October 17, 2019
Democrats: What’s Another $30 Trillion of Spending?
By Buck Sexton, Executive Editor
Before you spit out your coffee or throw your computer across the room at what is an obvious (and outrageous) question, let’s take a quick trip back to Tuesday night in Ohio. The top 12 Democrat candidates were on stage for their fourth debate, and it quickly turned into the usual avalanche of “free stuff” promises… free health care, free college, free childcare. That’s just a start.
Sure, there was some other stuff discussed. The candidates on the stage all agreed that President Trump should be impeached due to his long string of criminal conduct, that his recent decision to pull back a small number of U.S. troops from the Syrian-Turkish border is worse than the Pearl Harbor attack, and any number of other wild exaggerations.
On spending, however, the Democrats can’t really hide the truth anymore. They want a bigger government – a much bigger government.
How much more spending are we really talking about?
And how much larger would our government apparatus have to be to administer such a supremely engorged federal leviathan?
Well, on the “Medicare for All” promise alone, the Democrats are talking about tens of trillions of dollars in additional government spending. The sheer weight of the numbers – the inescapable, mind-boggling math – that a single-payer health care plan would involve has gotten even some Democratic candidates to think twice about supporting it.
Here’s how Joe Biden described the problem with “Medicare for All”:
But here’s the deal. On the single most important thing facing the American public, I think it’s awfully important to be straightforward with them. The plan is going to cost at least $30 trillion over 10 years. That is more on a yearly basis than the entire federal budget.
That’s right, folks. As if the government isn’t taking enough of your money, you now have two of the top three (Elizabeth Warren and Bernie Sanders) Democratic candidates advocating for the abolition of private health insurance, and a more-than-doubling of all federal expenditures.
Where would this money come from? Senator Warren seemed equally defensive and evasive when pushed on this point. Here’s where she says the federal government will find the additional $3 trillion a year in spending:
So the way I see this, it is about what kinds of costs middle-class families are going to face. So let me be clear on this. Costs will go up for the wealthy. They will go up for big corporations. And for middle-class families, they will go down. I will not sign a bill into law that does not lower costs for middle-class families.
There is simply no way that “costs” (a euphemism for taxes) will go up enough for the wealthy and corporations to fund this massive healthcare overhaul. Warren has to know that, but she also recognizes that for the left-wing, socialist base of the Democratic party, it’s not about the numbers… It’s about health care as a human right – and a healthy dose of class warfare.
The national debt is $22.8 trillion and counting. It seems that an increasingly large part of the Democrat-Socialist Left will never be satisfied until we test out the theory that a government can spend whatever it wants and handle the consequences later.
The GOP spends too much… The Democrats want to spend even more. One day, this country is going to find out – the hard way – that math has a way of enforcing reality on us all.
Now here are some of the stories we’re reading…
For too long, policymakers ignored the possibility that China could transform the U.S., rather than the other way around.
American Consequences contributor John Stossel lays out science that argues contrary to what’s politically correct, male and female brains are not mentally the same.
“Fear sells better than sex.” Personalized disaster prep has grown into a multimillion-dollar business, fueled by a seemingly endless stream of new and revamped threats.
Asset manager says young adults will soon start to move away from buying “Apple devices, craft beer and Chipotle burritos” and instead spend their savings on big-ticket items such as houses and cars.
And let us know what you’re reading at [email protected].
Executive Editor, American Consequences
With P.J. O’Rourke and the Editorial Staff
October 17, 2019