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But the love of big government and the political power of the socialist Democratic Party is now so great that it is more important to them than our national security. Per the Cato Institute, the Obamacare “enhanced subsidies” that Democrats want to restore “are a costly reminder of how temporary government programs can become billion-dollar permanent entitlements.” The analysis urges that these temporary subsidies not be restored. Per the analysis, extending the temporary subsidies would increase the deficit by $350 billion over 10 years, increase overall spending by more than $488 billion and increase interest costs by $60 billion. Because the temporary COVID subsidies removed the 400% of poverty spending cap, some one-third goes to individuals with incomes above 400% over the poverty line. Further, per Cato, enrolment fraud is rampant, with “more than 6.4 million improper enrollees, costing taxpayers $27 billion in 2025.” Long-term budget projections from the Congressional Budget Office (CBO) show interest on the federal debt taking 3.2% of our GDP. That puts interest on our debt higher than our defence spending at 2.9%. CBO projects that interest on the federal debt will reach 4.1% of GDP by 2035 and continue to grow along with the ongoing bloating of our federal debt. The big government socialists are squeezing out our national security. We can’t let it happen. Star Parker is founder of the Center for Urban Renewal and Education
