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How Much Would A Bernie Sanders Presidency Cost the Nation? Spoiler Alert: A Lot
Zero Hedge ^ | 09/15/2015 | Tyler Durden

Posted on 09/15/2015 1:11:42 PM PDT by SeekAndFind

Earlier today in "How The GOP Establishment Hopes To Crush The Donald's Presidential Run," we explained what Trump’s remarkable poll numbers really mean: 

What is most amazing is that the "expert" punditry still has not realized that a vote for Trump is not a "vote for Trump" but a vote of protest against the broken system. 

If the current election cycle has taught us anything, it’s that voters may have finally woken up to the fact that a choice between alternating members of America’s political aristocracy is really no choice at all, and when you throw in the influence of powerful donors and lobbyists, a picture quickly emerges of a democracy that’s not truly a democracy. 

It’s this system - or, more accurately, it's America’s growing detestation of the system - that’s translated into a commanding lead for Trump over the GOP field. 

Trump isn’t the only person running who’s benefiting from America’s unwillingness to concede that the choice will once again be between a Bush and a Clinton. There’s also Bernie Sanders, the socialist Senator from Vermont whose unexpected ability to draw big crowds and appeal to large swaths of Democratic voters has blindsided Hillary Clinton who is now running dead even (or close to it) with Sanders in Iowa and New Hampshire.

But as is the case with a Trump presidency, a Sanders administration would look radically different from what Americans are used to seeing and although, as discussed above, the desire for real (as opposed to Obama-brand) “change” is what’s driving Trump and Sanders’ poll numbers, there’s an undeniable voice (sponsored by the political status quo) in America’s collective conscience whispering “be careful what you wish for.” In that context we present WSJ’s analysis of how much a Bernie Sanders presidency would cost. Spoiler alert: it’s a whole lot. 

Sen. Bernie Sanders, whose liberal call to action has propelled his long-shot presidential campaign, is proposing an array of new programs that would amount to the largest peacetime expansion of government in modern American history.

 

In all, he backs at least $18 trillion in new spending over a decade, according to a tally by The Wall Street Journal, a sum that alarms conservatives and gives even many Democrats pause. Mr. Sanders sees the money as going to essential government services at a time of increasing strain on the middle class.

 

His agenda includes an estimated $15 trillion for a government-run health-care program that covers every American, plus large sums to rebuild roads and bridges, expand Social Security and make tuition free at public colleges.

 

To pay for it, Mr. Sanders, a Vermont independent running for the Democratic nomination, has so far detailed tax increases that could bring in as much as $6.5 trillion over 10 years, according to his staff.

 


 

A campaign aide said additional tax proposals would be offered to offset the cost of some, and possibly all, of his health program. A Democratic proposal for such a “single-payer” health plan, now in Congress, would be funded in part through a new payroll tax on employers and workers, with the trade-off being that employers would no longer have to pay for or arrange their workers’ insurance.

 

For many years, government spending has equaled about 20% of gross domestic product annually; his proposals would increase that to about 30% in their first year. As a share of the economy, that would represent a bigger increase in government spending than the New Deal or Great Society and is surpassed in modern history only by the World War II military buildup.

 

By way of comparison, the 2009 economic stimulus program was estimated at $787 billion when it passed Congress, and President George W. Bush’s 2001 tax cuts were estimated to cost the federal treasury $1.35 trillion over 10 years.

In other words, when it comes to government spending, this would be (literally) without peacetime precedent, so if voters excited about a Sanders presidency want something "different", this certainly qualifies.

But as the Journal goes on to note, "enacting his program would be difficult, if not impossible" considering political dynamics in Congress and indeed, it's not entirely clear that Sanders' proposals - when taken together - are realistic even if he could secure sufficient support from lawmakers. Of course the same can be said for some of what Donald Trump has proposed.

The takeaway, it would seem, is that if voters are serious about overturning the status quo in The White House, they need to be prepared to face the reality that both Trump and Sanders are set to push hard for agendas that will forever alter the country. The question is whether an American public that has for years been trained to accept a broken system in exchange for relative stability, will actually be able to muster the courage to vote for candidates that promise real change. And if voters can summon that courage, the next question is this: will Americans then be prepared to push for an overhaul of a legislative branch whose sheer inability to actually legislate anything will, in the absence of a public outcry, invariably serve to nullify whatever decision Americans make at the polls by making it impossible for the new President (be it a Trump or a Sanders) to fulfill his election mandate?



TOPICS: Business/Economy; Culture/Society; Government; News/Current Events; US: Vermont
KEYWORDS: 2016election; berniesanders; election2016; presidency; socialism; trillions; vermont; welfare

1 posted on 09/15/2015 1:11:42 PM PDT by SeekAndFind
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To: SeekAndFind

Dear Bernie

your buddy Obama’s OBAMACARE is about to TANK

Its Over! you pukes have jumped the shark.

Take up needlepoint or something!!

