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