Funding of proposals

It’s as if she was coached in economics by Emma Alberici …

Over the weekend, American political and legislative phenom Alexandria Ocasio-Cortez published the “details” of her Green New Deal proposal.  When asked how this plan would be funded, Ocasio-Cortez replied:

with public money appropriated by Congress.

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24 Responses to Funding of proposals

  1. The BigBlueCat says:

    Yeah, well, AOC is stark raving mad!

  2. Mother Lode says:

    I take it AOC considers the original New Deal by FDR was a success, so she is just upping the stakes.

  3. Bruce of Newcastle says:

    I don’t know what the mystery is. You just pay for it!

    Ocasio-Cortez calls question about how to pay for Medicare for all ‘puzzling’ (6 Nov)

    In an interview with Jorge Ramos last week, Ocasio-Cortez was asked how she would pay for the multibillion-dollar health care plan promoted by liberal lawmakers like Sens. Bernie Sanders, I-Vt., and Kamala Harris, D-Calif. Ramos noted critics say the program would be “more expensive” than the current system, to which she answered that people would “just pay for it.”

    “People often say, like, how are you going to pay for it and I find the question so puzzling because ‘How do you pay for something that’s more affordable? How do you pay for cheaper rent?’ You just pay for it,” she said.

    She can always buy one of these on the internet to just pay for it. There might even be enough over for her to pay her not entirely cheaper rent.

  4. bemused says:

    Clearly people don’t get it. When the government runs out of other people’s money, it simply prints new money. What’s not to understand?

  5. Anthony says:

    Noah Smith at Bloomber discussed her plan the other day – see here.

    It is impossible to know how much it would cost. Smith suggests $400 billion per year for renewable energy generation. The Universal Basic Income and Green Renovations of every building in the USA would be in the trillions most likely.

  6. max says:

    The Greenbackers believe in The perpetual motion machine

    They believe in interest free money issued by congress.

    They do not understand that interest is human phenomena.

  7. Old School Conservative says:

    Why would the average American care about or understand the levels of government expenditure after so many years of being desensitised with excessive use of the terms Billions/Trillions.

  8. Bruce in WA says:

    with the public‘s money misappropriated by Congress.

    I fixes it!

  9. Bruce in WA says:

    Looks more like I broke it! That opening quote mark ‘ should of course be an apostrophe ’.

  10. Roger says:

    Appropriated is the operative word here.

    They’ll steal it from present and future generations of Americans who’ll have to suffer a decline in the value of their savings, higher prices and falling economic growth.

  11. bemused says:

    They’ll steal it from present and future generations of Americans who’ll have to suffer a decline in the value of their savings, higher prices and falling economic growth.

    Are you suggesting that Socialism will fail? But AOC and her supporters will do Socialism properly, it can’t fail.

  12. John Constantine says:

    She is right.

    The State cannot run out of fiat currency.

    The proles can run out of the willingness to accept it has any store of value, but as long as the State has paramilitary death squads, the fiat currency can be insisted upon as their chosen medium of exchange.

    As in, you get to exchange your support of their fiat currency for the right to spend one more day out of the gulag.


  13. cui bono says:

    We do that now. What’s new?

  14. Baa Humbug says:

    We’re stuck with fiat currencies, so I say we should have lots of it. Ergo…
    Each US state should have its own floating currency, as should each Australian state.

    A Tasmanian Tiger note would be worth about 10% of a Queensland Toad Note, a South Australian Crow would be worth 5% of a NSW Waratah and so on.
    As each commie trashes his state with redistribution and other socialist acts, their economy would tank without much affecting other states.

    Best way to wake people up. Give them their own local currencies.
    Socialism would end in a hurry (well, maybe).

    p.s. Would it not be a worthwhile exercise for an economic boffin to write up a paper detailing what each state’s currency would be worth were they to issue their own currencies?

  15. Ian MacCulloch says:

    The level of questioning by the media at the time highlights the inadequacy of the media in general having enough wit to ask the next level question. We all might be better informed if they did.

  16. Bruce of Newcastle says:

    The State cannot run out of fiat currency.

    Venezuela hasn’t run out of currency.
    It has run out of toilet paper.
    Unfortunately if you use the latter for the former your loo clogs up.

  17. Bruce of Newcastle says:

    Oops, other way ’round. Bogging your bog with trillion bolivar notes would be a bummer.

  18. Louis says:

    She has taken campus politics to the big house. I’m sure in her bubble it all makes sense and the media are doing their utmost to protect her from the truth or criticism.

    I think she will only get more radical, especially with her guilt by imagination stuff and her racism.

  19. Jock says:

    She seems to have forgotten to put these words on the end of her answer: ” from all Taxpayers particularly well off taxpayers”.

  20. Squirrel says:

    Given the fondness of Hollywood for remakes, one of the studios should get in early with ‘All The Queen’s Women’ which would be oh so topical –

    “Long’s Share Our Wealth plan was established on February 23, 1934 with the motto “Every Man a King.” To stimulate the economy, Long advocated federal spending on public works, schools and colleges, and old age pensions. Long argued that his plan would enable everyone to have at least a car, a radio, and a home worth $5,000.” [from the Wikipedia article on Huey Long]

  21. Wozzup says:

    ” When asked how this plan would be funded, Ocasio-Cortez replied:

    with public money appropriated by Congress” ”

    It’s a miracle. A miracle, I tells ya.!
    AOC has discovered………………..that there is a magic pudding. And it can give you all you want for ever and ever. It is the magic pudding otherwise known as robbing from “the rich” (i.e.those who work) and giving the proceeds of that theft to those who do not work, all the while funding their pet projects and grand schemes.”
    Sadly its the same magic pudding discovered by left leaning halfwits everywhere (and if it comes to that, everywhen). Truly AOC is too dumb, too lacking in intellectual curiosity to understand that wealth has to be created. And if people are punished for creating wealth then they stop creating it and the Ponzi Scheme falls in a hole.

    Like other dumb people who have managed to get their arses on ato a seat of power she truly is the gift that keeps on giving.

  22. Lee says:

    AOC has toddler-level understanding of economics.
    She has a similar level of understanding of other areas of public policy.
    A perfect fit for the Democrats, and even more so the Australian Greens!

  23. Crossie says:

    with public money appropriated by Congress.

    She is correct, the parliament voted that the government can appropriate your money and possessions, the only variable is how much. AOC is merely advocating all of it.

  24. bemused says:

    Maybe they could start using cryptocurrency, that looks like it’s doing well.

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