{"id":2329014,"date":"2024-08-22T07:46:01","date_gmt":"2024-08-22T11:46:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/25000-for-homes-and-6000-for-kids-will-ruin-the-economy\/"},"modified":"2024-08-22T07:52:26","modified_gmt":"2024-08-22T11:52:26","slug":"25000-for-homes-and-6000-for-kids-will-ruin-the-economy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/25000-for-homes-and-6000-for-kids-will-ruin-the-economy\/","title":{"rendered":"$25,000 For Homes And $6,000 For Kids Will Ruin The Economy"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2F25000-for-homes-and-6000-for-kids-will-ruin-the-economy%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2329014&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Kamala Harris has proposed significant\u2062 financial assistance for first<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-9-of-the-10-worst-cities-for-first-time-home-buyers-are-in-california\/\" title=\"Report: 9 Of The 10 Worst Cities For First-Time Home Buyers Are In California\">-time home buyers<\/a> struggling in the current economy, promising a $25,000 grant for \u2062those who pay their rent on time for two\u2062 years, along with a $6,<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tax-filing-season-starts-today\/\" title=\"Tax Filing Season Starts Today\">000 child tax credit<\/a> for eligible parents. She also aims to \u2063combat rising\u2063 costs by addressing &#8220;price gouging&#8221; among businesses. Critics\u200b assert that her\u2063 proposals reflect a \u200cmisunderstanding of economics, as\u2064 the \u2062government cannot simultaneously \u200dincrease spending while\u200d reducing\u200d it. They \u200bquestion the feasibility of funding these initiatives and criticize the lack of \u200dconcrete policies. Furthermore, they argue that her measures could lead\u2063 to \u2063job losses as businesses \u2063react to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-trade-deficit-tops-1-trillion-for-first-time\/\" title=\"US Trade Deficit Tops  Trillion for First Time\">government-imposed restrictions<\/a> and costs.\u200d The response \u2064from Democratic leaders like Bernie Sanders and Elizabeth Warren attributes inflation\u200d to corporate greed, a claim criticized by opponents\u2062 who \u200bargue that inflation is driven by excessive \u2063money supply relative to goods available. skeptics doubt Harris&#8217;s ability to implement her ambitious proposals effectively, viewing them as \u200bunrealistic and potentially harmful to the economy.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div>\n<p>Kamala Harris is promising a massive payment to all first-time home buyers who complain they cannot afford to buy a home due to the economy under the Biden-Harris administration. Harris would also give the largest child tax credit ever to parents under a certain income level.<\/p>\n<p>Harris also promised to cut costs by reducing &ldquo;<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/harris-price-gouging-ban-merely-a-rhetorical-ploy-on-voters-sarah-bedford-washington-examiner\/\" title=\"Harris \u2018price gouging\u2019 ban merely a \u2018rhetorical ploy\u2019 on voters: Sarah Bedford - Washington Examiner\">price gouging&#038;rdquo<\/a>; by companies. Such Soviet-style government control over private industry will cause businesses to reduce employees to maintain profit margins. Harris either knows that and doesn&rsquo;t care or misunderstands basic economics. She has not released any hard policies, so we are left to guess.&nbsp;<\/p>\n<p>Regardless, government cannot simultaneously spend pallets of cash it has yet to print <em>and <\/em><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hayward-five-ways-the-coronavirus-pandemic-strengthened-authoritarianism-worldwide\/\" title=\"Hayward: Five Ways the Coronavirus Pandemic Strengthened Authoritarianism Worldwide\">reduce government spending<\/a>. However, it is campaign season and reality has officially been suspended.&nbsp;Harris promises to give $25,000 to all first-time home buyers if they pay their rent on time for 24 months and a $6,000 tax credit to people for each of their kids.<\/p>\n<p>No one has put a camera in her face and asked &ldquo;How are you going to find&nbsp;$25,000 per home buyer? Where will the money come from?&rdquo; &ldquo;What about people who lost their first home during Covid and are trying again to be homeowners?&rdquo;&nbsp;<\/p>\n<p>Will she take the cash from evil companies and hand it to home buyers? Will the wealth distribution be direct or indirect? Will the earmark be buried in a 10,000-page omnibus aid bill for Iran and Hamas? Is this like a high school kid promising chocolate cake for lunch and cancelation of all homework as his platform for student council president?