• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Cori Bush’s $14 trillion reparations proposal would equal nearly 7 Afghanistan wars in spending
Economy

Cori Bush’s $14 trillion reparations proposal would equal nearly 7 Afghanistan wars in spending

by May 20, 2023
by May 20, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Rep. Cori Bush, D-Mo., said that if the U.S. can finance trillion-dollar wars, it can fund reparations. But Bush’s astronomical $14 trillion reparations proposal would cost nearly seven times that of the Afghanistan war.

The Missouri Democrat introduced her reparations proposal this week to compensate for what she believes are racist government policies that created a wealth gap between White and Black people. 

During a press conference on Wednesday, the ‘Squad’ member said the U.S. has ‘a moral and legal obligation to provide reparations for the enslavement of Africans’ to atone for the harm it caused. 

‘Black people in our country cannot wait any longer for our government to begin addressing… all of the harm it has caused since the founding, that it continues to perpetuate each and every day all across our communities, all across this country,’ Bush said during the press conference.

‘Let us speak this truth, uncomfortable as it may be: Our country was not founded on the principle that all people are created equal,’ she continued. ‘It was founded at the expense of the lives, freedom and well-being of Black people, African folks who they stole.’

When a Fox News Digital reporter asked where the federal money would come from for the massive proposal, Bush said they were still hashing out the details. She added that if the country can finance costly wars, it can generate money for reparations.

‘We’re still having those kinds of conversations,’ Bush said. ‘We’re working with this administration, we’re talking with other members of Congress… but I’ll say this, if we can continue to fund these endless wars, or we can continue to put trillions of dollars into forever wars… we’re talking about things that are happening now.’ 

Bush’s proposal would carry a price tag equivalent to almost seven times that of the Afghanistan war. The 20-year war is estimated to have cost the U.S. around $2.3 trillion, according to Brown University’s Costs of War Project. 

Bush’s federal proposal follows a growing push for reparations in several cities, most notably in San Francisco. In 2021, a coalition of progressive city leaders banded together to form Mayors Organized for Reparations and Equity (MORE) to provide the federal government with a blueprint for implementing a national program, Fox News Digital previously reported. 

‘Our coalition stands on the belief that cities can — and should — act as laboratories for bold ideas that can be transformative for racial and economic justice on a larger scale, and demonstrate for the country how to pursue and improve initiatives that take a reparatory approach to confronting and dismantling structural and institutional racism,’ the group said of its mission.

MORE has included several heavy-hitting Democratic mayors who have put into motion or implemented reparations pilot programs in their cities, such as former Providence, Rhode Island, Mayor Jorge Elorza; St. Louis Mayor Tishaura Jones; Sacramento, California, Mayor Darrell Steinberg; and former Los Angeles Mayor Eric Garcetti. 

The White House has refused to say whether President Biden supports reparations for slavery and instead said it is ‘going to leave it there for Congress to decide.’

Bush’s office did not immediately respond to a Fox News Digital request for comment.

Fox News Digital’s Elizabeth Elkind contributed to this report.

Joe Schoffstall is a politics producer/reporter for Fox News Digital. Story tips can be sent to Joe.Schoffstall@Fox.com and on Twitter: @joeschoffstall

This post appeared first on FOX NEWS
You Might Also Like
  • Jane Fonda says Harris-Walz ticket is ‘only hope’ to beat ‘orange man’ in campaign call with climate activists
  • WATCH: Biden claims without evidence he was at Ground Zero on day after 9/11 attacks
  • Sketch artist responds after critics rebuff him for portraying Trump as ‘too young,’ ‘good looking’
  • ‘Nail in the coffin’: Grocer turned House lawmaker trashes Kamala Harris’ price control plan
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Michigan to sustain $883M revenue blow after tax cuts
next post
Sucker Rally?

You may also like

Biden policy to release illegal migrants without court dates suffers...

May 17, 2023

Joe Manchin vows to fight Biden’s war on appliances: ‘Not...

June 14, 2023

How VP Harris is narrowing down her list of vice...

July 25, 2024

House Democrats invite ex-Giuliani associate Lev Parnas as Biden impeachment...

March 20, 2024

Santos admits he dressed up as a woman for ‘fun,’...

January 22, 2023

House Republicans blast ‘cry wolf’ conservatives who tanked FISA renewal...

April 11, 2024

House leaves for the year with critical battles still on...

December 16, 2023

French PM to resign as leftists nab majority of parliamentary...

July 7, 2024

China attacks on Philippine boats are to provoke US, prep...

June 18, 2024

Johnson rips Biden’s threat to veto $17B Israel aid bill...

February 7, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

      May 30, 2025
    • Nvidia results spark global chip rally

      May 30, 2025
    • Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says

      May 29, 2025
    • Nuclear Power Trio: OKLO, SMR, and CCJ in Focus

      May 29, 2025
    • Analyzing SIL, USO, and NVDA: Could These Bullish Patterns Trigger?

      May 29, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,764 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,470 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,450 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,431 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,307 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,105)
    • Investing (538)
    • Stock (2,578)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’...

      May 30, 2025
    • Nvidia results spark global chip rally

      May 30, 2025
    • Boeing to resume airplane deliveries to China next month, ramp...

      May 29, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,105)
    • Investing (538)
    • Stock (2,578)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Jordan opens probe into intel community’s...

    November 2, 2023

    Rep. Bowman says there must be...

    November 5, 2023

    Blinken meets with China’s top diplomat...

    February 19, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here