Featured • Finance • News • Opinons • Politics

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.



California K-9 Otis helps police seize 440 pounds of cocaine during Alhambra traffic stop
Shooting near Baltimore youth football event leaves 12-year-old girl dead, 3 adults wounded
Trump touts ‘golden age’ at Ohio rally, urges voters to deliver GOP midterm wins
Cornell president says university ‘must do better’ on handling of sexual assault allegations
South Carolina mom couldn’t remember last time she fed 2 daughters before they were found dead: affidavit
Another One: College Prof, Ex-Dem Candidate Arrested After His DNA Found in 15-Year-Old’s Rape Kit, Cops Say
Education Dept. Goes Viral with Takedown of ‘Fake News’ Story on Loan Cuts: No More Handouts for Failing Degrees
Even Healthcare Workers Are Dropping Health Coverage as Obamacare Premiums Hit New Heights
Trump drops Republican Senator’s phone number in social post over fury on stalled bill
Republicans Pour Unprecedented Amounts of Money Defending Seats Trump Won by Double Digits
Spencer Pratt Reveals the Secret Behind His Viral Campaign Ads – And What Every Other Politician Is Doing Wrong
Tennessee prison chief resigns after failed execution as former US attorney tapped to lead independent review
Firebrand GOP rep: Democrats side with Iran ‘simply because they hate’ Trump
Mass Migration Devastated California’s Natural Resources Over Decades: Study
Springsteen, other stars share stage with hardcore leftist groups at music fest

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.

See also  Illinois officials released more than 500 criminal immigrants despite ICE detainers, House GOP report finds

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.


California K-9 Otis helps police seize 440 pounds of cocaine during Alhambra traffic stop
Shooting near Baltimore youth football event leaves 12-year-old girl dead, 3 adults wounded
Trump touts ‘golden age’ at Ohio rally, urges voters to deliver GOP midterm wins
Cornell president says university ‘must do better’ on handling of sexual assault allegations
South Carolina mom couldn’t remember last time she fed 2 daughters before they were found dead: affidavit
Another One: College Prof, Ex-Dem Candidate Arrested After His DNA Found in 15-Year-Old’s Rape Kit, Cops Say
Education Dept. Goes Viral with Takedown of ‘Fake News’ Story on Loan Cuts: No More Handouts for Failing Degrees
Even Healthcare Workers Are Dropping Health Coverage as Obamacare Premiums Hit New Heights
Trump drops Republican Senator’s phone number in social post over fury on stalled bill
Republicans Pour Unprecedented Amounts of Money Defending Seats Trump Won by Double Digits
Spencer Pratt Reveals the Secret Behind His Viral Campaign Ads – And What Every Other Politician Is Doing Wrong
Tennessee prison chief resigns after failed execution as former US attorney tapped to lead independent review
Firebrand GOP rep: Democrats side with Iran ‘simply because they hate’ Trump
Mass Migration Devastated California’s Natural Resources Over Decades: Study
Springsteen, other stars share stage with hardcore leftist groups at music fest

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.

See also  Somali former aide to Minneapolis mayor sentenced in Feeding Our Future fraud case



California K-9 Otis helps police seize 440 pounds of cocaine during Alhambra traffic stop
Shooting near Baltimore youth football event leaves 12-year-old girl dead, 3 adults wounded
Trump touts ‘golden age’ at Ohio rally, urges voters to deliver GOP midterm wins
Cornell president says university ‘must do better’ on handling of sexual assault allegations
South Carolina mom couldn’t remember last time she fed 2 daughters before they were found dead: affidavit
Another One: College Prof, Ex-Dem Candidate Arrested After His DNA Found in 15-Year-Old’s Rape Kit, Cops Say
Education Dept. Goes Viral with Takedown of ‘Fake News’ Story on Loan Cuts: No More Handouts for Failing Degrees
Even Healthcare Workers Are Dropping Health Coverage as Obamacare Premiums Hit New Heights
Trump drops Republican Senator’s phone number in social post over fury on stalled bill
Republicans Pour Unprecedented Amounts of Money Defending Seats Trump Won by Double Digits
Spencer Pratt Reveals the Secret Behind His Viral Campaign Ads – And What Every Other Politician Is Doing Wrong
Tennessee prison chief resigns after failed execution as former US attorney tapped to lead independent review
Firebrand GOP rep: Democrats side with Iran ‘simply because they hate’ Trump
Mass Migration Devastated California’s Natural Resources Over Decades: Study
Springsteen, other stars share stage with hardcore leftist groups at music fest

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  Somali former aide to Minneapolis mayor sentenced in Feeding Our Future fraud case

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.


California K-9 Otis helps police seize 440 pounds of cocaine during Alhambra traffic stop
Shooting near Baltimore youth football event leaves 12-year-old girl dead, 3 adults wounded
Trump touts ‘golden age’ at Ohio rally, urges voters to deliver GOP midterm wins
Cornell president says university ‘must do better’ on handling of sexual assault allegations
South Carolina mom couldn’t remember last time she fed 2 daughters before they were found dead: affidavit
Another One: College Prof, Ex-Dem Candidate Arrested After His DNA Found in 15-Year-Old’s Rape Kit, Cops Say
Education Dept. Goes Viral with Takedown of ‘Fake News’ Story on Loan Cuts: No More Handouts for Failing Degrees
Even Healthcare Workers Are Dropping Health Coverage as Obamacare Premiums Hit New Heights
Trump drops Republican Senator’s phone number in social post over fury on stalled bill
Republicans Pour Unprecedented Amounts of Money Defending Seats Trump Won by Double Digits
Spencer Pratt Reveals the Secret Behind His Viral Campaign Ads – And What Every Other Politician Is Doing Wrong
Tennessee prison chief resigns after failed execution as former US attorney tapped to lead independent review
Firebrand GOP rep: Democrats side with Iran ‘simply because they hate’ Trump
Mass Migration Devastated California’s Natural Resources Over Decades: Study
Springsteen, other stars share stage with hardcore leftist groups at music fest

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

Story cited here.

Share this article:
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter