- Thu Feb 28, 2019 1:03 pm
#113828
Left-Wing Media Reveals Staggering Price Tag for Democratic Socialism
Vox, an increasingly popular liberal media outlet, came out with a damning report on the cost of Democratic socialism.
Bernie Sanders and his colleagues will have a harder time passing this off as a deliberate misrepresentation of their progressive agenda. (Vox)
Democratic socialism is having a moment. Sen. Bernie Sanders mobilized millions of voters during the 2016 campaign, nominally as a Democrat but with many self-professed socialists in his bandwagon. And Alexandria Ocasio-Cortez will likely bring her own brand of socialism to Congress next year, having knocked off New York Rep. Joe Crowley in a primary.
However, the democratic socialist agenda will face resistance not only from other lawmakers but from basic math. Their promises, which include free college, a single-payer health care system, guaranteed jobs, and more, would require astonishingly high expenditures that would cause the federal deficit to skyrocket. Once the costs become clear, most mainstream politicians and voters will surely balk. Making big promises is one thing; paying for them is another.
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.
http://americanactionnews.com/articles/ ... -socialism" onclick="window.open(this.href);return false;
Vox, an increasingly popular liberal media outlet, came out with a damning report on the cost of Democratic socialism.
Bernie Sanders and his colleagues will have a harder time passing this off as a deliberate misrepresentation of their progressive agenda. (Vox)
Democratic socialism is having a moment. Sen. Bernie Sanders mobilized millions of voters during the 2016 campaign, nominally as a Democrat but with many self-professed socialists in his bandwagon. And Alexandria Ocasio-Cortez will likely bring her own brand of socialism to Congress next year, having knocked off New York Rep. Joe Crowley in a primary.
However, the democratic socialist agenda will face resistance not only from other lawmakers but from basic math. Their promises, which include free college, a single-payer health care system, guaranteed jobs, and more, would require astonishingly high expenditures that would cause the federal deficit to skyrocket. Once the costs become clear, most mainstream politicians and voters will surely balk. Making big promises is one thing; paying for them is another.
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.
http://americanactionnews.com/articles/ ... -socialism" onclick="window.open(this.href);return false;
- By johnforbes