Democratic candidates for president are playing the new game show Name That Bankruptcy as they unveil their plans for spending sure to drive the country into bankruptcy should those proposals ever get passed and signed into law.
Just this week, Elizabeth Warren embraced AOC’s New Green Deal. That by itself is 93 trillion dollars. Then when you add in the guaranteed minimum wage, reparations, open borders, free universal healthcare for illegal aliens and free college tuition and pretty soon we are talking about real money.
I just hope the voters stop and think what all of these freebies will cost them. If they do, it would be a massacre. But, let’s face it, Democratic voters are dumber than rocks, otherwise, members of that party would be on the endangered species list.
Democratic candidates for the 2020 nomination have promised more than $210 trillion in new spending across the field, analysis by the Washington Free Beaconshows.
Of the 26 declared candidates—including Rep. Eric Swalwell (D., Calif.) who dropped out earlier this month—most have put enormous new government programs front and center in their campaigns. Totaling up these proposals gives taxpaying voters a sense of the budget priorities of the average Democratic candidate.
That overall figure is an undercount, as it is based only on proposals for which the Free Beacon could identify actual spending estimates. The true figure is much larger. For example, Sen. Bernie Sanders’s (I., Vt.) Medicare for All proposal is included, while Sen. Kamala Harris’s (D., Calif.) is not, because no cost assessment for the latter could be identified.
Candidates will continue to roll out proposals in the months ahead, although the field is likely to winnow in that time as well.
Many of the proposals are spread out over 10 years, such as Joe Biden’s $750 billion public option health care plan, Sen. Elizabeth Warren’s (D., Mass.) $2 trillion investment in green research and manufacturing, and former HUD Secretary Julian Castro’s $970 billion plan for affordable housing.
Although Yang’s proposal is one of the larger ones offered, Sanders is the top prospective spender. His Medicare for All plan is expected to run around $32 trillion over the next 10 years—estimates vary—but on top of that, a Sanders administration would add trillions more in infrastructure spending, universal free college, and an ill-defined job guarantee.