Study: Sanders' economic plan piles $18 trillion on federal debt & raises taxes by $15 trillion

[Cali_Democrat]

By Ricardo Alonso-Zaldivar, Associated Press


WASHINGTON (AP) -- Sen. Bernie Sanders' tax and spending proposals would provide new levels of health and education benefits for American families, but they'd also blow an $18-trillion hole in federal deficits, piling on so much debt they would damage the economy.

That sobering assessment comes from a joint analysis released Monday by the nonpartisan Urban-Brookings Tax Policy Center and the Urban Institute Health Policy Center, well-known Washington think tanks.

The bottom line: Democratic presidential candidate Sanders would raise taxes by more than $15 trillion over 10 years, with most of that paid by upper-income earners. But that wouldn't be enough to cover the cost of his proposed government-run health care system, along with free undergraduate college, enhanced Social Security, family and medical leave, among other new programs.

As a result, Sanders would add $18 trillion to federal debt over a decade.

"The dramatic increase in government borrowing would crowd out private investment, raise interest rates, further increase government borrowing costs and retard economic growth," the analysis concluded.

http://finance.yahoo.com/news/study-sanders-economic-plan-piles-170219543.html

[TheBlackAdder]

1. We're back this worn out meme.

[Electric Monk]

33. Think Tank Walks Back Inaccurate Bernie Bash

The Urban-Brookings Tax Policy Center did a one sided analysis/hit piece on Sanders' economic proposals, which only estimated the potential tax increases. They didn't factor in the benefits of the programs that the taxes would fund, which the Sanders campaign pointed out. They did this one-sided analysis in the heat of the primary and now, when Sanders has far less of a chance at winning, they re-do the analysis and find out that most would see a major net benefit from Sanders' policies (with the poorest benefiting the most), proving that his campaign's critiques were correct.

more
http://www.democraticunderground.com/12511939692

[Triana]

2. Other developed countries manage

Healthcare, paid family leave and humane retirement system. That the US cannot is inexcusable.

Coddling greed needs to STOP.

[TimPlo]

28. Other countries don't

Have a Military industrial system that has to be feed. You want free health care and take away a few million in bonuses to Lock Head Martins CEO. That is just wrong you are a

[Rass]

3. OMFG

That is outrageous! How are we going to pay for Hillary's new wars? Tanks, ammunition, assassinations and bombs don't come cheap.

[Cali_Democrat]

6. What are Hillary's increased defense spending proposals? nt

[Rass]

8. A few points:

1. ) Hillary is right-wing. Right-wingers love war.



2.) Example of how she relishes war and death.

3.) Before Her Assassination, Berta Cáceres Singled Out Hillary Clinton for Backing Honduran Coup http://www.democracynow.org/2016/3/11/before_her_assassination_berta_caceres_singled

4.) Another example of how she relishes war and death.

5.) Declassified Emails Reveal NATO Killed Gaddafi to Stop Libyan Creation of Gold-Backed Currency
http://thefreethoughtproject.com/declassified-emails-reveal-natos-true-motive-topple-gaddafi-stop-creation-gold-backed-african-currency/

Hillary doesn't need a spending proposal. Just look at her history for a really good idea of what to expect.

[Cali_Democrat]

9. So you can't provide any links? nt

[Rass]

10. so, you don't care about her warmonging history?

Hillary is currently trying to sell herself to the public as a progressive and the spending proposal you ask for would disrupt that image. Of course, you knew that.

Her attempt is obviously failing since she is now approaching republicans for donations.

[Cali_Democrat]

12. I'm just asking for evidence of the increased spending on...

"Tanks, ammunition, assassinations and bombs."

You made the claim, not me.

[HumanityExperiment]

13. exactly...

where are the dollar figures and her proposals?

The VA commitments alone from the current wars will CRUSH our economy, which candidate is speaking to that... I believe only one

[Cali_Democrat]

14. Where are the proposals for increased spending on

"Tanks, ammunition, assassinations and bombs."

I haven't seen those proposals.

[Rass]

18. Everyone knows Hillary is a warhawk, except you.

You are implying that unless there is a public detailed document of Hillary's war plans she is no longer a warmonger. hahahaha good one. Should I believe she is really a progressive too?

[Cali_Democrat]

19. Where are the links to those proposals for more "Tanks, ammunition, assassinations and bombs" nt

[LeFleur1]

34. They don't need no stinkin facts. NM.

[oberliner]

24. Gun Control never seems to make it onto those charts

For some reason.

[HumanityExperiment]

20. costs...

