Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
LetMyPeopleVote
LetMyPeopleVote's Journal
LetMyPeopleVote's Journal
March 7, 2020
Congresswoman Sheila Jackson Lee just endorsed Joe Biden
https://twitter.com/KamauMandela/status/1236378773945270272
March 7, 2020
Great new Biden ad on sanders' lies about Social Security
https://twitter.com/biden_brigade/status/1236289643211079685
March 7, 2020
03/08 Mike Luckovich-You're Welcome
https://twitter.com/mluckovichajc/status/1236005638301454342
March 6, 2020
https://twitter.com/FiveThirtyEight/status/1235965156024291330
Nate Silver-The model is back on! It's quite good for Biden; 88 percent majority chances.
https://twitter.com/NateSilver538/status/1235954698596872192https://twitter.com/FiveThirtyEight/status/1235965156024291330
March 6, 2020
Harris County Clerk has apologized for election wait times
https://twitter.com/PatrickSvitek/status/1235958936408375301?s=20
March 6, 2020
Here's how much a Bernie Sanders presidency would cost
https://twitter.com/bright1950start/status/1235535147656593408If you ever wondered how much Sen. Bernie Sanderss (I-Vt.) vast array of policy proposals would cost, we now have a reasonably good estimate from his own staff. The answer is about $50 trillion over the next decade. Sanders may or may not be a democratic socialist whatever that means but he clearly is a soak-the-rich radical who would dramatically expand the governments role, from cradle to grave.
Whether most Americans prefer Sanderss statist agenda to the alleged abuses of corporations and Wall Street (the notorious top 1 percent) is what defines this election. Whatever the case, Sanders is proposing a hugely expensive transformation.
Lets examine the $50 trillion. The list below shows various spending programs that Sanders has proposed, with one important exception: The first item on the list is the Congressional Budget Offices estimate of the deficits under existing policies for the next decade. That figure is $13.1 trillion.
Sanderss Spending, 2021-2030:
1. Deficits under existing policies: $13.1 trillion
2. Free college for all and the cancellation of existing student debt: $2.2 trillion
3. Expand Social Security and other retirement benefits: $1.4 trillion (estimated by the Progressive Policy Institute)
4. Housing for all: $2.5 trillion
5. Eliminating household medical debt: $81 billion
6. Green New Deal (programs to stop global warming): $16.3 trillion
7. Universal child care and preschool: $1.5 trillion
8. Medicare-for-all: $17.5 trillion
Total: $54.6 trillion
Whether most Americans prefer Sanderss statist agenda to the alleged abuses of corporations and Wall Street (the notorious top 1 percent) is what defines this election. Whatever the case, Sanders is proposing a hugely expensive transformation.
Lets examine the $50 trillion. The list below shows various spending programs that Sanders has proposed, with one important exception: The first item on the list is the Congressional Budget Offices estimate of the deficits under existing policies for the next decade. That figure is $13.1 trillion.
Sanderss Spending, 2021-2030:
1. Deficits under existing policies: $13.1 trillion
2. Free college for all and the cancellation of existing student debt: $2.2 trillion
3. Expand Social Security and other retirement benefits: $1.4 trillion (estimated by the Progressive Policy Institute)
4. Housing for all: $2.5 trillion
5. Eliminating household medical debt: $81 billion
6. Green New Deal (programs to stop global warming): $16.3 trillion
7. Universal child care and preschool: $1.5 trillion
8. Medicare-for-all: $17.5 trillion
Total: $54.6 trillion
The problem is that sanders has no idea as to how pay for these progarms
Sanderss proposals wont raise nearly as much money as he thinks they will, says Howard Gleckman of the nonpartisan Tax Policy Center. Even if they did, they wont pay for everything he wants.
For example, Sanders proposes a wealth tax on taxpayers with a net worth (assets minus liabilities) of $32 million or more. The tax would gradually rise from 1 percent up to 8 percent on fortunes exceeding $10 billion. Sanders estimates this would raise $4.35 trillion over a decade.
Not likely, says Gleckman. About half of the wealth of the rich is contained in privately held businesses that, unlike publicly traded stocks, are hard to value. He thinks the tax would raise far less than expected. Rich people wont stand by and pay taxes, he says.
They will hire expensive lawyers to avoid taxes. Similar problems would erode revenue from a proposed tax on financial transactions, he says.
