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

August 31, 2026
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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.

Members of the Democratic Socialists of America gather for a protest with red flags and a large banner.
Members of the Democratic Socialists of America gather outside of Trump Tower on May 1, 2019. Getty Images
People attending a Bernie Sanders rally in Brooklyn, with some holding Bernie Sanders cutouts.
Bernie Sanders supporters listen to the senator speak at a rally in Brooklyn in 2019. Getty Images

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.

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).

Alexandria Ocasio-Cortez speaks into a Fox 5 News microphone while campaigning for Zephyr Teachout.
Rep. Alexandria Ocasio-Cortez attends a rally for Zephyr Teachout in 2018 in New York City. Getty Images
New York City Mayoral Candidate Zohran Mamdani speaking to reporters.
New York City Mayor Mamdani is the Big Apple’s first socialist mayor. Getty Images

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.

The post Democratic socialism could cost the US a staggering $200 trillion, report reveals: ‘Closer to Soviet-style communism’ appeared first on New York Post.

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