President Donald Trump warned late Friday that Democratic policies would devastate America, citing an October 1 White House report projecting a $49 trillion decade-long cost. "The Democrat Social Agenda would cost Americans TRILLIONS of Dollars if they were elected to Office," he wrote on his Truth Social platform. "America as we know it would be completely destroyed, and make us a Third World Country.
We can’t let that happen. VOTE REPUBLICAN!!" His intervention turns a government economic analysis into a stark midterm argument over taxation, public services, immigration and household finances. Although Trump framed the proposals as the Democratic agenda, the government report he cited focused on selected policies associated with the Democratic Socialists of America (DSA), which is not the Democratic Party and describes itself as a political and activist organization rather than a party.
Newsweek emailed the DSA and Democratic National Committee outside of regular working hours on Saturday morning for further comment. Trump is presenting November’s election as a choice between Republican government and what he calls a ruinous Democratic agenda, while the report groups several DSA proposals into one projected scenario. Its headline numbers describe possible costs if those measures were adopted, rather than money that households currently owe.
Trump directed readers of his post to the Council of Economic Advisers’ analysis, describing the body as “much respected.” According to the report, adopting the featured DSA proposals would generate a $49 trillion taxpayer cost over 10 years, equivalent to more than $350,000 for each household. The calculation combines an array of changes spanning welfare, criminal justice, and immigration. Among them are reopening the border, granting legal status to undocumented residents, dismantling law-enforcement institutions, moving everyone into a government-run health system, and erasing education loans for all borrowers.
Officials argue that the resulting pressure would send everyday prices as much as 160 percent higher across the decade. Mortgage and loan rates would reach double digits, while tax increases would leave workers with nearly 30 percent less in their paychecks, a White House release says. Those forecasts are the administration’s estimates, not observed economic results.
They depend on the report’s assumptions about which proposals would take effect, how they would be designed, and how families, employers, and financial markets would respond. The DSA describes itself as the country’s largest socialist organization, with more than 100,000 members and chapters in all 50 states. It is a political and activist organization rather than a political party, operating through community and campus chapters that pursue electoral campaigns, legislative work, and direct action.
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