This analysis of various “nonpartisan and left-leaning studies” from Vox is amazing in that even they can’t find enough confectioners glaze to sugar-coat this monster. First of all, they’re concluding a ten-year cost of Bernie & Alexandria’s proposed Bankrupt-a-Palooza would be $42.5 trillion, but over 30 years the “savings” really add up:
The 30-year projected tab for these programs is even more staggering: new proposals costing $218 trillion, on top of an $84 trillion baseline deficit driven by Social Security, Medicare, and the resulting interest costs.
What would be the effects of such an unprecedented spending binge? Federal spending, which typically ranges between 18 and 22 percent of GDP, would immediately soar past 40 percent of GDP on its way to nearly 50 percent within three decades. Including state and local government spending would push the total cost of government to 60 percent of GDP by that point — exceeding the current spending level of every country in Europe.
And I’m guessing that’s still a conservative estimate, which is the only thing “conservative” Vox is ever going to do.
That feeling when even Vox can’t spin Sanders and Ocasio-Cortez’s dreamy socialist proposals:
You know it's bad when even Vox can't put lipstick on this particular bloated pig. Also, try that headline with anything else to see how ridiculous it is: "Ted the pizza delivery guy is ready for a Bridgehampton mansion — he's just not ready for the bill." pic.twitter.com/wR5JySDl4L
— Doug Powers (@ThePowersThatBe) August 7, 2018
I will say this for Sanders & Ocasio-Cortez’s pricey proposals: They’d be a little cheaper than the projected cost to build a real life Death Star, and probably accomplish the same thing.