OCASIO-CORTEZ ECONOMICS

There seems to be a lot of misunderstanding about the economics beings espoused by Congresswoman Ocasio-Cortez, so here is a simple explanation, which should clarify it for everyone, and why she should be a Nobel Prize candidate!

In her economics, if for example the Government is going to spent 10 Billion Dollars on a project, but then decided to spend only 5 Billion Dollars, the Government has saved 5 Billion Dollars! Therefore, it now has 5 Billion dollars available to spend, so it can now use that 5 Billion to pay for the 5 Billion dollar project, so in essence the project doesn’t cost the tax payers anything! Even better, if they decide to cancel the project completely, the Government all of a sudden has an additional 10 Billion Dollars to spend!

That’s, in essence, what happened in the NY City, Amazon deal! Since NY City will not be giving Amazon 3 Billion in tax credits, Ocasio-Cortez was claiming that NY City now has an additional 3 Billion Dollars to spend on other projects!