➡️ How Bernie Pays for his Plans

[Donkees]

Link to tweet

[msongs]

1. we can start by cancelling bernie's F35 program nt

[Gravitycollapse]

2. As a Sanders supporter, I agree.

[myohmy2]

3. thanks Donkees...

...good reading and info from Bernie, for those who really want to know...

...Bernie can do it...

[Hoyt]

4. Haven't analyzed it in detail, but it wasn't cornavirus that made stock market tank today.

I'll give him credit if credible, raises funds needed, and doesn't significantly negatively impact economy.

Will be interesting to see analyses from knowledgeable economists on costs and tax revenues.

[Gravitycollapse]

6. So global market analysts are wrong?

https://www.bbc.com/news/business-51612520?app=news.business.story.51612520.page

[uponit7771]

5. Doesn't add up to all that is promised ... has to raise taxes on middle class America

[dansolo]

8. That's the part of funding he avoids mentioning

His funding proposals barely cover half of the expected cost of M4A, and he is promising even more stuff that he claims will be paid for with the same money. His plans will require massive tax increases for everyone. If he truly believed that people want that, then why isn't he more honest about it?

[uponit7771]

10. +1, what pisses me off is people interviewing him will let Sanders not answer such a pivotal questio

... question cause their lazy asses hasn't done their homework

[George II]

12. On the one hand he's pushing for $15 per hour, but he's proposing a raise in taxes...

....for everyone earning $29,000 or more. That's only $13.90 per hour, so he's proposing a raise in taxed for those at MINIMUM WAGE or higher! In other words, if his $15 minimum wage goes into effect, he's raising taxes on EVERYONE!

As we used to say in Brooklyn, "go figure!"

[bucolic_frolic]

7. Riddled with holes and full of invalid assumptions that sound slick

Lots of taxes on corporations, CEOs, Wall Street. Doesn't Bernie know these costs will be passed along to consumers?

20 million new jobs. Not a snowball's chance in hell.

Free energy will never work. People will just piss it away like water leading to shortages. That's like staying at a hotel on a cold day. You just turn up the heat and say, "I paid for this place, they got a lot of money."

Loan, medical bill forgiveness. Those of us who actually pay for something won't like it.

And on and on.

[R B Garr]

9. It's a joke. Seems to change a lot, too, depending

on who they want to snow. Bernie just said on 60 Minutes he doesn’t know how it’s funded.

[uponit7771]

13. "20 million new jobs" ... 😮😮😮 Why didn't he say 200 billion, might as well

[George II]

14. Right now there are only 9 million unemployed, and Sanders is against immigration, so....

...if he's creating 20 million new jobs, who is going to fill those 11 million jobs?

It's simple math.

[Happy Hoosier]

11. He mentions a lot of sources...

They don’t add to enough to cover his promises. Not even close.

[Gothmog]

15. sanders' plan to pay for proposals does not add up

Link to tweet

[Gothmog]

16. NYT-Bernie Sanders Outlines Funding for His Plans, but It May Not All Add Up

Link to tweet

Senator Bernie Sanders of Vermont, under growing pressure to explain how he would pay for his very expensive policy agenda, released a checklist on Monday evening that he described as a full explanation of how he would finance all of his proposals.

The actual document is somewhat limited, and in some cases the revenue Mr. Sanders identifies doesn’t match the costs of his plans.

For example, he estimated Sunday night on “60 Minutes” that the price tag for his “Medicare for all” plan would be about $30 trillion over 10 years, but the revenue he identifies for it in the new outline totals about $17.5 trillion. It is possible that the gap could be filled by existing appropriations for Medicare and Medicaid, but Mr. Sanders did not mention those in his outline or in the Sunday interview...…

Ms. Warren released a comprehensive plan in November to pay for her own version of Medicare for all, and the resulting scrutiny of the details was a major factor in her campaign’s decline. Mr. Sanders largely avoided that level of scrutiny by not releasing such extensive details.

His announcement on Monday came nominally in response to a question about whether his plan for free college was equivalent to President Trump’s promise to build a border wall and make Mexico pay for it: a rallying cry for supporters, but with no realistic path to happening.

[Gothmog]

17. Even With New Pay-Fors, Bernie's Agenda Still Has A $25 Trillion Hole

Link to tweet

Vermont Sen. Bernie Sanders has made some extraordinary promises in his campaign for president, including free health care, a federal jobs guarantee, universal forgiveness of all student debt, and radical expansions of nearly every government program from Social Security to housing subsidies. When asked at a CNN town hall last night how he would pay for this gargantuan expansion of government, Sen. Sanders presented moderator Chris Cuomo with a new document that Sanders claimed detailed how he would pay for his proposals. But don’t be fooled: these numbers still don’t add up, and Sanders should be pressed to explain his magic math at tonight’s debate.

The first problem is that the list of Sanders’ proposed spending increases is incomplete. Sanders has proposed costly plans for K-12 education, expanding disability insurance, paid family leave, and more that were not accounted for in the new document. He also grossly understates the cost of his Medicare for All plan by citing a flawed analysis that neglected to incorporate the costs of specific benefits Sanders proposes, such as universal coverage for long-term services and supports, and failed to account for how offering universal health-care benefits more generous than those offered by any other country on earth would increase utilization of health services.

Sanders and his surrogates regularly claim that critics are wrong to focus on how much Medicare for All increases government costs because it would reduce the total cost of health care. But independent analyses from the Urban Institute and Committee for a Responsible Federal Budget have concluded that even with the aggressive price controls he has proposed, Sanders’ Medicare-for-All framework would actually increase national health expenditures by up to $7 trillion. Sanders himself also admitted in a 60 minutes interview this weekend that his Medicare-for-All plan would likely cost around $30 trillion, yet the list of “options” Sanders has offered to pay for them (options which, it should be noted, he has never explicitly endorsed enacting together) would together cover less than 60 percent of that amount by the Sanders campaign’s own accounting.

In January, the Progressive Policy Institute published comprehensive cost estimates of the proposals offered by each of the leading candidates for president before the Iowa Caucus. After incorporating new proposals that Sanders has released since the publication of our analysis and minor methodological updates, PPI concludes that Sanders has now proposed over $53 trillion of new spending over the next 10 years – an amount that would roughly double the size of the federal government. Our estimate is, if anything, overly charitable to Sanders, as it accepts most of the Sanders campaign’s cost estimates outside of Medicare for All and assumes significant overlap in the costs of his proposed federal jobs guarantee and other spending proposals. Other analysts have estimated the total costs of Sanders’ proposals could be anywhere between $60 trillion and $100 trillion over 10 years. ,,,,

Sanders’ proposed pay-fors don’t even come close to covering these costs. The document Sanders published last night, along with others released earlier in his campaign, claim to collectively raise less than $43 trillion in new revenue – meaning that he’s at least $10 trillion short. But the revenue projections Sanders uses for his tax proposals are well outside the mainstream of what independent analysts at the Committee for a Responsible Federal Budget, Congressional Budget Office, Tax Policy Center, Penn Wharton Budget Model, and others have estimated. After reconciling Sanders’ latest list of pay-fors with these independent estimates, PPI concludes that even if Congress were to adopt every single revenue option Sanders has offered for consideration, it would fall almost $25 trillion short of his proposed spending increases over the next decade – leaving a gap nearly equal to the total value of all goods and services produced by the U.S. economy in one year.

[Gothmog]

18. Joe Biden on sanders not being honest on costs of program

Link to tweet