Nancy Pelosi is now exploring another incredibly stupid idea. Although she did not directly endorse the measure, she says we should look at a guaranteed basic income more closely.
Where do the liberals come up with such ideas? My guess is Cloward-Piven in which the two who came up with the idea of bankrupting the country to make it easier to slide into communism.
There are or at least were over 160 million Americans in the workforce. 22 million of them have been laid off. There are tens of millions of others who would be eligible for the payoff.
Let’s do the figuring based on just 1 million Americans.
Let’s assume that the number is $1,000 a month for 12 months. That would be $12 billion dollars. Now multiply that by 100 million Americans. That would be 1.2 trillion dollars per year and that is an extremely low estimate.
Estimates of the cost range as high as three trillion dollars a year.
In addition to that money Pelosi and the Democrats are fighting for the easily manipulated mail-in balloting.
Election Day’s only significance would be to tell the Democrats how many votes they would have to manufacture to win every election in America.
Speaker of the House Nancy Pelosi (D-CA) told MSNBC on Monday morning that the Paycheck Protection Program, which extends loans to small businesses to cover certain costs and to keep employees on payroll, was not sufficient and that lawmakers should begin weighing the option of a minimum guaranteed income, although she declined to explicitly endorse the policy position herself.
“Others have suggested a minimum income for — a guaranteed income for people. Is that worthy of attention now? Perhaps so,” Pelosi told MSNBC host Stephanie Ruhle on Monday morning after talking about the Paycheck Protection Program. “Because there are many more people than just in small business, and hired by small business — as important as that is for the vitality of the economy — and other people who are not in the public sector, meeting our needs in so many ways, that may need some assistance as well.”
The idea of a minimum guaranteed income recently gained popularity in the political sphere, in part, through heavy promotion from former Democratic presidential candidate Andrew Yang, who referred to his plan to give American adults $1,000 a month as “The Freedom Dividend.”
