Tag Archives: Democrat Platform

The Impact of the National Debt

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Author: R. Alan Harrop, Ph.D

We, the American taxpayers, need to be aware of the soaring national debt; primarily because we will ultimately suffer the consequences of this out-of-control spending. Let’s take a look at the facts. I strongly suggest that you sit down as you read this.

Much of the following data was obtained from the website www.us.debtclock.org as of the end of August 2024. The total debt is currently 35.2 trillion dollars. This debt, by far the highest of any country in history, is increasing at the rate of 1 trillion dollars every three months. This amounts to $268,000 per taxpayer. The debt to the Gross Domestic Product (GDP) ratio is 122% as compared to 35% in 1980. This is comparable to an individual having a debt that is 122% higher than their total assets and income. The interest alone on the national debt now amounts to 918 billion dollars per year, which is more than the entire military defense budget. This is clearly unsustainable.

The impact of federal spending on inflation is equally alarming. Compared to the year 2000, the price of essentials is truly shocking. For example, the average price of a new home is now $406,000 as compared to $166,000 in the year 2000. New cars now average $49,000 as compared to $22,000; annual healthcare now averages $15,000 as compared to $5,000; college tuition now averages $27,000 per year compared $11,000. Contrast these dramatic increases to the increase in median annual income that is now $39,000 compared to $32,000 in the year 2000. Clearly, the standard of living of the average American, especially the young, has diminished significantly, especially when you add the $268,000 we all owe on the national debt!

As we face the upcoming election, we need to evaluate the impact the Democrat and Republican platforms will have on the national debt and inflation. The Democrat platform, as far as we can tell, includes price controls, $25,000 gifts to first time home buyers, increases in corporate tax rates, allowing the Trump tax cuts to expire, a tax on unrealized capital gains, transferring student loan debt to others, and a wealth tax. History shows that none of these proposals will reduce the national debt or inflation–they will only increase government spending and reduce the incentive of the average person or corporation to invest.  Couple this with the money being spent to support illegal aliens, and the problem only worsens. For example, price controls lead to shortages in supplies and result in price increases. The Republican platform includes efforts to reduce the cost of energy by eliminating costly green energy programs and expanding the use of fossil fuels and nuclear power, reducing excessive government regulations, incentives to increase investments, and returning manufacturing to this country. Decreasing the cost of energy is essential to reducing inflation. The national debt crisis can only be solved by reducing the size of the federal government (e.g. abolishing the federal Department of Education and cutting the budgets of all federal agencies) and growing the economy by encouraging investment.

We have a very clear choice in the upcoming election. The fate of the economic survival of this country is on the ballot. Time to face reality.

Every Voter Needs To Read The Democrat Platform

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Yesterday The Daily Wire posted an article reporting on the vote for the Democrat party platform,

The article reports:

Democrats are more divided than they appear according to numbers released by the Democratic National Committee following their nominating convention last week.

Fox News reports that of the 5,000 delegates that voted on the party’s platform, widely recognized as the most progressive Democratic Party platform in years, more than a thousand delegates — around 25% of all attendees — voted against the decision to approve the party’s official policies.

You can read the Democrat platform here.

Some of the items in the platform are making Washington, D.C., the 51st state (which is unconstitutional and would require a constitutional amendment), and fighting voter ID laws (which they regard as disenfranchising voters, although statistics say otherwise). Democrats will fight to pass a Constitutional amendment that will go beyond merely overturning​ Citizens United ​and related decisions like ​Buckley v. Valeo ​by eliminating all private financing from federal elections. Citizens United was the decision that leveled the playing field in campaign donations–it allowed corporate donations. Those donations were the answer to union donations which had been allowed for years.

The Democrat platform includes the following:

Democrats will ban the manufacture and sale of assault weapons and high capacity magazines. We will incentivize states to enact licensing requirements for owning firearms and extreme risk protection order laws that allow courts to temporarily remove guns from the possession of those who are a danger to themselves or others. We will pass legislation requiring that guns be safely stored in homes. And Democrats believe that gun companies should be held responsible for their products, just like any other business, and will prioritize repealing the law that shields gun manufacturers from civil liability.

These are the first steps to ignoring a number of rights enshrined in the U.S. Constitution. Who is going to go into homes to see if the guns are safely stored? Who is going to decide if a person can be denied his Second Amendment rights without due process?

This is not a platform for a free people.