War Room‘s Peter Navarro and Steve Bannon discussed the DSA, and their disastrous plan to drive up the national debt an additional $50 trillion if they were to gain power.
The Democrat party has been taken over by the DSA, which is basically a group of communists that are trying to take over the United States of America.
Their plans would include Medicare for all, massive wealth taxes, rent control, open borders, keeping illegal aliens in the US, the Green New Deal, defunding police, and abolishing prisons.
“We are over 100% of debt to GDP right now. That’s not a great place to be,” Bannon said.
“We have a hard enough time of what we are doing right now with what we inherited from Biden,” Bannon continued.
“If this plan, even the conception of this plan, if they ever get power in the House and the Senate. Forget the White House, House or the Senate, the bond market is going to go crazy,” Bannon warned.
“The debt to GDP ratio is not an abstraction Steve. The reason why it’s important is because it tells you how much of your tax dollars you need to pay service on the debt,” Navarro said.
“You get to thresholds where you really don’t have enough money coming in to pay for government things. You are just giving it to the debt holders,” Navarro warned.
“By the numbers, $50 trillion, Steve, $50 trillion of additional debt. That’s how you get to 254 percent debt to GDP ratio,” Navarro said.
“In how many years?” Bannon asked.
“2030 something,” Navarro said.
“It happens quickly, ok. It’s ramping up quickly,” Navarro continued.
“What they don’t want is really high value-added manufacturing jobs, and the reason is that creates people’s own wealth and ability. They don’t want that,” Bannon said of the DSA.
“The Democrat Socialists of America have no economic plan to grow the economy. The only thing they do is engineer a massive transfer of wealth,” Navarro warned.
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