Bernie’s "free stuff" plan would add $18 trillion to national debt over 10 years

Apr 2011
37,967
12,803
Under your skin
#1
WASHINGTON (AP) — Sen. Bernie Sanders' tax and spending proposals would provide new levels of health and education benefits for American families, but they'd also blow an $18-trillion hole in federal deficits, piling on so much debt they would damage the economy.
That sobering assessment comes from a joint analysis released Monday by the nonpartisan Urban-Brookings Tax Policy Center and the Urban Institute Health Policy Center, well-known Washington think tanks.
The bottom line: Democratic presidential candidate Sanders would raise taxes by more than $15 trillion over 10 years, with most of that paid by upper-income earners. But that wouldn't be enough to cover the cost of his proposed government-run health care system, along with free undergraduate college, enhanced Social Security, family and medical leave, among other new programs.

As a result, Sanders would add $18 trillion to federal debt over a decade.

Study: Sanders' economic plan piles $18T on federal debt

 
Likes: 1 person
Jan 2016
57,388
54,172
Colorado
#2
Why so worried about Bernie? He's not going to be the Democratic nominee.

Donald Trump is YOUR nominee. What does the Tax Policy Center say about Donald Trump's economic plan?

Well, the Committee for a Responsible Federal Budget, another non-partisan think tank, says that Donald's tax cut plans would add $11.7 trillion to $15.1 trillion to America's national debt over the next ten years.

Hillary Clinton is the most fiscally conservative candidate running. If you were or are truly concerned about the debt, I guess that's who you would HAVE to vote for.
 
Likes: 1 person
Feb 2011
16,900
6,046
Boise, ID
#4
We've been over this. A lot of that additional spending is on single payer health care. Health care is already something we're required by federal law to provide and buy insurance for, so it's an expenditure Americans are going to be making either way. The real question is how much of our GDP are we going to allow to be swallowed up by health spending, regardless of whether it's private or public expenditure?


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Jul 2014
38,715
10,292
midwest
#6
WASHINGTON (AP) — Sen. Bernie Sanders' tax and spending proposals would provide new levels of health and education benefits for American families, but they'd also blow an $18-trillion hole in federal deficits, piling on so much debt they would damage the economy.
That sobering assessment comes from a joint analysis released Monday by the nonpartisan Urban-Brookings Tax Policy Center and the Urban Institute Health Policy Center, well-known Washington think tanks.
The bottom line: Democratic presidential candidate Sanders would raise taxes by more than $15 trillion over 10 years, with most of that paid by upper-income earners. But that wouldn't be enough to cover the cost of his proposed government-run health care system, along with free undergraduate college, enhanced Social Security, family and medical leave, among other new programs.

As a result, Sanders would add $18 trillion to federal debt over a decade.

Study: Sanders' economic plan piles $18T on federal debt

18 Trillion?

Why that would DOUBLE the national debt.

We haven't had a president who doubled the national debt since...since...since President Obama!

Say it ain't so!
 
Apr 2015
15,331
2,851
Katmandu
#7
Why so worried about Bernie? He's not going to be the Democratic nominee.

Donald Trump is YOUR nominee. What does the Tax Policy Center say about Donald Trump's economic plan?

Well, the Committee for a Responsible Federal Budget, another non-partisan think tank, says that Donald's tax cut plans would add $11.7 trillion to $15.1 trillion to America's national debt over the next ten years.

Hillary Clinton is the most fiscally conservative candidate running. If you were or are truly concerned about the debt, I guess that's who you would HAVE to vote for.
$11 to $15 trillion over ten years, that would almost double the national debt, why do you see that as a problem when Obama has more that doubled the debt by adding $11 trillion over the same period?
 
Jan 2016
57,388
54,172
Colorado
#8
$11 to $15 trillion over ten years, that would almost double the national debt, why do you see that as a problem when Obama has more that doubled the debt by adding $11 trillion over the same period?
As I predicted, you actually don't give a flying French fart about the national debt. You're going to vote for the candidate whose plans would EXPLODE the debt.

You should NEVER call yourself a fiscal conservative. Because it would be a lie.
 
Dec 2015
16,828
12,176
SoCal
#9
WASHINGTON (AP) — Sen. Bernie Sanders' tax and spending proposals would provide new levels of health and education benefits for American families, but they'd also blow an $18-trillion hole in federal deficits, piling on so much debt they would damage the economy.
That sobering assessment comes from a joint analysis released Monday by the nonpartisan Urban-Brookings Tax Policy Center and the Urban Institute Health Policy Center, well-known Washington think tanks.
The bottom line: Democratic presidential candidate Sanders would raise taxes by more than $15 trillion over 10 years, with most of that paid by upper-income earners. But that wouldn't be enough to cover the cost of his proposed government-run health care system, along with free undergraduate college, enhanced Social Security, family and medical leave, among other new programs.

As a result, Sanders would add $18 trillion to federal debt over a decade.

Study: Sanders' economic plan piles $18T on federal debt

One has to factor in the large increase in the top rate and the increase in capital gains tax. Plus, reigning in government giveaways to corporations is worth a few trillion over ten years.
 
Likes: 1 person
Jul 2013
56,938
62,421
Nashville, TN
#10
As I predicted, you actually don't give a flying French fart about the national debt. You're going to vote for the candidate whose plans would EXPLODE the debt.

You should NEVER call yourself a fiscal conservative. Because it would be a lie.
He absolutely refuses to address Clintons plan that reduces the deficit by two trillion.
 
Likes: 2 people

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