#1,709 - Squad member demands $14 Trillion in Reparations
News For Reasonable People
English - May 23, 2023 10:00 - 18 minutes - 13.3 MB - ★★★★★ - 7 ratingsInvesting Business Entrepreneurship san francisco trending news protests defund the police antifa blm seattle conservative republican journalism Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
A number of House Democrats led by Rep. Cori Bush introduced a resolution Thursday to reignite a push for federal reparations that would amount to over half the U.S. GDP.
The resolution states that the U.S. has a 'legal and moral' obligation to provide reparations for the enslavement of black people and calls for $14 trillion to be paid - 'at least the amount of the black white wealth gap,' Bush told DailyMail.com during a press conference.
The entire U.S. GDP was $25 trillion in 2022. The U.S. is already $31.4 trillion in debt and lawmakers are currently engaged in tedious negotiations over where to cut the budget so they can raise the debt limit.
The $14 trillion figure is in line with the findings of Duke University professor and economist William 'Sandy' Darity, who estimates the wealth gap is in excess of $300,000 per person and there are roughly 40 million black people whose ancestors were enslaved in the U.S.
Asked about the funding source of such a program, Bush suggested the nation reduce its spending abroad and on defense.
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