Dems Run on Absurd Economic Ideas... Part 2 of 3 - Granite Grok

Dems Run on Absurd Economic Ideas… Part 2 of 3

Leftists fall short in many areas. They are full of big, bold ideas. Ideas, most of which were on display during the last two Democratic 2020 presidential hopeful debates. It’s one thing to have an idea, but another to be able to transform it into reality.

Economic reality

Most of the big, bold ideas leftists manage articulate art just out of touch with reality. They do spend more of your children’s’ and grand children’s’ and your great grand children’s’ money. The sad part is, people think they sound good. In fact, good enough so voters are duped into supporting them.

America is not the richest country on earth. We are broke. Not only are we broke, but we owe more than $22.5 trillion. And we are still running $1 trillion per year deficits. We are borrowing to pay our current period bills.

If America was a business it would not be a going concern. What’s worse is that we have unfunded liabilities running to hundreds of trillions of dollars. Unfunded liabilities would be promises to Social Security, Medicare and pension systems.

A third party view

After the latest round of debates the Washington Post editorial board said it this way: “Why go to the trouble of running for president to promote ideas that can’t work?”

Everyone should make all the money.

Who doesn’t want to make more money? What if you could vote for your pay raise? Push a button for the person with a D beside their name. Watch that cash start rolling in. Bernie started it. It must work because they are going to pay for it. Well, maybe not.

But now, everyone with a D beside their name thinks it’s a good idea to force employers to pay $15 an hour or more. It doesn’t matter what work the employees perform. Because… never mind economic laws. You know those pesky things like supply and demand.

Do as I say; not as I do

Don’t pay attention to the fact that not even Bernie Sanders wants to live to his lofty wage standards. Look what he pays his own campaign workers. But things like facts don’t stop him. Reality does not stop any of the leftist candidates from promising the world to lower-skilled workers. It will all come at someone else’s expense they keep telling people.

Why not make the minimum wage $25 per hour? How about $100 per hour? Why not go for broke and make everyone multi-billionaires. Then, everyone can live in giant mansions. We can all have our sports cars parked in their beautiful, long, concrete driveways. It’ll probably take a wheelbarrow full of cash to buy a loaf of bread. It might take a truck load of cash to pay someone to do a simple home repair. But hey, hyperinflation is a small price to pay for ‘equality,’ right?

Reparations will solve racial income disparity.

This sounds good too. Heck many white people have been brainwashed into feeling guilty because they are white. This twisted version of “everyone should make all the money” defines everyone as preferred classes of people. Wait, what, is discriminating based on color, religion now a good thing?

Anyone who shares the skin color of those who may or may not have been descended from slaves hits the Lotto. But wait not all slaves and not all slave owners were black. And the fact slavery ended 160 plus years ago. No problem.

Wait my ancestors were not here then. How does that make me responsible. The leftists think it’ll get them votes. It will keep them out of the race-baiter doghouse. Virtually every Socialist candidate has embraced the idea of at least studying the issue. It’s hate mongering and vote buying.

Have we done anything?

But haven’t we spent billions of dollars spent on welfare, education, and social services? Weren’t those things supposed to have managed to even the racial income gap? Does anyone truly think another cash handout will the trick? If we keep doing the same thing and expecting a different result, that’s the definition of insanity.

Whatever happened to good old-fashioned capitalism and equality of opportunity? Those are the things that help the most minorities rise out of poverty. Yet they are suddenly dismissed. They are without value because of some pie-in-the-sky perception of what economic results should be.

Conclusion

If implemented, slavery reparations will be about as successful as the welfare state has been. The difference will be that the added racial component will damage race relations. Take it to the bank.