Socialism will not be stopped with more socialism.
President Donald Trump’s proposal to pay every adult citizen $5,000 if the GOP holds the House and Senate this fall is a desperate gimmick that betrays a profound lack of seriousness about the looming fiscal crisis. “If the Republicans win, you win with us, and you get $5,000,” Trump said Wednesday night at the party’s midterm convention in Dallas.
This would cost an estimated $1.2 trillion next year, according to the Committee for a Responsible Federal Budget. The money would need to be borrowed on top of the $40 trillion national debt — and paid back with interest.
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