Kamala Harris unveils economic plan — including a whopping $1.7T in handouts, fed ban on grocery store ‘price gouging’
By Diana Glebova, Josh Christenson and Victoria Churchill
Published Aug. 16, 2024
Updated Aug. 16, 2024, 6:53 p.m. ET
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RALEIGH, North Carolina — Vice President Kamala Harris on Friday unveiled the economic policies she would enact in her first 100 days in office — and it comes with a whopping estimated $1.7 trillion in handouts, as well as government price controls on groceries amid ravaging Biden-Harris administration inflation.
Her economic plan includes measures to dole out $25,000 to help first-time homeowners with their down payments and give up to a $6,000 tax breaks for lower and middle-income families who have a child in their first year of life. Harris did not say what incomes qualify as “lower” and “middle.”
The housing subsidies alone are “absolutely inflationary” and would “push a $2 trillion dollar deficit even higher,” Brian Riedl, a senior economic fellow at the Manhattan Institute, told The Post, referring to the already projected budget shortfall for 2024. Those subsidies make up just $200 billion of the total $1.7 trillion handouts pledged to voters.
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The “grocery price gouging” had me in a coffee thru my nose moment. I fired off a blog post — along with a slew of other people, academics, libertarians, and real economists — from across the political spectrum.
I was so distracted and enraged I “overlooked” the $1.7 trillion in handouts.
Clearly the woman has no economic sense of what causes empires to fall — debasement of the currency cause by overspending.
Argh!
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Reinke Faces Life 