On Friday, Liberty Loft highlighted Pocahontas’ Plan for the destruction of America. This week, Senator Warren released her “Medicare-for-All” pandering promise, in which she claimed that businesses, banks, and wealthy Americans would be responsible for providing the funding necessary for her fundamental, socialist legislation that would leave our economy in ruin, two million without a job, and a national debt that would forever bankrupt our nation.
$52 trillion – an astonishing figure beyond human comprehension. In grade school, I recall sitting in math class, solving for x, dividing, and multiplying by large numbers that resulted in massive sums. However, over the weekend, I sat and thought about the figure – $52 trillion. Today’s politicians throw around amounts of money and financial statistics like drunken sailors.
So, how much is $52 trillion? Current U.S. government spending is $4.746 trillion. That’s the federal budget for the fiscal year 2020 covering October 1, 2019, to September 30, 2020. $4.746 trillion is 21% of US GDP, according to the Office of Management and Budget for FY 2020. Almost two-thirds of federal spending goes toward paying the benefits required by Social Security, Medicare, and Medicaid. These are part of mandatory spending. Those are programs established by prior Acts of Congress. So, by the numbers, $52 trillion is 13-times the current federal budget.
Let’s calculate this another way. At the beginning of 2019, below are the top ten countries with the highest GDP:
- United States: 21.41 trillion
- China – 15.54 trillion
- Japan – 5.36 trillion
- Germany – 4.42 trillion
- India – 3.16 trillion
- France – 3.06 trillion
- United Kingdom – 3.02 trillion
- Italy – 2.26 trillion
- Brazil – 2.26 trillion
- Canada – 1.91 trillion
Excluding the economy of the United States, the remainder GDP of countries 2-9 equates, $40.99 trillion – $11.01 trillion less than Warren’s “Medicare-for-All” disastrous policy. Simply put, in 10 years, Warren would spend more than the top nine national economies – and would need the economies of Russia, South Korea, Spain, Australia, Mexico, Indonesia, Netherlands, Saudi Arabia, and Turkey to equal her $52 trillion-dollar price tag.
Earlier this year, President Trump threw the Liberal-media into a tailspin when he commented on purchasing Greenland. Almost immediately following Trump’s tweet, the anti-conservative circus began to make claims that such a land transaction would equal America’s annual military budget of $533 billion. Perhaps Trump was onto something. Instead of spending $52 trillion on a failed and unrealistic policy, America could expand her territory, and purchase more properties than an over-achieving Monopoly player. Forget putting hotels on Boardwalk and Park Place, looking at the above economies; the United States could revive the idea of imperialism and expand its global reach while reaping benefits via taken territories’ natural resources.
Now, I am not serious about an imperialistic America. However, I want to bring into focus just how much $52 trillion is. Lunatic Lizzy has gone entirely insane; blame it on the paint chips eaten on the reservation as a child, who knows. The point is, America cannot, and will not be able to take on such a financial commitment – regardless of the objective. The facts are thus – America is not the world’s policeman, Elvis and Tupac are both dead, Warren is nuttier than a squirrel turd, and $52 trillion would bankrupt this country, or buy you 18 of them. Which would you prefer?
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