The DSAs socialist plans carry a $212T price tag and every one of us will pay

It started in New York, but now democratic socialism is on a winning streak around the country.Months after Zohran Mamdani became mayor, candidates backed by the Democratic Socialists of America nearly swept the city’s June Democratic primaries.In Florida, DSA member Angie Nixon won the Democratic Senate nomination over the establishment favorite.And it’s not just the DSA’s own candidates: Socialist ideas are being laundered into the mainstream Democratic Party. In the upper Midwest, Abdul El-Sayed and Peggy Flanagan rode Sen.Bernie Sanders’ endorsement to win Democratic Senate primaries, campaigning on Medicare for All and expansive Green New Deal-like policies.They insist these sweeping expansions of government shouldn’t be called socialism, but both are key pieces of the agenda socialists are selling to America.   So I took the DSA platform — dubbed “A Day Without Capitalism,” it’s long on rhetoric and thin on details — and tallied up the costs. The bottom line: The DSA wants somewhere between $71 trillion and $212 trillion in new spending over the next decade.At the high end, total government spending could consume as much as 92% of America’s entire economic output. The DSA’s “no more bills” pitch is clearly enticing to Americans frustrated with high and rising prices. The socialists claim their plan will do away with rent.They’ll make health care free and forgive student loans.Their system will provide utilities, college and food at no cost to the consumer.  However, making something free at the point of use simply shifts the cost somewhere else — in this case, to taxpayers.Even with the government in charge, things still have to be paid for. Medicare-for-All-style health care needs doctors, nurses, hospitals and medicines; universal health care alone could cost $40 trillion to $70 trillion over a decade.A federal jobs guarantee means paying as much as $60 trillion to cover 10 years of wages for millions of Am...

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Publisher: New York Post

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