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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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We’re working with this administration, we’re talking with other members of Congress, but I’ll say this,’ she said. ‘If we can continue to fund these endless wars, or we can continue to put trillions of dollars into these forever wars, into the Defense budget even beyond what they asked for, if we can send money abroad to help elsewhere, then we have to make sure because we’re talking about things that are happening now.’
The Pentagon has requested a budget of $824 billion for fiscal year 2024.
Biden, on the campaign trail, said he supported a study of the idea of reparations.
‘Uncomfortable as it may be, our country was not founded on the principle that all people are created equal,’ Rep. Bush said, to raucous affirmations from the crowd behind her.
‘It was founded at the expense of the lives, freedom, and well-being of black people, African folks who they stole, whose enslavement, exploitation, and dehumanization. were written, written into the Constitution.’
The post Squad demands $14 TRILLION in federal reparations for descendants of slaves: Radical Democrats say the huge bill will be paid by reducing defense spending – and ‘trauma lives in the black body’ first appeared on Nwo Report.
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