One of the four leading Democrats running for president, Bernie Sanders announced this week that, if elected, he'll spend $16.3 trillion over the next decade to decarbonize the economy.
All told, he wants to dump more than $16 trillion over 10 years on these and other boondoggles.
Of the four studies that have looked into it, the average cost works out to $3.5 trillion over 10 years.
Over 10 years, Sanders wants to spend: almost $33 trillion on Medicare for All, more than $16 trillion on a Green New Deal, $2 trillion on free college and debt forgiveness, $3.5 trillion on a jobs guarantee, and $1.8 trillion on new Social Security benefits.
Assuming that every one of these programs costs more than Sanders claims, the grand total would easily reach $6 trillion a year.
How would Sanders pay for all this? By repealing the Trump tax cuts? Making the rich pay their "Fair share"? Taxing the uber rich at uber high rates? Dream on.
So why aren't his fellow Democrats calling Sanders out for the monstrosity that his campaign is proposing? Because their plans are hardly any better.
https://issuesinsights.com/2019/08/23/bernie-sanders-the-6-trillion-man/
All told, he wants to dump more than $16 trillion over 10 years on these and other boondoggles.
Of the four studies that have looked into it, the average cost works out to $3.5 trillion over 10 years.
Over 10 years, Sanders wants to spend: almost $33 trillion on Medicare for All, more than $16 trillion on a Green New Deal, $2 trillion on free college and debt forgiveness, $3.5 trillion on a jobs guarantee, and $1.8 trillion on new Social Security benefits.
Assuming that every one of these programs costs more than Sanders claims, the grand total would easily reach $6 trillion a year.
How would Sanders pay for all this? By repealing the Trump tax cuts? Making the rich pay their "Fair share"? Taxing the uber rich at uber high rates? Dream on.
So why aren't his fellow Democrats calling Sanders out for the monstrosity that his campaign is proposing? Because their plans are hardly any better.
https://issuesinsights.com/2019/08/23/bernie-sanders-the-6-trillion-man/
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