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2020 Democratic Policies Would Send Taxpayers a $68 Trillion+ Bill

On Thursday, top Democratic candidates officially took the stage, prepared to fight for the Presidential Democratic nomination. The front-runner, former Vice President Joe Biden sparred with candidates Sen. Bernie Sanders, Businessman Andrew Yang, Mayor Pete Buttigieg, Sen. Kamala Harris, and others.

Sen. Sanders Announces Tax Increases On All Americans

Moderators asked a direct question to Sen. Bernie Sanders, “Will you increase taxes on the middle class.” Sanders attempted to dodge the question but ultimately admitted that his tax plan to adopt “Medicare For All” will result in a middle-class tax increase. (Not much has changed.)

Independent auditors such as the Committee for a Responsible Federal Budget have examined Sen. Sanders’ “Medicare For All” plan and estimated that it would cost a whopping $28 trillion and would be funded until 2026.



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Biden, Buttigieg, Sanders Promise Free Community College

Buttigieg was first asked why he does not support fulling funding a college education for students and said that he supports free community college. Biden also agreed that community colleges should be free. The question that was not asked is how much it would cost.

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The American Enterprise Institute ran numbers and determined that it would cost $60 Billion dollars to start the free community college program. However, AEI has also stated that the total cost cannot be determined and is expected to be higher.


Kentucky governor calls on McConnell to prove he is fit to serve or resign: ‘Address the people’
Lindsay Clancy’s ex-husband details pill use as expert says evidence could shape murder trial
BTK killer Dennis Rader’s daughter Kerri Rawson hit with domestic violence injunction: report
Murdered 9-year-old begged not to go on trip with dad months before he allegedly killed her, mom testifies
Thune soft-pedals adding Trump’s request for debt limit curveball to GOP budget bill
Breaking: Iran Launches Missiles at US Base in Surprise Attack – US Forces Downed Every Single One
New Maine law limits police cooperation with federal immigration officials
GOP governor survives challenge from Bitcoin evangelist in gubernatorial runoff
A 16-Year-Old Lifeguard’s ‘Heroic’ Rescue Earns Him a Trip to the White House After Trump Sees Footage
Daughter of late House Dem forced into runoff after falling short in special election
Mamdani Slammed for ‘Reckless and Foolish’ Doxxing of Thousands of Wealthy New Yorkers
Charlie Kirk murder case as ‘straight-forward’ as it gets, prosecutors argue as case nears trial decision
White House Issues Update After High-Stakes Meetings with Netanyahu and Zelenskyy
WJ Straw Poll: Rubio Dominates Field, Passes Up JD Vance
Putin, Russia put on notice as Senate takes crucial step to grind down the Kremlin’s war machine

The free college program was adopted in New York by Gov. Andrew Cuomo. Since its start, nearly 70% of all students who applied for the program were rejected. A total of 95,000 students applied for the scholarship and between 22,000 and 23,000 ended receiving it.

Sen Sanders recently introduced a bill called, “College for All Act.” The plan is estimated to cost taxpayers $75 billion-per-year. The plan does not mention whether it covers other costs such as books, but rather only examines tuition and required fees for students. The cost of textbooks has risen approximately 812% since 1989, according to the American Enterprise Institute.

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Kentucky governor calls on McConnell to prove he is fit to serve or resign: ‘Address the people’
Lindsay Clancy’s ex-husband details pill use as expert says evidence could shape murder trial
BTK killer Dennis Rader’s daughter Kerri Rawson hit with domestic violence injunction: report
Murdered 9-year-old begged not to go on trip with dad months before he allegedly killed her, mom testifies
Thune soft-pedals adding Trump’s request for debt limit curveball to GOP budget bill
Breaking: Iran Launches Missiles at US Base in Surprise Attack – US Forces Downed Every Single One
New Maine law limits police cooperation with federal immigration officials
GOP governor survives challenge from Bitcoin evangelist in gubernatorial runoff
A 16-Year-Old Lifeguard’s ‘Heroic’ Rescue Earns Him a Trip to the White House After Trump Sees Footage
Daughter of late House Dem forced into runoff after falling short in special election
Mamdani Slammed for ‘Reckless and Foolish’ Doxxing of Thousands of Wealthy New Yorkers
Charlie Kirk murder case as ‘straight-forward’ as it gets, prosecutors argue as case nears trial decision
White House Issues Update After High-Stakes Meetings with Netanyahu and Zelenskyy
WJ Straw Poll: Rubio Dominates Field, Passes Up JD Vance
Putin, Russia put on notice as Senate takes crucial step to grind down the Kremlin’s war machine

Andrew Yang Endorsed $1,000-per-person Universal Basic Income.

Andrew Yang, a former tech executive, outright endorsed a universal basic income of $1,000 per adult in the United States. However, when moderators asked how much it would cost and how his administration would pay for it, Yang struggled to answer the question and briefly froze. The Center on Budget and Policy Priorities estimates that a universal basic income plan would cost taxpayers $30 to $40 trillion dollars over ten years. Those numbers are most likely to be adjusted based on inflation and a rising cost of living.

If a President were elected who believes a basic universal income, the problem would be whether Congress would pass a bill and write it into law. As of right now, the House of Representatives is controlled by Democrats and the U.S. Senate is controlled by the Republicans. Whether Speaker Pelosi would adopt such a policy is not yet known. However, the likelihood that Leader McConnell would adopt such a policy is slim to none.

See also  Academics and CEOs dominate Fed advisory boards

The Total Cost

Currently, taxpayers pay the federal government a total of $3.4 Trillion dollars and have a rising debt of $22.4 Trillion dollars as of this publication.

The total cost of the proposed programs is over $68 Trillion dollars, meaning the current revenue is not enough to cover them. Candidates have not stated whether they would have to borrow money or raise taxes. Either way, taxpayers will have to pay more.


Kentucky governor calls on McConnell to prove he is fit to serve or resign: ‘Address the people’
Lindsay Clancy’s ex-husband details pill use as expert says evidence could shape murder trial
BTK killer Dennis Rader’s daughter Kerri Rawson hit with domestic violence injunction: report
Murdered 9-year-old begged not to go on trip with dad months before he allegedly killed her, mom testifies
Thune soft-pedals adding Trump’s request for debt limit curveball to GOP budget bill
Breaking: Iran Launches Missiles at US Base in Surprise Attack – US Forces Downed Every Single One
New Maine law limits police cooperation with federal immigration officials
GOP governor survives challenge from Bitcoin evangelist in gubernatorial runoff
A 16-Year-Old Lifeguard’s ‘Heroic’ Rescue Earns Him a Trip to the White House After Trump Sees Footage
Daughter of late House Dem forced into runoff after falling short in special election
Mamdani Slammed for ‘Reckless and Foolish’ Doxxing of Thousands of Wealthy New Yorkers
Charlie Kirk murder case as ‘straight-forward’ as it gets, prosecutors argue as case nears trial decision
White House Issues Update After High-Stakes Meetings with Netanyahu and Zelenskyy
WJ Straw Poll: Rubio Dominates Field, Passes Up JD Vance
Putin, Russia put on notice as Senate takes crucial step to grind down the Kremlin’s war machine

The problem, how much will this truly cost and how will this affect the American people?

Story cited here.

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