Margaret Thatcher once said that socialism works until you run out of other people’s money. And if Bernie Sanders is to become president, we’ll run out of money much sooner than expected.
The Wall Street Journal recently did an analysis on what the price tag to Bernie’s proposals would be. For anyone unaware, Sanders is a European style socialist, pushing for “free” higher education, maternity leave, health care, among other things. He also favors expanding current entitlements that are already hemorrhaging money, such as social security, and proposes large increases to the nation’s infrastructure budget.
It all sounds nice, but unfortunately the bill may leave a bad aftertaste. Visualized below is the top Sanders proposals and their respective costs over a 10 year period:
That comes out to a total of at least $18 trillion.
To put that in perspective, the national debt currently stands at 18.4 trillion. Even if we completely funded the government at its current size, and we aren’t, the Sanders proposals alone would nearly double the national debt within 10 years. If you think healthcare, college, and child care are expensive now, just wait until they’re “free.”
America couldn’t afford an Obama presidency, and it certainly can’t afford a Sanders presidency. Help get the word out by sharing this article through social media!