Kamala’s “Glorious Economy” Fantasy – LN24

In the most recent episode of America’s struggle to maintain a facade of prosperity, we hear claims that the so-called “glorious economy” will somehow boost Kamala Harris’s standing in the polls. This comes at a time when the nation’s financial stability hangs by a thread, and the reality is far from the optimistic narrative being pushed. The staggering U.S. national debt is now nearing an astonishing $35.8 trillion. That’s right—trillion, with a “T.” It’s a number that most people can hardly comprehend. To put this into perspective, each American citizen carries an average debt load that exceeds $90,000.
But this figure doesn’t tell the whole story. When you factor in over $200 trillion in unfunded liabilities—money that the government is obligated to pay in the future but hasn’t set aside—every single person in the country, regardless of age or circumstance, is looking at a jaw-dropping debt of more than $600,000. Is this what they mean when they talk about “glory”? The weight of this enormous debt isn’t just a statistic; it has real consequences. The interest on this colossal sum is going to devour trillions of dollars in the years ahead, outpacing any investments aimed at improving infrastructure, healthcare, and education. It’s a looming crisis that threatens to overshadow the supposed economic victories being touted. The situation is dire, and the illusion of a thriving economy is quickly cracking under the pressure of these unmanageable figures. 
Harris’ disastrous price controls strategy
Kamala Harris has echoed President Biden’s actions and rhetoric to crack down on sky-high food prices by proposing the first-ever federal ban on “corporate price-gouging in the food and grocery industries”—a move that reeks of socialism. The Harris campaign wrote in a statement that there’s a big difference between fair pricing in competitive markets, and excessive prices unrelated to the costs of doing business. Americans can see that difference in their grocery bills. But hey … she is part of the current administration, right? Well Trump is definitely riding on that.
Price Controls: Still a Bad Idea   
The Harris campaign said the vice president will unveil the new federal proposed ban at a campaign rally in the battleground state of North Carolina as part of a broader economic policy platform. The proposal will ensure food companies can’t exploit consumers to increase profits. Harris’ policy speech will also call on the Federal Trade Commission and state attorneys to examine corporations violating price-fixing rules. Her remarks are expected to echo Biden’s actions and rhetoric, especially with his war against meat processing companies that he alleges are responsible for higher burger prices at the supermarket. VP Harris’ campaign argues that lowering Americans’ costs is a function of socialist-style price controls. Yet this is the quickest way to understand that Harris’ economic team has no actual understanding of inflation.
US debt rises $1 trillion every 100 days
Instead of curbing out-of-control government spending, which debt rises $1 trillion every 100 days, and understanding that monetary inflation driven by the Federal Reserve’s money creation is the root cause of inflation, Harris deflects the actual problem: The Fed. She instead goes after big corporations for ‘illegal price gouging.’ Harris’s approach misses the root cause of inflation, which is monetary inflation driven by the Federal Reserve’s money creation.
This year, the July budget deficit data revealed that the Biden administration spent another $574 billion in just one month, running a $243 billion deficit. Thing is inflation is not caused by corporate greed but by the government’s excessive spending and borrowing. Price inflation is a symptom of monetary inflation, which has everything to do with money creation by the Federal Reserve. Harris’s proposed policies, including price controls, would likely lead to shortages and exacerbate the problem rather than solve it.
Kamala Harris’s could lead to food shortages, hyperinflation, and economic collapse
Vice President Kamala Harris’s plan to tackle inflation could lead to food shortages, hyperinflation, and economic collapse, similar to what Venezuela experienced with price controls. In 2003, Chávez imposed price controls on essentials like milk, sugar, coffee, and meat. By 2011, these controls extended to everyday items like soap, detergent, shampoo, and toilet paper. This led to shortages of essential goods, which jumped from 5% to over 22% in just ten years. By 2015, inflation had nearly reached 70%, and by 2016, 82% of essential goods were scarce in Caracas, Venezuela’s best-supplied city. A survey by three top universities showed that by 2017, 93% of Venezuelans couldn’t afford food, with 60% losing around 11 kilograms that year. Empty shelves, long queues, and a booming black market became the norm. Domestic production collapsed as businesses found it unprofitable to operate under price controls, leading to a street economy where essential goods were illegally sold at inflated prices. Vice President Harris’s economic policies, which have already led to the worst inflation in 40 years, mirror those that triggered Venezuela’s financial collapse, leading to hyperinflation and widespread hunger. The Soviet Union and Venezuela have already tried this approach. Why is Vice President Harris looking to repeat it?
Joe Biden Is the President Of High Prices’: John Barrasso  
The Harris campaign clearly intends to continue spinning the Biden administration’s economic record as a success, and now to frame Harris as instrumental to that success. But the accomplishments that the president and vice president are celebrating this week are not real.
Kamala vs Trump: Taxes
Donald Trump’s economic policies, both during his presidency and as part of his campaign promises for a potential future term, revolve around several key themes. Trump’s policy has been centred around tax cuts. During his presidency, he signed the Tax Cuts and Jobs Act (TCJA) in 2017, which included significant reductions in corporate tax rates and changes to individual tax rates, although many of these cuts were set to expire. For his campaign in 2024, Trump has proposed making these tax cuts permanent, further reducing the corporate tax rate to 15%, and ending the taxation on Social Security benefits, among other measures. These policies aim to stimulate economic growth but have been criticized for potentially exacerbating income inequality and contributing to increased federal deficits.
Kamala’s plan includes providing a middle-class tax cut, which would benefit over 100 million Americans, including a $6,000 tax credit for new parents during the first year of a child’s life. This approach aims to provide immediate financial relief, contrasting with traditional child tax credits by focusing on the initial high-cost period of parenting. This independent voter was hoping Kamala would give her some answers during the presidential debate, but Kamala left her with more doubts and concerns.
Donald Trump considers eliminating the Federal Income Tax
Donald Trump considers eliminating the Federal Income Tax. Remember El Salvador’s President Nayib Bukele exposing The IRS & Excessive American Tax System are 100% unnecessary. The real problem is that you pay high taxes only to uphold the illusion that you are funding the government, which you are not. It’s shocking, but it’s true.