Arguably the first major “dumb” moment for Alexandria Ocasio-Cortez was when she replied to a question about paying the $32 trillion price tag associated with Medicare-for-All. She said, “You just pay for it.”
Conservatives were laughing at the response while many Independents and even some Democrats were scratching their collective heads. But she meant exactly what we said. Let’s put a pin in that for a moment and move on to an interview Kamala Harris did with CNN.
Even the Democrat-friendly CNN reporter couldn’t help but press Harris about how she plans to pay for Medicare-for-All without raising taxes on the middle class. Bernie Sanders has acknowledged he’d have to raise taxes to pay for Medicare-for-All. What strange math does Harris know that Sanders does not? Is it simply artful dodging of the question over and over again as the Senator kept calling it an “investment”? Is she just pandering, knowing darn well she’ll have to raise taxes on everyone in order to fund socialized medicine but pretending like she won’t? Or is she being absolutely serious?
I’m going with that. She’s saying what she means. In essence, she’s saying what AOC said. Harris is just going to have the U.S. government pay for it even if tax dollars won’t cover it.
At this point one might be thinking that both Harris and Ocasio-Cortez are delusional. If that were the case, I wouldn’t be too worried. But they’re not delusional, at least not to the point that they don’t really know what they’re insinuating by saying the government is going to “invest” in Medicare-for-All and we’re just going to pay for it. There’s only one way to do this without drastic tax increases. It’s called Modern Monetary Theory and AOC has been on board with the disastrous concept since before she was elected. Now, it seems Harris is going to invoke the same methodology to pay for her version of Medicare-for-All and whatever else she has up her sleeve.
In essence, Modern Monetary Theory erases the fear of budget deficits and skyrocketing national debt by printing money. And more money. And again. Rinse. Repeat.
It’s the precursor for hyperinflation, though its proponents claim otherwise. They’ll tell you we’re already running trillion dollar deficits and nothing bad is happening, so why not keep going? Why not run five trillion dollar deficits? Or more? The government and the Fed have the power to keep printing as much money as they want, and as long as the U.S. Dollar is the world reserve currency, there’s really no way for hyperinflation to set in.
But it will. There’s no possible way to avoid it once the world takes note because they’ll instantly seek other avenues to replace the Dollar. That includes OPEC and the designation of the petrodollar being shifted. Nobody wants to rely on a currency that is being devalued by its own government. They’ll bail. And when they do, hyperinflation will set in.
When radical progressive politicians give strange responses about how they’re going to pay for their huge projects, take them at their word when they say they’ll just pay for it. They have a plan in mind that’s more dangerous than anything our economy has faced.
We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.
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