Free Republic

Elizabeth Warren has a plan for everything. Some of those plans are expensive. With Warren emerging as a front-runner in the Democratic presidential contest, Yahoo Finance tallied the cost of her plans. Altogether, the Massachusetts senator’s agenda would require $4.2 trillion per year in new federal spending, and a like amount in new taxes, if she paid for everything without issuing new debt. The federal government currently spends about $4.4 trillion per year, so Warren’s plans would nearly double federal spending. The Treasury takes in about $3.4 trillion in tax revenue each year, so if Warren levied new taxes to...

Sen. Elizabeth Warren’s refusal to answer repeated questions at Tuesday night’s debate about how she would fund Medicare for All underscores the challenge she faces finding a politically acceptable means to meet the idea’s huge price tag — a challenge that only intensified today with the release of an eye-popping new study. The Urban Institute, a center-left think tank highly respected among Democrats, is projecting that a plan similar to what Warren and Sen. Bernie Sanders are pushing would require $34 trillion in additional federal spending over its first decade in operation. That’s more than the federal government’s total cost...