The
Democrats have out-done themselves offering a Green New Deal Climate Change
hoax payment of $93 trillion, Medicare for All for $32 trillion, Guaranteed
Income for 6.8 trillion, Student Loan forgiveness for $1.6 trillion, free
college $10 trillion and Infrastructure for $1 trillion. The total bill for the Democrat new giveaways
is $144.4 trillion over 10 years. Total 2019 Nominal Global GDP is $88
trillion.
Green New
Deal Cost - Green New Deal is $93 trillion over 10 years. Zero greenhouse gas
$11 trillion.
Transitioning
to all-renewable electricity and closing every nuclear, coal and natural gas
plant in the country would cost at least $7 trillion.
Expanding
renewables to provide 100% of the nation’s power needs would cost about $2.0
trillion in the first ten years alone.
Building
a “smart power grid” for the entire country would cost $400 billion over ten
years.
Replacing
and upgrading every home and building is conservatively estimated to cost $2.5
trillion over ten years and the figure may be much larger.
The GND
aims to provide a jobs guarantees at a “living wage” that is estimated to cost
$2.5 trillion over 10 years.
According
to the American Action Forum, $5.7 trillion of investment in renewable energy
and storage is needed for the GND.
Consumer
Energy Alliance estimates the collective costs for American families of
replacing four daily household appliances — furnaces, water heaters, dryers and
stoves — to be $244 billion.
Medicare
for All costs $32 trillion over 10 years
Student
Loan Forgiveness costs $1.6 trillion
US
Student Loan Debt
2006
$480.1 billion
2016 $1.4
trillion
2018 $1.5
trillion
2019 $1.6
trillion
Sallie
Mae student loan interest rate 6%. If loans are not paid, the interest cost is
added to the principle loan balance.
Student
Loan Update 2019:
Student
Loan borrowers 44.7 million.
Total
current student debt $1.569 trillion
Amount
borrowed each year $105.5 billion
College
grads with loan debt 71%
Current
Loans being repaid 18.6 million
Current
Loan payments being deferred 3.4 million
Current
Loan payments not being made 2.7 million
Current
Loans in default 5.2 million
Sallie
Mae never turns down a loan and colleges never turn down any students.
Guaranteed
Income cost 6.8 trillion over 10 years
Guaranteed
income proposed at 15/hr. plus benefits
Annual
cost $56,000 per enrollee. Expected enrollees 9.7 million. Democrats also
propose $1 trillion in infrastructure.
Norb
Leahy, Dunwoody GA Tea Party Leader
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