Elizabeth Warren (or “Elizanomics”) is absolutely CRAZY!
Col Mike Walker, USMC (retired)
Here is reality in four numbers:
(1) American household wealth: $100.8 trillion 2018 (that is a “T”!)
(2) Combined wealth of all 2,153 US billionaires in 2019: $8.7 trillion
(3) Projected Federal expenditures for 2019: $4.7 trillion
If we took everything from the billionaires and threw them out homeless on the streets of San Francisco then their total wealth would only run the US Government for about twenty-two (22) months.
(4) Add in the Green New Deal cost that includes Medicare-for-all, free college tuition, free jobs, etc, etc and you add a whopping $51 Trillion at the low end or $93 Trillion at the high end over ten years.
That cuts the 22 months down to 11 or 9 months – less than one (1) year!
After that, we would be right back in the same fiscal mess of unsustainable BIG GOVERNMENT overspending – or far worse with New Green Deal!
The bad news is that America would go broke and the world would fall into a Great Depression like the 1930s.
The good news is that future generations would avoid big government socialism like the plague.
For us it would be the worst disaster in American history.
Elizanomics is stone-cold CRAZY!
