Saturday, November 02, 2019

How much is $52 trillion?

$52 trillion is the amount Elizabeth Warrens campaign is conceding her Medicare for All proposal will cost over its first 10 years.  That would be $5.2 trillion each year.  All of this ignores inflation which Senator Warrens plan would supposedly make vanish.

Anyway, after the laughter subsided, I wondered how to express $5.2 trillion in more understandable terms.    Here’s one way.

The CBO projects 2019 federal spending to be about $4.4 trillion. 

Senator Warren is saying that the projected annual cost of her plan is greater than this year’s total annual federal expenditures.

Show of hands please.  Who wants your taxes more than doubled? Anyone?  Anyone?

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