In the bustling world of American politics, one topic often takes center stage: the economy. Recently, conservative commentators have been dissecting Vice President Kamala Harris’s proposals with a fine-toothed comb, claiming her plans could cost the American people more than they realize. Steve Moore, a seasoned economist and advocate for free-market principles, is sounding the alarm about what he calls “fiscal maniac” behavior emanating from the Biden-Harris camp. With a grin, Moore hints that spending in Washington is happening at a pace akin to a child with a bag of candy—it’s all too tempting to overindulge.
Discussing the national debt, Moore emphasizes that during the Biden administration, levels have soared to heights not seen in history. While Harris often critiques former President Trump and his economic policies, she seems to overlook the ballooning budget deficits created under her own administration. Interestingly, in a recent debate, the national debt barely got a mention. This is a curious omission considering that such numbers are the elephant in the room— or perhaps more fittingly, the heavy baggage being carried on the backs of taxpayers.
Moore points out that Harris’s recent spending proposals could lead to tax increases that some estimate could reach a staggering $5 trillion. This would not just be the largest tax hike in U.S. history but could effectively shatter businesses and the stock market—two critical components of the American economy. The economist suggests the core of Harris’s agenda is fundamentally anti-business. Under a potential Harris administration, he argues that entrepreneurs could face unprecedented hurdles that would stifle growth and innovation, leaving America to struggle under the burden of excessive regulation and taxation.
The conversation shifts, naturally, to healthcare—a hot-button issue that sparks fierce debate among the American public. Harris has made it clear in her proposals that she supports universal systems that would, in theory, provide free healthcare for all. Moore raises a red flag here, warning that expanding Medicare to include illegal immigrants and eliminating private insurance could have dangerous ramifications. Critics of such plans often refer to health care systems in countries like Canada and Britain, where long wait times for procedures have become the norm. It begs the question: how humane is a system where patients might wait months for urgent treatments?
Leading to the heart of the matter, Moore and his peers argue that while Harris positions herself as a champion of the middle class, the reality under her policies could paint a far different picture. Conversations with those who work hard for a living—like waiters and waitresses feeling the pinch of rising living costs—capture the disconnect between Harris’s rhetoric and the struggles faced by everyday Americans. Inflation, rising gas prices, and the increasing cost of homes create a storm of economic challenges that many feel are largely ignored by the current administration.
Amidst these economic woes, Moore’s insights draw a sharp contrast between Harris’s plans and the economic boom many associate with Trump’s presidency. As Moore asserts, a review of economic statistics reveals a clear trend: Trump’s policies have generally led to better outcomes in key areas like small business conditions and grocery prices. While the economic landscape can be complex, one thing is clear: the stakes are high, and the American people deserve transparency about what lies ahead as the political landscape shifts with each election cycle. In this theater of politics, the audience—American citizens—remains ever vigilant, trying to determine what future they are being led into.
