GOP, speak up on costs

The Washington Times Daily - - EDITORIAL -

The Repub­li­can Party is fail­ing to ar­tic­u­late key facts, pri­mar­ily fi­nan­cial, af­fect­ing pro­posed and op­er­a­tive ma­jor leg­is­la­tion. This is akin to a bank fail­ing to in­form a cus­tomer that a credit card has been maxed out.

For ex­am­ple, in­ter­est on our na­tional debt of nearly $20 tril­lion is ap­prox­i­mately $300 bil­lion a year at cur­rent in­ter­est rates. This is the fourth-largest ex­pense item in the fed­eral bud­get. Cur­rent un­funded govern­ment li­a­bil­i­ties for pub­lic and pri­vate pen­sion guar­an­tees and for FIDC ex­ceed $100 tril­lion.

There are var­i­ous es­ti­mates for building the wall promised by Pres­i­dent Trump. Crit­ics com­plain about the cost, which has been cited at up to $25 bil­lion. Yet Repub­li­cans fail to point out that the cur­rent cost of not building the wall is even greater. They fail to point out that it cur­rently costs the govern­ment over $50 bil­lion a year to run illegal-im­mi­grant wel­fare pro­grams. Building the wall would save us per­haps $25 bil­lion each year, in that case.

Ad­di­tion­ally, an es­ti­mated 50,000 Amer­i­cans died from drug over­doses this past year. That death rate has dou­bled in the past eight years, ac­cord­ing to the Na­tional In­sti­tutes of Health. Most drugs are smug­gled through the por­ous Mex­i­can bor­der. There is no known es­ti­mate of the cost of treat­ing drug ad­dicts or its cost to our econ­omy, but it has to be equal to the cost of building the wall.

The cost of Oba­macare is in the head­lines, but why isn’t the Repub­li­can Party point­ing out the cost of sub­si­dies for needy peo­ple? This has been es­ti­mated at over $300 bil­lion a year and growing.

If Repub­li­cans con­tinue to ig­nore crit­i­cal fac­tors, needed pro­grams may not be im­ple­mented wisely (if at all), and ex­ist­ing pro­grams will be ad­dressed in iso­la­tion of all rel­e­vant fac­tors, es­pe­cially cost. The re­sult: When the fi­nan­cial col­lapse of Amer­ica comes, there will be noth­ing left for any­body.


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