Even with some added tax revenue, there still would be a $25 trillion gap between Sanderss spending plans and an equivalent amount of new tax revenue, says analyst Ben Ritz of the PPI. Federal spending would approach 40 percent of gross domestic product, up from about 20 percent now.
Sanderss proposals wont raise nearly as much money as he thinks they will, says Howard Gleckman of the nonpartisan Tax Policy Center. Even if they did, they wont pay for everything he wants.
For example, Sanders proposes a wealth tax on taxpayers with a net worth (assets minus liabilities) of $32 million or more. The tax would gradually rise from 1 percent up to 8 percent on fortunes exceeding $10 billion. Sanders estimates this would raise $4.35 trillion over a decade.
Not likely, says Gleckman. About half of the wealth of the rich is contained in privately held businesses that, unlike publicly traded stocks, are hard to value. He thinks the tax would raise far less than expected. Rich people wont stand by and pay taxes, he says.
They will hire expensive lawyers to avoid taxes. Similar problems would erode revenue from a proposed tax on financial transactions, he says.
Even with some added tax revenue, there still would be a $25 trillion gap between Sanderss spending plans and an equivalent amount of new tax revenue, says analyst Ben Ritz of the PPI. Federal spending would approach 40 percent of gross domestic product, up from about 20 percent now.
March 6, 2020
03/06. Mike Luckovich-Hold it. Hunter Biden has an overdue library book!!
https://twitter.com/mluckovichajc/status/1235713968473362432
March 6, 2020
Texas Democrats sue of the cancellation of Straight Ticket Voting
The GOP has eliminated this feature of Texas law to hurt down ballot Democratic candidates
https://twitter.com/texasdemocrats/status/1235697621764726785
March 6, 2020
A better idea than Sanders's far-fetched electability argument
Where is sanders' magical voter revolution? How will sanders get his agenda adoptied without this magical voter revolution
https://twitter.com/washingtonpost/status/1235614619726737408
Have we been as successful as I would hope in bringing young people in? And the answer is no, Sanders said. Were making some progress. But historically everybody knows that younger people do not vote in the kind of numbers that older people vote in. I think that will change in the general election.
So he has alienated moderates in his own party (including African Americans, whose massive support for former vice president Joe Biden he ignores, preferring to attribute Bidens success to corporate Democrats), and has an even worse shot attracting and is off-putting to the sort of suburban women who helped deliver the House majority to Democrats in 2018. But dont worry, young people will make up for all that! Democrats are supposed to take on faith that the people Sanders needs to make up for those he has given up on and those who have not yet appeared will save the party in November.
Democrats need not accept this preposterous bet, and on Super Tuesday did not. It surely makes more sense to bet on the voters who actually did show up in droves just as they did in 2018. (Consider what happened in Texas: With unwavering support from black voters in the cities and a surge in the suburbs, Mr. Biden notched his most significant win of the primary calendar here netting him a large and unexpected share of Texass 228 pledged delegates.
The Sanders strategy if you vote for me, they will come is so ludicrous that Sanders is not trying to smooth over the rough edges he has spent a lifetime.
So he has alienated moderates in his own party (including African Americans, whose massive support for former vice president Joe Biden he ignores, preferring to attribute Bidens success to corporate Democrats), and has an even worse shot attracting and is off-putting to the sort of suburban women who helped deliver the House majority to Democrats in 2018. But dont worry, young people will make up for all that! Democrats are supposed to take on faith that the people Sanders needs to make up for those he has given up on and those who have not yet appeared will save the party in November.
Democrats need not accept this preposterous bet, and on Super Tuesday did not. It surely makes more sense to bet on the voters who actually did show up in droves just as they did in 2018. (Consider what happened in Texas: With unwavering support from black voters in the cities and a surge in the suburbs, Mr. Biden notched his most significant win of the primary calendar here netting him a large and unexpected share of Texass 228 pledged delegates.
The Sanders strategy if you vote for me, they will come is so ludicrous that Sanders is not trying to smooth over the rough edges he has spent a lifetime.
March 5, 2020
Watch Joe Biden's full exclusive interview with @savannahguthrie
This is a great interview
https://twitter.com/biden_brigade/status/1235548134421520384
Profile Information
Member since: Mon Apr 5, 2004, 04:58 PMNumber of posts: 145,965