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Joe BidenCongratulations to our presumptive Democratic nominee, Joe Biden!
 

Gothmog

(145,496 posts)
145. CNN-Esitimated cost of sanders programs-$60 trillion
Mon Feb 3, 2020, 10:47 PM
Feb 2020



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.
If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
Gothmog, thanks for posting this! :) Sloumeau Jan 2020 #1
Self described Cha Jan 2020 #2
Again, this is written by people who are literally part of Third Way. DanTex Jan 2020 #3
the one that keeps trying to get Dems to cut Social Security. Yo_Mama_Been_Loggin Jan 2020 #4
Third Way is an advocacy group. They are in favor of SS cuts and other "centrist" DanTex Jan 2020 #7
Okay Yo_Mama_Been_Loggin Jan 2020 #9
I don't understand your question. What "names" other than Third Way do you mean? DanTex Jan 2020 #10
Third Way was aphrase Bill Clinton used back in the 90s Yo_Mama_Been_Loggin Jan 2020 #95
It's also an organization. And the people who wrote this article work for Third Way. DanTex Jan 2020 #96
Admittedly I don't know anyone on that site Yo_Mama_Been_Loggin Jan 2020 #97
Well, they wrote this article, so they have enough pull to get journals to give them space. DanTex Jan 2020 #98
The "Think Tank" ..... H2O Man Feb 2020 #148
And: H2O Man Feb 2020 #149
I enjoyed this link a lot flotsam Feb 2020 #155
De-bunked misinformation. The Valley Below Jan 2020 #5
Third Way Introduces New Social Security Reform Plan DanTex Jan 2020 #8
an article from 2011? mopinko Jan 2020 #11
Yeah, last time they had power. Hassin Bin Sober Jan 2020 #13
THIS!! InAbLuEsTaTe Jan 2020 #30
PONY! PONY! PONY!!!! ahoysrcsm Jan 2020 #68
Are you really trying to deny that Third Way wants to cut Social Security? DanTex Jan 2020 #15
i'm tryin to say the people who wrote that article are probably dead by now. mopinko Jan 2020 #24
Oh no. They are alive and well, and so is their organization. DanTex Jan 2020 #27
ZIIIIIIIIIIIIIIIING!! InAbLuEsTaTe Jan 2020 #31
And by the way, if you support Warren, these aren't your friends either. DanTex Jan 2020 #32
Pretty fun to pretend we know whose friends are whose. As long as we admit it's pretense. LanternWaste Jan 2020 #94
If Warren was nipping at Biden's heels in the polls TheRealNorth Jan 2020 #102
2011 was 9 years ago. Voltaire2 Feb 2020 #154
LOL. The "cuts" are on billionaires and multi-millionares via means testing. The Valley Below Jan 2020 #18
Means testing, raising the retirement age, reducing cost of living increases... DanTex Jan 2020 #21
Joe loses on this issue alone!! InAbLuEsTaTe Jan 2020 #33
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
Baloney. The Valley Below Jan 2020 #44
He should, like Bloomberg does. Or maybe Bloomberg will try to flip-flop. DanTex Jan 2020 #46
WITHOUT QUESTION!! HONESTY IS ALWAYS THE BEST POLICY... InAbLuEsTaTe Jan 2020 #48
PoNy!!! pOnY!!! PoNy!!! pOnY!!!! YaY!!!! ahoysrcsm Jan 2020 #69
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
Liberals like myself and Joe Biden don't really care. The Valley Below Jan 2020 #75
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
Indeed. (nt) ehrnst Jan 2020 #89
I had no idea Valley was so influential! ehrnst Jan 2020 #88
+1 Cha Feb 2020 #140
I am a proud and sane moderate Democrat Gothmog Jan 2020 #66
That's fine. I have no problem with moderate Dems. DanTex Jan 2020 #70
If sanders is the nominee, Kevin McCarthy will be speaker Gothmog Jan 2020 #84
Your posts have shown a HUGE problem with anyone you consider "centrist" which is ehrnst Jan 2020 #87
Thank you Butterflylady Feb 2020 #151