'No Fly Zone' costs and time frame for instance

http://www.cnn.com/2016/04/18/politics/axelrod-axe-files-ben-rhodes-syria/



Destabilized Libya, how much involvement and resources will USA be involved with there to stabilize?

http://www.vanityfair.com/news/2016/04/obama-clinton-libya-mistake

Iraq becoming destabilized, how much more involvement will USA be involved with there?

https://www.washingtonpost.com/politics/protests-in-baghdad-throw-administrations-iraq-plan-into-doubt/2016/04/30/759fadd4-0f03-11e6-bfa1-4efa856caf2a_story.html

These aren't proposals, these are real world issues coming and will flow over to next admin... so if she got us into these messes with her votes and action in office BEFORE her run for prez... why isn't she talking about them now and what US involvement will require as well as $$ needed

I see that you will pivot away from this so I just want to make sure I get this 'on record'... since 'tanks', 'ammo', and 'bombs' will be required as will the 'blood' part of that 'treasure' equation....

[TimPlo]

29. >30 billion?

That was just one allotment that Obama got to bomb Isis. A no fly zone will take more money.

[berni_mccoy]

4. OH, the same TPC that said Obama's Plan Would Cost 2.9 Trillion and Redistribute Wealth From the 1%?

Neither of which have happened?

Oh brother, go get some more RW trash to throw around.

[ProgressiveEconomist]

5. LINKS to actual reports

http://www.taxpolicycenter.org/taxvox/sanderss-domestic-program-would-help-most-households-add-more-18-trillion-debt

http://www.taxpolicycenter.org/publications/analysis-senator-bernie-sanderss-tax-proposals

http://www.urban.org/research/publication/sanders-single-payer-health-care-plan-effect-national-health-expenditures-and-federal-and-private-spending

Why rely on third- hand information?

[oasis]

7. Lucky we dodged that bullet.

[lagomorph777]

11. They are conveniently ignoring the savings side

For example, we are currently spending about $3 trillion per year on health care. About 20% of that is completely wasted, going into the pockets of insurance execs whose job is to deny coverage. That 20% comes to $6 trillion over 10 years. That's just the health care piece.

It's always easy for right wingers to talk only about the cost and completely pretend that benefit is zero. Bullshit.

[AzDar]

16. Thank you. This kind of bullshit is expected from the RW. Progressives, not so much...

[AgingAmerican]

15. This Republican lie has been debunked hundreds of times

[mmonk]

17. The old Republican farce and the "New Democrats" farce that

government spending never creates revenues. I've heard the false religion of the 1% for around 35 years now.

[HumanityExperiment]

21. Trust...

"tax and spending proposals would provide new levels of health and education benefits for American families"

"bottom line: Democratic presidential candidate Sanders would raise taxes by more than $15 trillion over 10 years, with most of that paid by upper-income earners"

here's the pivot...

"wouldn't be enough to cover the cost of his proposed government-run health care system, along with free undergraduate college, enhanced Social Security, family and medical leave, among other new programs"



"But economist John Holahan of the Health Policy Center said those countries put their systems in place decades ago, and he doubts modern-day America could easily achieve comparable savings."

So, does his 'doubt' override that we could or couldn't find a way to make this succeed? When the rest of the world is succeeding where we in the US have failed to so the same?

HRC and her supporters are spending a LOT of effort to squash these initiatives from Bernie....

Does medicare work?
Can we expand it to everyone in the US?

If you answer the abopve with 'yes' then what's preventing HRC from proposing a plan to do so?

[insta8er]

22. How about a chart for you? Maybe there could be some trimming done in let's say

Eh? Military spending?...just a thought. But with Clinton, you never know..rather than spend the money on the people we could spend it on shiny new war stuff..or a war plane that has gone like trillions over budget and still is a bucket of bold's incapable of flying without glitches. But yeah, I see...more taxes=Bad more deficit=Bad....less military spending? HUH?

[oberliner]

25. Bernie Sanders Loves This $1 Trillion War Machine

MANCHESTER, New Hampshire — Sen. Bernie Sanders has railed against big defense corporations at rallies, but he has a more complex history with the military-industrial complex. Most notably, he’s supported a $1.2 trillion stealth fighter that’s considered by many to be one of the bigger boondoggles in Pentagon history.

http://www.thedailybeast.com/articles/2016/02/09/bernie-sanders-loves-this-1-trillion-war-machine.html

[insta8er]

26. He voted an awefull of a lot of times NAY!

https://votesmart.org/candidate/key-votes/27110/bernie-sanders/47/military-personnel

[insta8er]

27. Or how about this one?

http://www.politico.com/story/2016/02/bernie-sanders-defense-budget-pentagon-219386

[oberliner]

30. Agreed

But occasionally he has voted on the wrong side, primarily when it benefits his state.

[Skwmom]

23. They will tell any LIE to keep the current system in place.

[hellofromreddit]

31. Same old saw

http://www.democraticunderground.com/12511935330
http://www.democraticunderground.com/10027818987
http://www.democraticunderground.com/1251595479
http://www.democraticunderground.com/128051549

[leeroysphitz]

32. good. deficit spending is fine and raising taxes on Clinton's 1 percenter buddies doesn't

bother me one bit.