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Congratulations to our presumptive Democratic nominee, Joe Biden!
Democratic Primaries
In reply to the discussion: Democrats court doom by backing Bernie Sanders. His ideas are toxic outside blue America. [View all]Gothmog
(145,496 posts)145. CNN-Esitimated cost of sanders programs-$60 trillion
Link to tweet
Sanders' plan, though all of its costs cannot be precisely quantified, would increase government spending as a share of the economy far more than the New Deal under President Franklin Roosevelt, the Great Society under Lyndon Johnson or the agenda proposed by any recent Democratic presidential nominee, including liberal George McGovern in 1972, according to a historical analysis shared with CNN by Larry Summers, the former chief White House economic adviser for Barack Obama and treasury secretary for Bill Clinton.
Sanders' plan would also increase the size of government far more than any modern Republican president, including Ronald Reagan, has sought to cut it, Summers' analysis concluded.
"On the spending side, ... this is far more radical than all previous presidencies, on either the right or the left," Summers said in an interview. "The Sanders spending increase is roughly 2.5 times the size of the New Deal and the estimated fiscal impact of George McGovern's campaign proposals. This is six times as large of a growth of government than any of the Ronald Reagan dismemberments. We are in a kind of new era of radical proposal."
Exact cost projections on all of Sanders' proposals aren't available, in part because he hasn't fully fleshed out some of the ideas he's embraced (such as universal pre-K and child care). But a wide variety of estimates put the likely cost of the single-payer health care plan he has endorsed around $30 trillion or more over the next decade. Depending on the estimates used, including projections from his own campaign, the other elements of the Sanders agenda -- ranging from his "Green New Deal" to the cancellation of all student debt to a guaranteed federal jobs program that has received almost no scrutiny -- could cost about as much, or even more than, the single-payer plan. That would potentially bring his 10-year total for new spending to around $60 trillion, or more.
Sanders' plan would also increase the size of government far more than any modern Republican president, including Ronald Reagan, has sought to cut it, Summers' analysis concluded.
"On the spending side, ... this is far more radical than all previous presidencies, on either the right or the left," Summers said in an interview. "The Sanders spending increase is roughly 2.5 times the size of the New Deal and the estimated fiscal impact of George McGovern's campaign proposals. This is six times as large of a growth of government than any of the Ronald Reagan dismemberments. We are in a kind of new era of radical proposal."
Exact cost projections on all of Sanders' proposals aren't available, in part because he hasn't fully fleshed out some of the ideas he's embraced (such as universal pre-K and child care). But a wide variety of estimates put the likely cost of the single-payer health care plan he has endorsed around $30 trillion or more over the next decade. Depending on the estimates used, including projections from his own campaign, the other elements of the Sanders agenda -- ranging from his "Green New Deal" to the cancellation of all student debt to a guaranteed federal jobs program that has received almost no scrutiny -- could cost about as much, or even more than, the single-payer plan. That would potentially bring his 10-year total for new spending to around $60 trillion, or more.
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
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Democrats court doom by backing Bernie Sanders. His ideas are toxic outside blue America. [View all]
Gothmog
Jan 2020
OP
Third Way is an advocacy group. They are in favor of SS cuts and other "centrist"
DanTex
Jan 2020
#7
I don't understand your question. What "names" other than Third Way do you mean?
DanTex
Jan 2020
#10
It's also an organization. And the people who wrote this article work for Third Way.
DanTex
Jan 2020
#96
Well, they wrote this article, so they have enough pull to get journals to give them space.
DanTex
Jan 2020
#98
Pretty fun to pretend we know whose friends are whose. As long as we admit it's pretense.
LanternWaste
Jan 2020
#94
LOL. The "cuts" are on billionaires and multi-millionares via means testing.
The Valley Below
Jan 2020
#18
I don't know, apparently there are some voters out there (and here) that want to cut SS.
DanTex
Jan 2020
#36
Joe should just admit to his past positions on SS and Medicare, but, understandably, he can't.
InAbLuEsTaTe
Jan 2020
#41
Means testing turns Social Security recipients into just another group that is . . .
markpkessinger
Jan 2020
#71
So billionaires and (at least for a time) millionaires get slagged on 24/7
The Valley Below
Jan 2020
#73
"What Republicans think" has a funny way of influencing what centrist Democrats think n/t
markpkessinger
Jan 2020
#74
Oh, now THERE's a comment that will unify the party and inspire votersto turn out at the polls .. .
markpkessinger
Jan 2020
#77
Unifying the party doesn't seem to me like where you are going with these BS attacks.
The Valley Below
Jan 2020
#78
Your posts have shown a HUGE problem with anyone you consider "centrist" which is
ehrnst
Jan 2020
#87
Yeaaa, they may be talking about Bernie now but honestly, I think it'll be all about Bloomberg soon
Vivienne235729
Jan 2020
#12
The great liberal Democrat Joe Biden is ahead, has always been ahead, and is on track
The Valley Below
Jan 2020
#20
I won't argue w that. I can see him picking off JB's #'s. But I don't think thats a bad thing right
Vivienne235729
Jan 2020
#23
Biden took the fight to Trump from day one. He defined the 2020 election more profoundly than
emmaverybo
Jan 2020
#80
Nope, I heard it. I also heard them go after each other which really dilutes their attack on trump.
Vivienne235729
Feb 2020
#144
Yup, lovin' it. Hillary's latest urge to run may bring her into the race too...
InAbLuEsTaTe
Jan 2020
#38
We've tried goin the centrist route several times recently, without success...
InAbLuEsTaTe
Jan 2020
#51
George McGovern was a very decent man. In contrast, Nixon's campaign
OneMoreCupOfCoffee
Jan 2020
#83
Not that long ago this kind of crap would not have been tolerated on DU. I'm beginning to think
lutherj
Jan 2020
#22
sure is interesting how russian bots sneak these progressive hit pieces into DU nt
yaesu
Jan 2020
#26
Are you accusing Gothmog of being a Russian bot, or am I misunderstanding your post?
Jedi Guy
Feb 2020
#153
You say you are Bernie or bust; will you support the Democratic nominee if it is not Sanders?
LongtimeAZDem
Jan 2020
#50
What is really toxic is that article, nothing to rejoice about even if you don't support Sanders
Perseus
Jan 2020
#42
I believe with a moderate candidate we could get many Pub votes from thosse who are disgusted with
napi21
Jan 2020
#52
We're repeating the same mistakes of 2016 and are going to lose if it keeps up.
Chicago1980
Jan 2020
#58
The establishment does indeed have a lot to lose with a Sanders candidacy.
Scotch-Irish
Jan 2020
#109
That's just not true. Sanders appeals to a lot of the trump voters that wanted someone
Scotch-Irish
Jan 2020
#111
I was a delegate in 2016 and right now I plan on honoring the tradition of letting other people go
Gothmog
Jan 2020
#119
The status quo would be re-electing trump which is what happen if sanders is nominee
Gothmog
Jan 2020
#114
I do not want to see trump re-elected due to such a weak candidate like sanders
Gothmog
Jan 2020
#120