I dig your invocation of the Big-B Boogeyman. It even sounds sincere. LanternWaste Jan 2020 #93
Thx for posting!! Thekaspervote Jan 2020 #6
Yeaaa, they may be talking about Bernie now but honestly, I think it'll be all about Bloomberg soon Vivienne235729 Jan 2020 #12
He is the fallback centrist. Voltaire2 Jan 2020 #14
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
We've never won any other way. Jakes Progress Feb 2020 #146
Respect!! InAbLuEsTaTe Feb 2020 #147
We're totally fucked if Bernie becomes the nominee NYMinute Jan 2020 #16
It is very easy to see who lived through McGovern's 49 state loss grantcart Jan 2020 #47
I remember. I was there. Dream Girl Jan 2020 #55
Never ever again grantcart Jan 2020 #57
I remember this race Gothmog Jan 2020 #67
But why do we assume the electorate hasn't changed since 1972? markpkessinger Jan 2020 #72
George McGovern was a very decent man. In contrast, Nixon's campaign OneMoreCupOfCoffee Jan 2020 #83
Lolololol grantcart Jan 2020 #85
My first presidential election vote. greatauntoftriplets Jan 2020 #86
Not Really lees1975 Jan 2020 #49
Bernie has not been thoroughly vetted and treated with kid gloves NYMinute Jan 2020 #81
This is my problem with Bernie, no vetting. redstatebluegirl Jan 2020 #101
What rot. Jirel Jan 2020 #17
Yep. Obama lost. Blue Wave never happened. Scurrilous Jan 2020 #29
BIIIIIINNGGOOOOO!! InAbLuEsTaTe Jan 2020 #43
Let's go down the list: StevieM Jan 2020 #76
Just Stop with your Insults at the Dem Party that Swept Cha Jan 2020 #79
100% agree EveHammond13 Jan 2020 #19
Not that long ago this kind of crap would not have been tolerated on DU. I'm beginning to think lutherj Jan 2020 #22
yes there has been an influx of trolls here tiredtoo Jan 2020 #37
Thank you! lutherj Jan 2020 #53
The country hasn't changed all that much Dream Girl Jan 2020 #56
And that is the problem tiredtoo Jan 2020 #90
K&R Scurrilous Jan 2020 #25
sure is interesting how russian bots sneak these progressive hit pieces into DU nt yaesu Jan 2020 #26
really. elleng Jan 2020 #28
Are you accusing Gothmog of being a Russian bot, or am I misunderstanding your post? Jedi Guy Feb 2020 #153
Hahahahahaha LS_Editor Jan 2020 #34
Post removed Post removed Jan 2020 #35
You say you are Bernie or bust; will you support the Democratic nominee if it is not Sanders? LongtimeAZDem Jan 2020 #50
Trump will call any Democrat who wins the nomination "Socialist" lees1975 Jan 2020 #39
Bernie brags about being a socialist. None of the others do. comradebillyboy Jan 2020 #63
So he'll run an ad with video of Sanders saying "I'm a socialist" (nt) Recursion Jan 2020 #82
And say "X is the MOST LIBERAL PERSON IN HISTORY" Bettie Jan 2020 #118
Why why why why why hey calm down man MasonDreams Jan 2020 #40
What is really toxic is that article, nothing to rejoice about even if you don't support Sanders Perseus Jan 2020 #42
Supporting Medicare for All cost Democrats who supported R B Garr Jan 2020 #45
I believe with a moderate candidate we could get many Pub votes from thosse who are disgusted with napi21 Jan 2020 #52
I voted for Bernie for Senate three times... heckles65 Jan 2020 #54
Exactly so. comradebillyboy Jan 2020 #64
We're repeating the same mistakes of 2016 and are going to lose if it keeps up. Chicago1980 Jan 2020 #58
How About Healthcare For All? DanieRains Jan 2020 #59
I would point out this- James48 Jan 2020 #60
No one here will actually care what I say, but... thenelm1 Jan 2020 #61
Welcome to DU. We all have opinions here. Some are more prolific comradebillyboy Jan 2020 #65
My friends MFM008 Jan 2020 #62
