The Bernie Sanders plan referred to as “Medicare for all” has finally been put under serious analysis. If you understand even rudimentary economics, you won’t be surprised to know that such a scheme would take the already broke Union and make it super-broke… if such a thing is conceivable.
Featured in an article at ABC News, the Mercatus Center at George Mason University has concluded this self-titled Democratic Socialist’s plan will cost the nation $32.6 trillion in the first 10 years. Just to give you some scope, the current total of Union debt is nearing $22 trillion and the current Gross Domestic Product is only an annual $19 trillion. This is not simply a matter of adjusting tax-rates to pay for this. Frankly, there will never be enough money to pay for something like this.
Hard as it is to believe, Medicare for all is a serious proposal and a motivator for many voters out there. However, what this proposal amounts to is a race to tank the economy. Neither the U.S. nor any country/union can sustain the levels of deficit spending that the federal government currently engages in. Eventually, we will exceed our capacity to even pay …
Read more at the Texian Partisan
(The opinions in this article are the opinions of the author and do not necessarily represent the views of Southern Nation News or SN.O.)