<\/p>\n<h2>She Won&rsquo;t Deliver<\/h2>\n<p>Iif elected, Harris will not likely deliver on her freebie promises. There is no such thing as a free lunch &mdash; or downpayment. Congress and the Constitution will block her, and she will blame the evil Republicans. Rinse. Repeat. <\/p>\n<p>Even if that were not true, the smarter focus should be on cutting back on cost-prohibitive socialism and improving the economy so people can make their own financial decisions rather than lining up for a handout of $25,000 or a $6,000 tax credit. Imagine selling your vote for $37,000 to help you, your wife, and two kids, and getting none of it.&nbsp;That must be how many of the people Biden-Harris promised loan forgiveness feel. Too soon?<\/p>\n<p>For their part, the venerable Sens. Bernie Sanders, D-Vt., and Elizabeth Warren, D-Mass., conclude that inflation is really caused by one thing &mdash; greedy CEOs. CEOs are no greedier today than they were during the last five Republican administrations, but I did not hear past calls to take over private companies and tell them what they can charge for their products. Corporate salaries do not cause inflation. Too much money chasing too few goods does.&nbsp;<\/p>\n<p>Also, who thinks Harris, or any president, could take on the whole of American industry and make it collectively bend the knee? If Harris is elected and any of her policies harshly impact the bottom lines of small and big businesses, companies will reflexively cut staff to decrease operating costs to cover the hit. Unemployment would skyrocket. Costs of supporting the unemployed fall on the shoulders of the taxpayers. This would move money around and not fix anything.&nbsp;It certainly wouldn&rsquo;t reduce the federal deficit.<\/p>\n<p>A common Democrat response to the concept that businesses will implement workarounds for crazy policies is that the feds would prohibit companies from imposing such layoffs. Sure. How far would this takeover of the means of production go? All the way to communism, or would it pull up just short?<\/p>\n<h2>Soviet Style<\/h2>\n<p>In 2009, a famous leader accused a resident business owner of unbridled greed to the detriment of his workers and likened him and others like him to cockroaches. He said: &ldquo;You have made thousands of people hostage to your ambitions, your lack of professionalism &mdash; or maybe simply your trivial greed.&rdquo;<\/p>\n<p>He humiliated the executive on video by making him sit in front of an audience and sign paperwork to use his personal money to fill orders and pay employees more money to restart a company town. It was Vladimir Putin, and the executive was Oleg Deripaska, an aluminum company owner who is now broke.<\/p>\n<p>Harris is promising to sprint down that path. The most profitable U.S. companies (measured by profits per employee) include Apple, Pfizer, Netflix, Microsoft, Alphabet, and Meta &mdash; all massive donors to Democrats. Does anyone think Harris will drag before her and humiliate their CEOs on national television and take their compensation or shareholders&rsquo; money and redistribute it to cover $25,000 for first-time home buyers?<\/p>\n<p>Our elected officials should focus on establishing long-term health of the economy so people can make their own decisions with their own money, not making promises to break their employers and hand people &ldquo;free&rdquo; stuff in exchange for their votes.<\/p>\n<p>If Harris won&rsquo;t answer the &ldquo;how&rdquo; question, it is up to Team Trump to explain why none of this will happen, that these promises are all lies, and that any miraculously kept plans would boomerang on us as a country. If conservatives fail to do that, Americans could get a hard taste of Marxism that will require decades to rinse from their mouths. <\/p>\n<p>As we know, people can vote their way into socialism but have to shoot their way out. We should avoid that at all reasonable costs and the time to do so is now.<\/p>\n<hr>\n<p>      Thomas Crist is a husband, father, lawyer, and political conservative who loves his country and despises all myopic hypocrisy regardless of its source.<\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kamala Harris is pledging significant financial assistance to first-time home buyers who express difficulty affording a home in the current economic climate attributed to the Biden-Harris administration. Additionally, she plans to offer the largest child tax credit in history for parents within a specific income bracket. Harris has also vowed to lower expenses by tackling &#8220;price gouging&#8221; from companies. However, such government intervention in private industry could lead businesses to downsize their workforce in order to maintain profit margins. It remains unclear whether Harris is aware of this consequence or simply misunderstands fundamental economic principles, as she has yet to present concrete policies.