sanders is a very weak candidate and trump would win 45+ states Gothmog Jan 2020 #91
"Poll finds Sanders faring best against Trump in Texas" Tarc Jan 2020 #92
False cwhile847 Jan 2020 #99
Biden is still well ahead in that poll. TwilightZone Jan 2020 #100
Data Reveals A Moderate Democrat Is The Best Chance To Beat Trump Gothmog Jan 2020 #106
More lies about Bernie's electability. Scotch-Irish Jan 2020 #103
trump would destroy a weak candidate like sanders Gothmog Jan 2020 #105
The establishment does indeed have a lot to lose with a Sanders candidacy. Scotch-Irish Jan 2020 #109
The country has more to lose if trump is re-elected Gothmog Jan 2020 #110
That's just not true. Sanders appeals to a lot of the trump voters that wanted someone Scotch-Irish Jan 2020 #111
sanders is a very weak candidate who trump would easily beat Gothmog Jan 2020 #112
You keep repeating the same talking point, thread after thread. Scotch-Irish Jan 2020 #113
I saw far too much of sanders and his supporters at national convention Gothmog Jan 2020 #115
Post removed Post removed Jan 2020 #116
I was a delegate in 2016 and right now I plan on honoring the tradition of letting other people go Gothmog Jan 2020 #119
Powerful account. Sanders "vetted" his delegates for this Hortensis Jan 2020 #135
This was not a fun experience Gothmog Jan 2020 #138
Yes. They find each other, of course. Hortensis Jan 2020 #139
sanders has very poor judgement on staffing Gothmog Feb 2020 #141
Only the best people Bernie.... Historic NY Feb 2020 #152
"Propaganda"? REALLY? George II Jan 2020 #123
I was amused by this charge also Gothmog Jan 2020 #129
When all you have are bogus personal attacks.. it's Cha Jan 2020 #132
Yeah, what's up with you accusing a member of "propaganda"? Cha Jan 2020 #136
I am actually very active in the real world Gothmog Jan 2020 #137
And, there are many voters who Cha Jan 2020 #131
The "Establishment" Got Us our BLUE WAVE VICTORY in 2018 Cha Jan 2020 #130
Excuse me! There are not "Lies" as you are accusing.. Cha Jan 2020 #125
Damned if they do, doomed if they don't: Why Sanders rivals don't go negative Gothmog Jan 2020 #104
We, the people, like most of his notions, just not his label Tweedy Jan 2020 #107
Right...because the status quo Bettie Jan 2020 #108
The status quo would be re-electing trump which is what happen if sanders is nominee Gothmog Jan 2020 #114
Look I get that you think only this one specific old white dude Bettie Jan 2020 #117
I do not want to see trump re-elected due to such a weak candidate like sanders Gothmog Jan 2020 #120
Frankly, I worry that Biden Bettie Jan 2020 #121
I have met Joe in person twice Gothmog Jan 2020 #122
Exactly.. that "status quo" meme doesn't work with our Cha Jan 2020 #126
There is no "status quo going forward".. that's just meme some Cha Jan 2020 #124
Third Way Republican Lite. No thank you. YOHABLO Jan 2020 #127
Not "republicon" lite or any other measure. Cha Jan 2020 #133
My personal belief is that Sanders will be THRASHED . apcalc Jan 2020 #128
That's what I've been trying to tell people Blue_Tires Jan 2020 #134
I agree with Hillary Clinton comments on sanders Gothmog Feb 2020 #142
Bernie's ideas are not toxic. His promises are empty Dietz Feb 2020 #143
CNN-Esitimated cost of sanders programs-$60 trillion Gothmog Feb 2020 #145
Socialism and being over 75 are a bad combo Gothmog Feb 2020 #150
This is 4 years old scipan Feb 2020 #156
Trump is salivating at the prospect of running against Sanders Gothmog Feb 2020 #157
The grandson of GHW Bush is running this ad attacking socialists Gothmog Feb 2020 #158
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