https://twitter.com/simoncurtis/status/729726985576939521
Brace yourselves, folks. We’ve got some crazy news to share with you:
Study: Sanders' economic plans would blow an $18T hole in the deficit, damage economy. https://t.co/Mz8CJym9aB pic.twitter.com/6E8W3Z5SqH
— AP Politics (@AP_Politics) May 9, 2016
Study: Sanders' economic plan would pile $18 trillion on federal debt and damage the economy https://t.co/c9f94wzuXN
— Hunter Schwarz (@hunterschwarz) May 9, 2016
More from the AP:
Sen. Bernie Sanders’ tax and spending proposals would provide new levels of health and education benefits for American families, but they’d also blow an $18-trillion hole in federal deficits, piling on so much debt they would damage the economy.
That sobering assessment comes from a joint analysis released Monday by the nonpartisan Urban-Brookings Tax Policy Center and the Urban Institute Health Policy Center, well-known Washington think tanks.
The bottom line: Sanders would raise taxes by more than $15 trillion over 10 years, with most of that paid by upper-income earners. But his proposed government-run health care system, along with free undergraduate college, enhanced Social Security, family and medical leave, and other new programs, would spend far more, adding $18 trillion to federal debt over a decade.
Unpossible!
@hunterschwarz Shocking.
— Michael Jones (@MichaelJones7) May 9, 2016
Seriously. How can that be???
*le gasp* https://t.co/qA3iaTCLM4
— Dr. Kankokage (@kankokage) May 9, 2016
But…but…but…free stuff? https://t.co/XUkEVZzHA3
— Chet Cannon (@Chet_Cannon) May 9, 2016
Recommended
@AP_Politics @AP You mean Bernie isn't a genius?
— ??LoveItOrSTFU (@onthecatibbean) May 9, 2016
Guess not.
Well, if Bernie takes it all in November, there’s only one surefire way to prevent the study’s prediction from coming true:
@AP_Politics @AP we should probably just print money.
— whothehellcaaas (@LLMATTJ) May 9, 2016
What a coincidence! That’s what Trump said, too!
Trump on his debt proposal: "First of all, you never have to default because you print the money."
— Phil Mattingly (@Phil_Mattingly) May 9, 2016
Trump: We'll Just Print Money to Avoid the Default I Specifically Advocated for on Saturday | RedState https://t.co/8n30wwZTHb
— Leon Wolf (@LeonHWolf) May 9, 2016
Editor’s note: This headline of this post originally read “$18 billion.” We’ve corrected the typo and apologize for any confusion.
Join the conversation as a VIP Member