Bernie Sanders plan for "free stuff" would cost at least $60 trillion [View all]

[Gothmog]

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Even former chief White House economic adviser Larry Summers, who served under Obama, said that the plans would significantly increase the size of the government. Summers described the projected spending of Sander’s agenda as “more radical” than that of any previous administration to date.

During the segment on CNN, Summers stated:

“The Sanders spending increase is roughly 2.5 times the size of the New Deal and the estimated fiscal impact of George McGovern’s campaign proposals. This is six times as large of a growth of government than any of the Ronald Reagan dismemberments. We are in a kind of new era of radical proposal.”

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, mentioned that Sanders’ agenda could basically double what the government’s spending:

“We are literally talking about increases in government spending that would double the size of government as a share of gross domestic product. It is remarkable how little attention such a huge change has gotten.”

Economists that have peered into some of the possible costs of Sander’s proposed programs have been instrumental in people wanting answers from the candidate. Conservative estimates of the Medicare for All plan cite a $32 trillion cost alone, but other estimates have run as high as $60 trillion just for that solitary program.

Then there’s the “Green New Deal”, which increases the spend on food stamp programs like SNAP, that could potentially cost $16 trillion. Wiping out all that pesky student load debt and handing out free college would also cost about $2.2 trillion as well.

Keep in mind, those are just three of the numerous programs Sanders suggested he’d make come to fruition if elected.

He’s also mentioned that he’d create universal child care, affordable housing solutions, raising the pay of teachers, and a guaranteed federal jobs program.

If Sander’s gets elected and has his way, taxes would effectively have to be doubled on mandatory spending to cover the low-end estimate of $60 trillion over a ten-year period.