Democrat presidential candidate and current Vice President Kamala Harris is all set to roll out her latest inflation-fueling proposal to rake in votes come November - a plan to hand out $25,000 in taxpayer funding to couples looking to buy their first home.
Who’s gonna pay for it? You, of course, via the almighty federal government's tax cash-stuffed coffers. And how, exactly, given that we’re already $35 trillion in debt with a $1.5 trillion deficit without a penny to spare? No idea.
But hey, details.
In the apparent absence of solutions to the border crisis, foreign conflicts, and skyrocketing consumer prices (save for a proposed price cap - hello, communism), the Harris-Walz campaign is scheduled to unveil their new plan to give $25,000 in downpayment assistance to working families who have paid their rent on time for two years and want to buy their first home.
Should Harris be elected president, of course.
Or, in other words, they plan to take $25,000 from people who already own a home they paid for, and from people who don’t yet own a home but who don’t meet the qualifications for this new plan, and give it to people who didn’t earn it but want to buy a house anyway.
“This plan will significantly simplify and expand the reach of down-payment assistance, allowing over 1 million first time-buyers per year – including first-generation home buyers – to get the funds they need to buy a house when they are ready to buy it," the Harris campaign said ahead of Friday’s rollout.
Related: Even The Washington Post Says Kamala's 'Price Control' Plan is 'Communist'
Silly me - I thought being “ready to buy” a house meant saving up the money to, you know, buy the house. Not taking the money from someone else because you don't have it yourself. But then again, Harris' platform rests on the socialist idea that we should all "end up in the same place," regardless of effort or sacrifice.
If you’re doing the math, by the way, here’s how these numbers turn out. If Harris' stated estimate that a million people will be able to purchase a home under this plan is correct, that comes out to…and carry the one….$25 billion per year, or $100 billion over four years.
The Harris campaign also suggested the plan will provide even more assistance for first-time, first-generation homebuyers, though they declined to give details. Cha-ching.
Notably, just like Biden’s student loan “cancellation” efforts, the proposal doesn’t include reimbursements for people who already purchased their home and who worked their tails off to scrape up the downpayment on their own, in case that's you and you were wondering where all your "free" cash is. You just get to now pay for someone else’s.
Enjoy that.
On top of shucking out everyone else's Benjamins for people to buy houses they couldn’t otherwise afford, Harris will also reportedly call for the construction of three million new housing units for both rental and purchase (cost unknown), as well as offer more tax credits for builders who construct starter homes for first-time homebuyers, and another $40 billion for an “innovation fund designated for rental and housing solutions.”
Whatever that means.
Welcome to socialism, where the benefits are made up and you don't matter.
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The Kamala Harris campaign was caught pushing fake news in Google Search ads. https://t.co/2fGADhHtSV
— MRCTV (@mrctv) August 16, 2024