Vox Publishes A Piece Showing Bernie Sanders’ Free Everything Program Will Cost A STUNNING Amount Of Money
The leftist site Vox published a piece on Tuesday that comprehensively delineated the staggering amount of money the socialist policies of politicians like Sen. Bernie Sanders and Alexandria Ocasio-Cortez espouse.
Brian Riedl, a senior fellow at the Manhattan Institute, detailed how expensive socialist dreams would be.
The Mercatus Center estimated that Sanders’s Medicare-for-all plan would cost the government $32 trillion between now and 2028. The liberal Urban Institute estimates that Sanders’ single-payer health plan would add $32 trillion in federal costs over the same period.
Riedl buttresses that claim by noting that the Congressional Budget Office (CBO)) assumes a baseline budget deficit of $12.4 trillion over the next decade, powered by Social Security and Medicare system deficits.
Riedl continues, “From that baseline, Sanders has proposed a Social Security expansion, including higher cost-of-living adjustments and higher minimum benefit levels, that the liberal Tax Policy Center estimates will cost $188 billion over the next decade. The Tax Policy Center also scores the Sanders “free college” proposal at $807 billion over the next decade.”
Next: the socialist idea of guaranteeing jobs paying $15 an hour for anyone who wants one. Riedl cites the liberal Center on Budget and Policy Priorities, which estimated the cost could run $6.8 trillion over the next decade.
Infrastructure and student loans? Noting that Senate Democrats have promised $1 trillion for new infrastructure, and House Democrats want to pay of the entire $1.4 trillion in student loan debt, Riedl writes that would cost $42.5 trillion on top of the $12.4 trillion baseline deficit.
Riedl points out that Sanders’ 2016 single-payer plan “came up $14 trillion short, and his new legislation ignores the tax side altogether.”
Riedl writes, “According to the left’s own sources, democratic socialism will cost $42.5 trillion in its first decade. How would the U.S. pay for it?”
https://www.dailywire.com/news/34227/vox-publishes-piece-admitting-bernie-sanders-free-hank-berrien