Posted on 11/07/2019 8:25:05 AM PST by karpov
One of the challenges presented by the leftward turn in the Democratic presidential primary race is effectively capturing the scale of the tax and spending proposals the leading candidates have put forth. The numbers regularly stretch into the trillions, or even multiple tens of trillions. To put that in contrast, a decade ago, early drafts of the health law that became Obamacare were viewed as pushing the boundaries of political acceptability because they ran just over $1 trillion over a decade. A trillion dollars! Even for Washington, that was a lot of money, an expansion of the size of government large enough to give some Democrats pause.
Today, Sen. Bernie Sanders (I–Vt.) says his Medicare for All plan would cost $30 or $40 trillion over 10 years. Sen. Elizabeth Warren (D–Mass.) has proposed $2.75 trillion worth of education policy reforms, and her notion that she could implement a single-payer health care system with just—"just"—$20 trillion in new federal spending is viewed by many as unrealistically low.
There is an element of unreality to these ideas, a sense in which they are meant as symbols and signifiers rather than practical, concrete agenda items. As Kate McKinnon's parody version of Elizabeth Warren said on Saturday Night Live this weekend, responding to a question about Medicare for All's enormous price tag, "When the numbers are this big, they're just pretend."
And yet—these are, in fact, real and nominally serious proposals from actual candidates who are actually running for president. So it is worth putting them in perspective, not only on their own, but in context with each other.
Sanders has proposed a whopping $97.5 trillion worth of new government spending over the next decade, according to an estimate by the Manhattan Institute's Brian Riedl.
(Excerpt) Read more at reason.com ...
I’m voting who whomever wants to spend a quadrillion dollars in 2021 to make my life wonderful.
...until you have no money left, that is.
(What these Delusional Lying Leftists don't tell you is it is THEIR Nirvana, NOT yours.)
She wants to pay off the National Debt? Good for her.
but don’t worry, there won’t be any knock-on economic effects from this
Ever wonder why people with metal detectors in Europe keep finding stashes of Roman coins buried in the ground around Roman settlements, in former latrines, etc...?
Americans will soon find out.
I appreciate that she just lays that out there. No one can say they didn’t know what her goals were.
She just wants to steal from us instead of marching us off to detention camps and killing us.
That is the “moderate” position in the Democratic Party these days.
Only $26 Trillion?
According to my calculations, that would be approximately $79,000 for every man, woman, and child (as well as those who are not sure about their gender or age identity).
Then when you translate the cost to TAXPAYERS, it is likely about $200,000 apiece. Is that per year? WOW. I am going to have to ask for a huge whopping raise.
CRAZY Bernie will do it anytime, anyplace, for only:
$25,999,999,999,999.99!
That’s right folks!
$25,999,999,999,999.99!
Crazy Bernie is Crazy. Squaw Grey Beaver is INSANE!
Well you are not calculating the other side of the ledger sheet. How much money is going to be saved by not paying any private health care premiums etc.?
She and her party want to first steal our wealth, then disarm us, THEN march us off to their re education camps.
And that is just a lie being told to hid the real costs
To fund all their fantasy spending scheme the Democrat Fascists Party is going to have to come up with at least $67 trillion
American voters better wake up. the entire Fed budget annually is currently $4.45 trillion. There is no amount of “saving other spending” or “wealth taxes” that can by dreamed up to pay of all this fantasy land spending.
Current national spending on health care is $3.5 trillion.
So you do the math. What $52 trillion minus $3.5 trillion?
Romans didn't bury coins made of zinc and cupro-nickel, did they?
BTW $3.5 trillion is public and private spending.
Cannot believe any Freeper would be taking this “saving other costs” lie from the Democrat Fascist party seriously. Did you all NOT learn your lesson when they lied to you about “Obamacare will be paid for by savings”
Is that per year?
Is the $52T over a ten year or longer period? The ENTIRE US GDP per year is $22T.
You are right. I had to look it up
$52 trillion over 10 years
$5.2 trillion per year just to pay for “Medicare for all”
$3.7 tillion per year just to pay for “The Green New Deal”
And remember these are the “projections” every single one of Lyndon Baines Johnson’s “ Great Society” schemes actual costs ended up being at least 10 to 15 times the “projection”
At a minimum the Democrats schemes being advanced in their agenda for 2020 would almost triple the size of the current Federal Budget.
Can you break that up into three easy payments?
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