Close Menu
Online 24 NewsOnline 24 News
  • Home
  • USA
  • Canada
  • UK
  • Germany
  • World
  • Business
  • Technology
  • Health
  • Lifestyle
  • Entertainment
  • Sports
Trending

Exclusive | Anna Wintour is an out-of-touch dinosaur who must take fall for Met’s John Galliano flop, insiders say: ‘She should retire’

September 2, 2026

Lindsay Clancy verdict still within reach – retired Massachusetts judge pushes back on hung-jury predictions

September 2, 2026

Heidi Klum’s $8,300 Designer Bag Goes With Practically Everything — Get the Look for $24

September 2, 2026
Facebook X (Twitter) Instagram
Login
  • For Advertisers
  • Contact
Online 24 NewsOnline 24 News
Join Us Newsletter
  • Home
  • USA
  • Canada
  • UK
  • Germany
  • World
  • Business
  • Technology
  • Health
  • Lifestyle
  • Entertainment
  • Sports
Online 24 NewsOnline 24 News
  • USA
  • Canada
  • UK
  • Germany
  • World
  • Business
  • Technology
  • Health
  • Lifestyle
  • Entertainment
  • Sports
Home»News
News

Democratic socialism could cost the US a staggering $200 trillion, report reveals: ‘Closer to Soviet-style communism’

August 31, 20262 Mins Read
Facebook Twitter Pinterest LinkedIn Copy Link Email Tumblr Telegram WhatsApp

The Democratic Socialists of America are pushing for a federal government spending spree on everything from reparations to the green new deal that could top $200 trillion over the next decade, a shocking new report reveals.

The proposals from the far-left faction, which has enjoyed multiple high-profile election victories in the last year from Congress to New York City Mayor Zohran Mamdani, would result in government spending surging to 57% of GDP, according to the lower-bound estimate from libertarian think tank the Cato Institute.

In 2025, the US government spent approximately 33.8% of GDP.

DSA insists the funding for their pie-in-the-sky social programs will come from “aggressive wealth taxes on the richest individuals and corporations” — but in reality, taxing the rich would only cover a fraction of its wishlist, the report states.

“The DSA is selling people a bigger government and saying someone else will pay for it. It’s mathematically impossible,” said report author Adam N. Michel.

Among the priciest items DSA intends to pursue are universal health care, which would cost between $39.9 trillion and $75.4 trillion over the next decade; slavery reparations ($13.5 trillion to $28 trillion); and a federal jobs guarantee ($4.4 trillion to $60.4 trillion).

At the high end, government spending would reach an eye-popping 92% of GDP, according to the institute.

“It is hard to comprehend. It is closer to Soviet-style communism than European welfare states,” Michel said.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Email Reddit Telegram
Facebook X (Twitter) TikTok Instagram
Copyright © 2026 YieldRadius LLP. All Rights Reserved.
  • For Advertisers
  • Privacy Policy
  • Terms of use
  • Contact

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?