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2020 Democratic presidential candidate Bernie Sanders’s various spending proposals amount to a total of $97.5 trillion over 10 years.
Total government spending could jump to as much as 70% of GDP under Sanders’s spending plans and 50% of the U.S. workforce would work for the government, the Manhattan-based news outlet City-Journal reported Monday.
US - Budget - Deficit - Years - Sanders
The U.S. budget deficit could reach $90 trillion over 10 years under all of Sanders’ plans, even though Federal Government spending is already projected to reach $60 trillion and state and local government spending is projected to reach $29.7 trillion, according to the City-Journal citing a report from the Congressional Budget Office.
Additionally, the budget deficit over 10 years could reach $90 trillion, and annual budget deficits could exceed 30% of GDP, the City-Journal reported.
Article - Bernie - Sanders - Agenda
My NEW article adds up Bernie Sanders’ entire agenda:
–**$97.5 trillion** in new spending over the decade.
% - GDP - Govt - Spending
–70% of GDP in total govt. spending (fed+state+local).
–30% of GDP budget deficits.
Sanders - Medicare - Plan - Years - Studies
Sanders’ Medicare For All plan would cost about $32 trillion over 10 years, according to two studies — one by the Mercatus Center and another by the Urban Institute — though the Vermont senator himself said the plan could cost “somewhere between $30 and $40 trillion over a 10-year period” in a July interview with Washington Post reporter Robert Costa.
His climate change plan could amount to $16.9 trillion and aims to create 20 million jobs, and his plan to guarantee all Americans full-time government jobs that pay $15-per-hour plus benefits could cost $30.1 trillion.
The last $11.1 trillion would come from his $3...
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