Top Economist Says Bernie’s Plan Will Actually SAVE the US $5 Trillion

[n2doc]

by James Woods |

On Monday, the Wall Street Journal published an article claiming that presidential candidate Bernie Sanders “backs $18 trillion in new spending over a decade.” Since then, multiple media outlets have refuted that claim with a litany of facts and basic policy changes which could make the actual cost for his proposed programs negligible by replacing current government programs that are bloated and inefficient.

Accurate or not, the $18 trillion figure has immediately conjured images of red flags bearing the likeness of Karl Marx waving over crowded plazas filled with American citizens standing in line all day to buy eight-dollar rolls of government toilet paper. It was intended to scare people and tell them that Sanders intends to spend America into bankruptcy.

But would he?

Bernie Sanders is confident that his brand of “Democratic Socialism” could replace our current system of “Corporate Welfare.”

In 2013 tax payers doled out $217 billion in subsidies and tax breaks to corporations. In return they got flat wages, as well as higher housing costs and health care.

So what does a Sanders solution look like?

more

http://usuncut.com/politics/top-economist-says-bernies-plan-will-actually-save-the-us-5-trillion/

[MannyGoldstein]

1. But it would be dreaded government spending

instead of the magical private-sector spending we have today.

Who wants to save trillions without magic?

Americans will say No! to the Krabby Kommie.

Regards,

TWM

[Demeter]

2. NNS!

Think of all that lovely, privatized profit, frittered away on Joe Six-Pack, his wife/SO and the kiddies...

Couldn't happen to a more deserving oligarchy!

[Scuba]

3. Using our precious healthcare dollars to fatten the bank accounts of corporate investors ...

... in London, Tokyo and Hong Kong isn't just bad economic policy, it's immoral.

[Enthusiast]

4. +1 You nailed it an entire shit load.

[merrily]

5. The same economist the WSJ relied on says would Sanders' plan would save trillions!

From the OP article.

Well it turns out that Gerald Friedman, the economist whose analysis was used for the WSJ article saw it and wrote an open letter to them explaining that Sanders’ single payer healthcare proposal would actually SAVE America $5.08 trillion dollars over the next 10 years.

There is no doubt that Sanders is looking to spend to fix our stagnant economy. But that is no different than any other candidate. The only question is, how are they looking to spend it?

Just no end to the dirty tricks.