<\/p>\n<p>Despite her promises, it\u2019s important to recognize that government cannot simultaneously distribute large sums of money it hasn\u2019t generated and cut its own spending. As campaign season unfolds, reality seems suspended. Harris claims she will provide $25,000 for first-time home buyers who consistently pay their rent on time for two years and a $6,000 tax credit per child.<\/p>\n<p>No one has pressed her on how she intends to fund these initiatives or what support will be available for those who lost their homes during COVID-19 and are trying again. Will she redistribute funds from corporations? Will this wealth transfer be direct or hidden within extensive legislation? Her promises seem reminiscent of a high school student campaigning with unrealistic incentives.<\/p>\n<p>If elected, it&#8217;s unlikely that Harris will fulfill these lofty promises; after all, there\u2019s no such thing as free money\u2014Congress and constitutional limitations would hinder her efforts while she&#8217;d likely blame Republicans for any failures. Even if that weren\u2019t the case, a more prudent approach would focus on reducing burdensome socialist policies and enhancing the economy so individuals can make informed financial choices rather than relying on handouts.<\/p>\n<p>Promising $37,000 worth of benefits might feel like selling one\u2019s vote without receiving anything in return\u2014a sentiment echoed by many who were promised loan forgiveness under Biden-Harris policies.<\/p>\n<p>Senators Bernie Sanders and Elizabeth Warren attribute inflation solely to greedy CEOs; however, corporate salaries have not changed significantly over previous Republican administrations without similar calls for intervention in private enterprises. Inflation stems from an excess of money chasing limited goods\u2014not executive compensation.<\/p>\n<p>Moreover, can anyone realistically expect Harris or any president to compel American industries into compliance? If her policies negatively impact businesses&#8217; profitability significantly enough that they must reduce staff numbers as a response\u2014leading unemployment rates to soar\u2014the burden would ultimately fall back onto taxpayers without resolving underlying issues or decreasing federal deficits.<\/p>\n<p>A common Democratic retort suggests federal restrictions against layoffs due to extreme policy measures; but how far would such governmental control extend? Would it veer into communism?<\/p>\n<p>In 2009, Vladimir Putin publicly shamed an aluminum company owner over perceived greed affecting workers\u2019 welfare\u2014a tactic reminiscent of Soviet-style governance\u2014and demanded he use personal funds for employee wages amid company struggles. <\/p>\n<p>Harris appears poised along this same trajectory: targeting highly profitable U.S companies\u2014many major Democratic donors\u2014for potential redistribution efforts aimed at funding her proposed assistance programs seems implausible at best.<\/p>\n<p>Elected officials should prioritize fostering long-term economic stability enabling individuals\u2019 autonomy over their finances instead of making empty promises designed merely as electoral bait.<br \/>\nIf Harris fails to clarify how these initiatives will materialize financially\u2014it falls upon Trump\u2019s team (or conservatives) not only explain why these proposals are unrealistic but also warn citizens about potential repercussions should they come into fruition.<br \/>\nHistory shows people may vote themselves into socialism but often find themselves needing drastic measures just escape it later; thus we must act now prevent such outcomes at all costs<\/p>\n","protected":false},"author":1884,"featured_media":2329015,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/thefederalist.com\/wp-content\/uploads\/2024\/08\/4096px-GSFC_20211105_2022-1529-0_077_51663718447-scaled-e1724208487280.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[35077,9168,38928,32412,4344],"class_list":["post-2329014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-economic-impact","tag-economy","tag-financial-aid","tag-government-spending","tag-housing"],"fifu_image_url":"https:\/\/thefederalist.com\/wp-content\/uploads\/2024\/08\/4096px-GSFC_20211105_2022-1529-0_077_51663718447-scaled-e1724208487280.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2329014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1884"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2329014"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2329014\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2329015"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2329014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2329014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2329014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}