The White House Council of Economic Advisers published a report on October 2, 2026, estimating the financial burden of adopting policies from the Democratic Socialists of America (DSA). It highlights the potential costs to American households and the broader economic impact.
Each American household may incur an additional cost of at least $350,000 over the next ten years, totaling an estimated $49 trillion for the DSA's proposed policies.
Policies mentioned include:
Reopening borders and offering amnesty to illegal immigrants.
Abolishing prisons and the Immigration and Customs Enforcement agency.
Providing government-subsidized healthcare to all citizens.
Canceling all student debt.
The report warns of potential economic repercussions, including:
Inflation rates possibly soaring to 160% over the next decade.
Interest rates on loans and mortgages reaching levels not seen in decades.
Job losses and pay cuts for American workers, with tax hikes potentially decreasing wages by nearly 30%.
A White House spokesperson asserted that socialism will not prevail in the U.S., emphasizing the current administration's focus on border security, energy independence, and economic investment.
The report serves as a caution against the adoption of socialist policies, arguing they could severely damage the economy and the American dream. The administration promotes its achievements in building a robust economy that benefits hardworking Americans.
https://www.wnd.com/2026/10/real-cost-socialism-report-cites-how-much-dsas/
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