Medicare for All will
cost $3.65 trillion over 10 years and Free College will cost $750 billion over
10 years. That increases federal spending by $440 billion a year and that would
be added to the National Debt and cost interest over $1 trillion per year. See
below:
All the ‘Free Stuff’ Democrats are
Offering (And Why They WON’T WORK!) Free ‘Medicare for All’ Will Get Mighty Expensive. Free College For All Ain’t Gonna Be Cheap
If you are a fiscal
conservative concerned about trillion-dollar deficit spending, the free stuff
Democrats are promoting will blow the lid off any possibility of controlling
America’s debt. The United States already faces a potential national debt of
$28 trillion within 10 years unless entitlement programs are reformed.
Democrats hoping to
seize control of the U.S. Senate and White House in 2020 are critical of
President Donald Trump’s Tax Cuts and Jobs Act that spurred an economic boom,
but did not curtail deficit spending. They are sidestepping the inconvenient
truth that Obama raised the national debt more than any president in history,
hamstrung the economy with job-killing regulations, and caused health insurance
costs to skyrocket with his signature Obamacare law.
Now, Democrats are
trying to con voters with free stuff that will have a price tag everyday
Americans cannot afford. Their efforts are not overzealous or misguided. They
are deliberate efforts to bamboozle people like you.
Every Democrat trying to
get their party’s presidential nod has come out with a “Medicare for All”
platform that claims every American will get free health care. Perhaps all
those pesky pharmaceutical companies will be doling out free prescription drugs
because left-wing politicians such as Bernie Sanders, Kamala Harris, and
Elizabeth Warren ask nicely and say, “pretty please.”
In reality, experts put
the cost of “Medicare for All” between $24 and $37 trillion over the next 10
years. That would be the equivalent of almost doubling the current tax revenue
collected annually — $3.65 trillion. But what makes the phony pitch even worse
is that the tax revenue generated each year has not covered government spending
in more than a decade.
The War on Terror
started trillion-dollar annual borrowing. Although President Trump directed the
U.S. military to eradicate ISIS, and American troops are poised to leave the
Middle East, the country still borrows between $440 and $779 billion, depending
on whose estimates you believe. Simply put, even doubling the amount of taxes
American pay each year could not cover the cost of running the government and
taking on free health care.
Democrats hinge their
bets on a government-run healthcare system lowering administrative costs and
overall spending. Sen. Sanders falsely claims that healthcare providers would
take a 40-percent pay cut, and Sen. Harris just wants to destroy private health
insurance entirely. The notion that the people will take less money, or the
government can do it better and cheaper is ridiculous. Medicare is already in
debt.
Americans cannot afford the free stuff scam.
Student loan forgiveness
programs have been popular among Millennial voters who took on substantial debt
in the face of fast-rising higher education costs. It would be unfair to say
that the cost of a four-year degree has not exceeded the ability of average
Americans to put their children through college.
Given that we live in a
high-tech society that requires people entering the workforce to understand
advanced communication and other skills, education can make or break a person’s
economic future. College tuition reform needs to be put on the table. But
Democrats saying they can somehow snap their fingers and make it free is just
another con job.
Like free health care
for all, the skyrocketing cost of attending college is not going to go away
magically. As Americans learned from the Obamacare debacle, injecting taxpayer
money into a runaway industry results in increased greed. Health insurance
premiums soared at an unprecedented rate during the Obama Administration
because Big Pharma and others were able to upcharge Americans. Those costs went
unchecked and were passed along. The same is likely to hold true for a higher
education system chomping at the bit to make a greater profit.
Liberal Massachusetts
Sen. Warren wants to make college free for families earning less than $125,000
annually to get things started. At the current estimated price of college
tuition, that plan would cost taxpayers upwards of $750 billion over the next
decade. Keep in mind that this figure does not account for the level of greed Americans
suffered when Obamacare subsidized health insurance premiums. In all
likelihood, Sen. Warren’s plan could tack on more than a trillion dollars to
the national debt.
The Democrat
presidential hopefuls have brought caricatures of circus carnies, cheap
used-car salesmen and phony elixir flimflam artists to life heading into the
2020 elections. Hurry, hurry get your free stuff here.
Comments
Unsustainable
healthcare and education costs began with excessive government subsidies.
Before 1964, prices for healthcare and education were controlled by the law of
supply and demand and were affordable. Government subsidies make it impossible
for consumers to control the prices.
Norb Leahy, Dunwoody
GA Tea Party Leader
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