- Moderator
- #1
Harris's newly released campaign promises are comprised of:
The construction of 3 million housing units is never going to happen. Neither Harris nor Congress has any way of achieving this outside of building incentives with federal subsidies, which only further exasperate government spending, and is still unlikely to achieve the goal and where exactly are these homes to be built? Good luck getting around the local red tape and NIMBYism. Furthermore, the government is the least productive entity. The Biden administration put $7.5 billion towards creating 500,000 new EV charging stations around the country. Three years later, a total of eight have been built.
Anyone with a basic understanding of economics can tell you that the $25,000 assistance proposal will merely raise home prices, thus reversing the improvement we've seen on declining inflation and much like the $6,000 child tax credit she is promising (Vance proposed $5,000), will only further add to our federal expenditures, running up the national debt, and sending us back towards an inflationary cycle.
The biggest issue facing this country is government spending and neither candidate is addressing this problem. Out of control government spending for years was one of the primary drivers of our recent inflationary cycle and both campaigns are only promising more of the same. They are not taking this issue seriously. Whoever Harris's economic advisors are should be fired.
- Taking on grocery price gouging
- $6,000 new child tax credit
- Construction of 3 million housing units over the next four years
- $25,000 assistance for first time home buyers
The construction of 3 million housing units is never going to happen. Neither Harris nor Congress has any way of achieving this outside of building incentives with federal subsidies, which only further exasperate government spending, and is still unlikely to achieve the goal and where exactly are these homes to be built? Good luck getting around the local red tape and NIMBYism. Furthermore, the government is the least productive entity. The Biden administration put $7.5 billion towards creating 500,000 new EV charging stations around the country. Three years later, a total of eight have been built.
Anyone with a basic understanding of economics can tell you that the $25,000 assistance proposal will merely raise home prices, thus reversing the improvement we've seen on declining inflation and much like the $6,000 child tax credit she is promising (Vance proposed $5,000), will only further add to our federal expenditures, running up the national debt, and sending us back towards an inflationary cycle.
The biggest issue facing this country is government spending and neither candidate is addressing this problem. Out of control government spending for years was one of the primary drivers of our recent inflationary cycle and both campaigns are only promising more of the same. They are not taking this issue seriously. Whoever Harris's economic advisors are should be fired.