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The Cost of Elizabeth Warren November 2, 2019

Posted by geoff in News.
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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»

1. Jimbro - November 2, 2019

Costs? Don’t be silly, these are “investments”!

2. lauraw - November 3, 2019

We can pay for it with all that huge Obamacare savings we all got.

3. Bunk Strutts - November 5, 2019

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.


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