The Cost of Elizabeth Warren November 2, 2019
Posted by geoff in News.trackback
Many commentators have gasped over Elizabeth Warren’s $52 billion (over 10 years) Medicare-for-All plan, and have laughed at her optimistic, double-booked, scheme for funding it. But I haven’t seen anybody tally up the costs of all her plans.
But I don’t get out much.
Anyway, presuming you haven’t seen a total either, here goes (all numbers taken from her website):
Program | 10-Year Cost |
---|---|
Environment | $3 Trillion |
Medicare-for-All | $52 Trillion |
Education | $1.25 Trillion |
Child Care | ~$0.7 Trillion* |
Gun Control | 0.001 Trillion |
Immigration | 0.015 Trillion |
Social Security | >$1.5 Trillion** |
TOTAL | $58.6 Trillion |
I may have missed a few, but I think that’s bad enough. For reference, the CBO’s latest 10-year budget projection (2020 – 2029) for the entire federal budget is $57.85 trillion.
She claims that it’ll all be paid for by increased taxes on corporations and the wealthy.
Har.
*Her website says that the cost will be roughly 1/4 of $2.75 trillion
** She never tallies it up, but just her provision for adding $200/month/person is $1.46 trillion
Comments
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Costs? Don’t be silly, these are “investments”!
We can pay for it with all that huge Obamacare savings we all got.
The numbers are incomprehensible.
It takes 11.57 days for a million seconds to pass.
It takes 31.7 years for a billion seconds to pass.
It takes 31,710 for a trillion seconds to pass.
Those are some serious round numbers.