Obama talked about $2 trillion in savings over 10 years by finding alot of budget items that are basically just corporate welfare. Fine by me.
however he has based his healthcare policy on ideas from the commonwealth fund, which is an independent org that researches healthcare. They have found that if the ideas they propose are implemented we could save $3 trillion in healthcare costs between now and 2020. Not only that but with more Healthcare IT we would easily save hundreds of thousands of lives over that time frame.
http://www.commonwealthfund.org/Content/Publications/Fund-Reports/2009/Feb/The-Path-to-a-High-Performance-US-Health-System.aspxRenewable energy and updating our infrastructure for energy (weatherization and insulation, higher CAFE standards, alternative energies, updated grid) will make our energy cheaper and we will need less of it than if we did nothing to address the problem. I don't have a figure offhand, but I wouldn't be surprised if we are looking at around $500-1000 billion in total savings between now and 2020 due to lower energy costs. We will see lower grid prices, less grid energy needed (due to better building codes), higher MPG cars, more alt fuels that are cheaper than gas, more public transport, etc. I don't have a figure but again, $500-1000 billion between now and 2020 seems reasonable. We use about 145 billion gallons of gasoline a year and 40 billion in diesel, even mild improvement in alt energies and higher MPG cars will save huge amounts of money in consumer transportation alone. Even saving 20 billion gallons of gasoline a year is going to save $40 billion a year in lower energy, and that is with gas still at $2 a gallon. It'll go back up to $4+ a gallon after this economic crisis is over.
So overall, just from progressive advances in healthcare, corporate welfare and energy we could be saving $6 trillion over the next decade. Combine that with the money we save from ending the war in Iraq and progressive tax hikes and our long term economic future looks far better than it has in a long time IMO.
I put about $1500 into supporting democrat and progressives candidates as well as progressive organizations in this election. It was totally worth it. When I was donating the money I thought 'with the middle class tax cuts I'll see a return on my investment in about 2 or 3 years', but when you consider the overall health of our economy, damn. It was a great investment. I don't say that to brag, just to point out that in retrospect it was a really good investment. Not only will I make the money back in a few years with middle class tax cuts, but I will have competent leadership again.