SIncerely,

MM


2 posted on 09/15/2015 1:16:14 PM PDT by MeshugeMikey ("Never, Never, Never, Give Up," Winston Churchill ><>)
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To: SeekAndFind
One of the big problems we have is the GOP establishment is “working with the Democrats to get things done.” I would like to see them work with someone who says he is going to come after their money. That just might break up the coalition. Bernie also says he is against open borders. I can't imagine why someone would run for the Democrat nomination an say that unless he really believed it. I would vote for Bernie in a heart beat over Jeb if the GOPE was able to nominate him. If he did manage to get into their pockets they would deserve it.Maybe they would think twice about letting all of those undocumented and documented Democrats come in. They would just be getting a view of the inevitable that is their fault.
3 posted on 09/15/2015 1:17:47 PM PDT by amnestynone (Political Correction is a tactic based social intimidation to suppress opposing views.)
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To: MeshugeMikey

Don’t even worry about Sanders. He is a socialist clown. The Dems only long shot against Trump is Hillary. Crazy Uncle Joe is beyond funny.


4 posted on 09/15/2015 1:22:26 PM PDT by WENDLE (Carly FiaRINO will attack Trump . She is all about gender.)
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To: SeekAndFind

I’d expect that the true end positions Bernie has are more similar to Labour’s Jeremy Corbyn than to anybody else (except, perhaps Obama).


5 posted on 09/15/2015 1:28:52 PM PDT by JimSEA
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To: SeekAndFind

Keep in mind that government programs ALWAYS cost more than originally estimated. A lot more. And make things worse.


6 posted on 09/15/2015 1:29:27 PM PDT by all the best
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To: WENDLE

Run Joe Run!

were overdue for a short run comedy from joey!


7 posted on 09/15/2015 1:32:24 PM PDT by MeshugeMikey ("Never, Never, Never, Give Up," Winston Churchill ><>)
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To: SeekAndFind

Not to defend the Socialist clown, but $15 trillion of that $18 trillion figure comes from Single Payer Medical Care.

It would likely cost at least that if ANYBODY did it. And anybody may, particularly after Obamacare comes crashing down.

I’m all for bashing Bernie, but let’s not let the WSJ get away with playing so fast and loose with the numbers.


8 posted on 09/15/2015 1:35:19 PM PDT by Buckeye McFrog
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To: Buckeye McFrog

RE: Not to defend the Socialist clown, but $15 trillion of that $18 trillion figure comes from Single Payer Medical Care.

Did Bernie vote for Obamacare? If he did, then he OWNS it too.


9 posted on 09/15/2015 1:38:03 PM PDT by SeekAndFind (What is the difference between Obama and government bonds? Government bonds will mature someday)
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To: SeekAndFind

I remember reading back here before Zero got elected. No one would vote for him blah blah he’s too crazy blah blah. It would not surprise me in the least to see Bernie win. People like free stuff...


10 posted on 09/15/2015 1:45:02 PM PDT by wyowolf
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To: SeekAndFind

When Obamacare crashes and burns a lot of Republicans are going to vote for single payer. Mark my words.


11 posted on 09/15/2015 1:52:30 PM PDT by Buckeye McFrog
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To: SeekAndFind

Well, this century is certainly turning out to be momentous. To be fair, “W’s” expansion of Medicare (Part D Prescription Drug) and the wars in Afghanistan and Iraq have (and will) both cost trillions long term, with Medicare expansion being the biggest social program ever enacted. Bernie would be an additional step, for sure, but the “conservative” “W” set the stage. Add to that Obama’s senseless spending and Bernie seems like just a continuation, not a revolutionary. Sad but true.


12 posted on 09/15/2015 2:27:30 PM PDT by 2big2fail
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To: SeekAndFind
If Bernie wins the Democrat nomination, he will be a sitting duck in debates and ads from any Republican nominee with half a brain:

Bernie, you said: “You don’t necessarily need a choice of 23 underarm spray deodorants or of 18 different pairs of sneakers when children are hungry in this country.”

So let me get this straight, Bernie . . . you're going to set up an agency or a czar to determine how many kinds of deodorant, and how much of it, can be permitted by law?

Will you do the same with toilet paper? I mean look how many brands of toilet paper there are. Shall we just set up a monopoly of one company, or better yet, a government monopoly, to produce exactly the right amount of toilet paper, or otherwise limit the amount of toilet paper that gets produced?

Are you going to hire Michael Gruber to be the guy who figures out the correct amount of toilet paper that people should be allowed to use? He's smart. He teaches at MIT. So why shouldn't we put him in charge of figuring out exactly how much of everything should or shouldn't be produced for the American people?

Have you been to socialist Venezuela lately, Bernie? They seem to have solved the problem of too many toilet paper brands. Because right now there is no toilet paper to be had at all in socialist Venezuela."

So tell me Bernie, what exactly will you do to feed starving children by reducing the amount of toilet paper we have in this country? And by the way, when you close all the toilet paper companies, how will the people who used to work at them feed their own starving children?

Bernie? . . . .

13 posted on 09/15/2015 2:42:07 PM PDT by Maceman
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To: WENDLE

I used to think the very same of obama, and this guy not only was elected, but reelected.


14 posted on 09/15/2015 2:42:14 PM PDT by redfreedom (All it takes for evil to win is for good people to do nothing - that's how the left took over.)
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To: SeekAndFind
President George W. Bush’s 2001 tax cuts were estimated to cost the federal treasury $1.35 trillion over 10 years.

It "cost" nothing. It was never their money to begin with.

Reject false liberal premises outright, do not even attempt to refute them or use them to bolster your own point. They are lies; they are crap.

15 posted on 09/15/2015 4:37:01 PM PDT by Dr.Deth
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