Chairman's Blog

Our Future Is In the Hands of Idiots

February 14, 2019

Hands of Idiots

The Democrat leadership in Washington is a lot like a 7-year-old who doesn’t understand why her mom won’t buy her a pony. Unlike the Democrats, a 7-year-old has an excuse — she’s likely to think money comes from the back room of a bank; she doesn’t know any better.

Democrats should know, but they don’t act as if they do. We have a name for adults with the financial literacy of a 7-year-old. Idiots.

Here are the latest proposals by leading Democrats in Washington DC along with their estimated 10 year costs.

  1. Medicare for all … $32 Trillion
  2. Green New Deal… $50 Trillion plus
  3. Support of illegals … $1.5 Trillion
  4. Guaranteed paycheck … $5.0 Trillion plus
  5. Free college … $500 Billion

And in every case these estimates are based on the predictions of liberal groups.

Now the left, when confronted by the huge costs of these proposals, is fond of pointing to other ambitious tasks undertaken by the U.S. in previous decades. They most often point to the mission to put a man on the moon, the interstate highway system, and the New Deal.

And here’s where just a little research would help defeat their ignorance. The Apollo Moon program cost about $225 billion in today’s dollars. Building the interstate highway would run about $540 billion if built today. And the New Deal, admittedly a huge expense, cost about $700 billion in today’s dollars.

Here’s another way to look at it. The federal government currently spends about $4 trillion per year. And so far the left has proposed at least $89 trillion in additional spending over the next 10 years or an increase in federal spending of roughly 200%.

And, if that weren’t idiotic enough, they have proposed zero ideas as to where that $89 trillion will come from over the next 10 years.

About the only proposal they have for any added revenue is, “TAX the rich.” The problem is that even if they took 90% of the income from the wealthiest Americans to fund the federal government, they’d run out of money in about 6 months.

There’s another problem. Whether we even want all this government in our lives. For argument’s sake, let’s assume we could somehow pay for all of these things.

The question remains, do we really want the government in total control of our health care? Under Canada’s government health care program, you might have to wait 6 months for a simple MRI. Oops, too late, you are dead!

And do we want the government forcing us to brick over our fireplaces or junk our barbecue. Do we want them knocking on our door telling us to install solar panels on our roofs and wind turbines in our back yard?

And you know that trip to Hawaii you and the Mrs. were looking forward to? Sorry, no airplanes! Oh, and no airplanes also means no travel to visit the kids, no overnight delivery, no priority mail, no interstate business trips, and no helicopter ambulances.

Say good bye to 95% of all hotels, 100% of all airlines, 90% of car rental companies, most of FedEx, Amazon Prime and probably 50% of all restaurants. Say good bye to a substantial share of manufacturing, auto sales and service, high tech, and America’s defenses.

In fact, our entire economy could well grind to a halt as traditional energy sources disappear and new energy sources fail to deliver, or only work part time. And say good bye to the millions of jobs that would disappear as our economy collapses.

The left doesn’t seem to care. Or maybe they just haven’t considered the consequences of these outrageous proposals that virtually guarantee the total destruction of the American Financial system.

I’m amazed that anyone (including myself) pays a damn bit of attention to these crazy proposals. The left spews grandiose ideas without a peep about paying for any of it.

Well, here’s a grandiose idea someone in Congress should take seriously — let’s require people who make these big proposals attach a factually based estimate of costs.

Of course, that will never happen in Washington DC. A 7 year old understands finance better than the adults who are responsible for our laws and our economy. We should all be very afraid. Our futures are in the hands of idiots.

John Philip Sousa IV

John Philip Sousa IV is an entrepreneur, political activist, author and accomplished business person. John has worked in the financial services industry for over 40 years, built a highly successful marketing company, ran for congress at age 24, and in 2016 created and led the successful movement to draft Dr Ben Carson into his candidacy for President of the United States. John is author of John Philip Sousa, A Patriot’s Life in Words and Pictures and Ben Carson, RX for America.