Mayor Pete’s Latest Trillions: His ‘economic’ agenda is all spending and taxes and no growth.

The Purge

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Aug 16, 2018
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Pete Buttigieg is getting a hard look from anxious Democrats.

As a result, he’ll be getting more scrutiny for his ideas, and on Friday he released what he called “An Economic Agenda for American Families.” For a candidate who wants to occupy the moderate lane, Mr. Buttigieg’s policy details veer notably left. Some highlights:

• $700 billion—presumably over 10 years, but the plan doesn’t specifically say—for “universal, high-quality, and full-day early learning.” That includes giving “lower-income families” free care “from birth through age five.”

• $500 billion “to make college affordable.” That means free tuition at public universities for the 80% of students whose families earn up to $100,000 a year. Households under $150,000 would get discounts.

• $430 billion for “affordable housing.” That includes enabling “one million low-income families to become homeowners” through support such as “federal down payment assistance.”

• $400 billion to top off the Earned Income Tax Credit, which would “increase incomes by an average of $1,000 per year for 35 million American families.”

• $200 billion to “provide transition assistance for displaced workers and communities.”

• $80 billion to “deliver high-speed broadband internet to underserved communities.”

• $50 billion for “workforce training and lifelong learning.”

• A $15 national minimum wage, which includes eliminating “the tipped minimum wage and the subminimum wage” that today lets disabled workers and students in vocational training get into the job market and learn skills to advance.

• “An end to so-called ‘right-to-work’ laws” in 27 states, plus governance changes to “enable multi-employer bargaining and ensure that gig workers can unionize.”

This isn’t an economic agenda, and there isn’t a pro-growth item anywhere. It’s a social-welfare spending and union wish list.

(Excerpt) Read more at wsj.com ...

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Since demonRATS are insane and totally unable to perform simple arithmetic and apparently never heard of economics this doesn't mean much.

"What one person receives without working for another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else."Adrian Rogers.

*Pronounced "Butt-plug-plug."
 
All the left is running on is giveaways that will crush the working people and crash the economy.

To claim that the left knows anything about economics is hiding the truth.
 

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