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Democratic Primaries
In reply to the discussion: Bernie Haters, what exactly do you not like about his policies? [View all]Gothmog
(179,648 posts)121. CNN-Sanders' agenda: Its cost -- possibly $60 trillion -- would set a peacetime US record
Here is the CNN article on which the OP was based
Link to tweet
Sanders' plan, though all of its costs cannot be precisely quantified, would increase government spending as a share of the economy far more than the New Deal under President Franklin Roosevelt, the Great Society under Lyndon Johnson or the agenda proposed by any recent Democratic presidential nominee, including liberal George McGovern in 1972, according to a historical analysis shared with CNN by Larry Summers, the former chief White House economic adviser for Barack Obama and treasury secretary for Bill Clinton.
Sanders' plan would also increase the size of government far more than any modern Republican president, including Ronald Reagan, has sought to cut it, Summers' analysis concluded.
"On the spending side, ... this is far more radical than all previous presidencies, on either the right or the left," Summers said in an interview. "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."
Exact cost projections on all of Sanders' proposals aren't available, in part because he hasn't fully fleshed out some of the ideas he's embraced (such as universal pre-K and child care). But a wide variety of estimates put the likely cost of the single-payer health care plan he has endorsed around $30 trillion or more over the next decade. Depending on the estimates used, including projections from his own campaign, the other elements of the Sanders agenda -- ranging from his "Green New Deal" to the cancellation of all student debt to a guaranteed federal jobs program that has received almost no scrutiny -- could cost about as much, or even more than, the single-payer plan. That would potentially bring his 10-year total for new spending to around $60 trillion, or more.
Sanders' plan would also increase the size of government far more than any modern Republican president, including Ronald Reagan, has sought to cut it, Summers' analysis concluded.
"On the spending side, ... this is far more radical than all previous presidencies, on either the right or the left," Summers said in an interview. "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."
Exact cost projections on all of Sanders' proposals aren't available, in part because he hasn't fully fleshed out some of the ideas he's embraced (such as universal pre-K and child care). But a wide variety of estimates put the likely cost of the single-payer health care plan he has endorsed around $30 trillion or more over the next decade. Depending on the estimates used, including projections from his own campaign, the other elements of the Sanders agenda -- ranging from his "Green New Deal" to the cancellation of all student debt to a guaranteed federal jobs program that has received almost no scrutiny -- could cost about as much, or even more than, the single-payer plan. That would potentially bring his 10-year total for new spending to around $60 trillion, or more.
primary today, I would vote for: Joe Biden
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The reason it can't get done is that we continue to elect corrupt people that are owned by those
onecaliberal
Feb 2020
#64
This is devisive but the daily posts about why is Bernie even in the race are not?
peoli
Feb 2020
#32
SERIOUSLY!! Not to worry though, you'll see, once Bernie wraps up the Democratic nomination...
InAbLuEsTaTe
Feb 2020
#65
Oh ya...weve waited WAY too long! Here's to finally gettin the progressive Champion we deserve...
InAbLuEsTaTe
Feb 2020
#88
Yes but, in the end, it won't change the fact that Bernie WILL be our next President.
InAbLuEsTaTe
Feb 2020
#89
Presidents are more than policies. I don't think he can sell his policies -- but WARREN can.
pnwmom
Feb 2020
#12
I am referring to Bernie Haters. If you are not one then it obviously doesn't apply to you
peoli
Feb 2020
#46
They apparently don't want to be healthy, nor do they want to attend affordable college
Tarc
Feb 2020
#27
What's NOT to like?! Why Bernie has the nomination pretty much wrapped up!!
InAbLuEsTaTe
Feb 2020
#28
Not a hater. I like his policies. I also like a room full of puppies, but I know I can't keep them
Capt. America
Feb 2020
#55
Ours is a nightmare of red tape and medical decisions made by private insurance co. bureaucrats.
JudyM
Feb 2020
#85
Those in rural areas, especially the first nations people do not have access to the quality
ehrnst
Feb 2020
#113
Its not that anyone hates Bernie, but many hate his derogatory comments about Democrats.
honest.abe
Feb 2020
#110