the comment.
Our Founders wanted to leave us a country whose leadership was free from foreign influence. And given the emergency powers the President wields, a special phrase was added to remind us of the importance of that point. Remember, her father became a US citizen later in life; her mother never immigrated here. And if I read her biography correctly, she was born in Oakland of parents here on visas (subject to the authority of the issuers of their passports). Her mother moved her up to Canada, and she returned in time to matriculate through a CA high school. Both parents’ country of origin practice jus sanguinis, or citizenship by bloodline instead of the feudalistic citizenship by location of birth.
You BETCHA
Why doesn’t that surprise me?
$36T is minor issue. Just write a check.
I’m thinking of getting a Bugatti Chiron tomorrow and will write a check. Someone will pay for it eventually.
And possibly no more Biden shortly thereafter if San Fran Nan has her 25th amendment way. The Pelosi, Newsom cartel will be in power.
HARRIS REGIME VS. CHI-COM REGIME? Folks we have absolutely nothing to worry about!
Exactly! Their plan is IN with a packed Supreme Court, IN with Puerto Rico and D.C. as states, and IN with granting 30,000,000 illegal aliens citizenship to vote for even more goodies. OUT with freedom, liberty, and prosperity.
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