Democrat presidential candidate Bernie Sanders is running the Santa Claus campaign. He’s offering freebies galore. He is promising free college tuition, free health care, as well as expanded family and medical leave and social security. He’s pushing his agenda by demonizing “the wealthy” saying that paying for these things will be easy; just soak the rich!
A new study that has been released by the Tax Policy Center, however, shows just how economic illiterate and destructive to the economy the wild-eyed socialist’s plan would be.
Under a Bernie Sanders presidency, if he were to implement all of the freebies that he is promising, the national debt would nearly double in less than 10 years.
The Tax Policy Center looked at what Sanders is proposing to spend versus how much he would increase taxes. According to its research, the plan would add about $18 trillion to the national debt by 2026.
Although Sanders’ aggressive and class warfare-based taxation plan would raise $15 trillion, the problem is his proposed spending would cost $33 trillion leaving the $18 trillion gap.
In short, Bernie Sanders would be Barack Obama on steroids.
Under the Obama regime, the national debt has increased nearly $9 trillion. This topped his predecessor, George W. Bush, whose big spending ways increased the debt by $5 trillion. Previous to the GWB era, no president had increased the debt by more than $2 trillion.
Bernie Sanders would be wise to read, memorize, and work to not only understand but live by the following two quotes.
“We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” ~ Winston Churchill
“The problem with socialism is that eventually you run out of other people’s money.” ~ Margaret Thatcher
The fact that we have a presidential candidate pushing for such an economic disaster that would destroy our country is astounding. Even worse is the fact that there are so many donating to his campaign, attending his rallies, and voting for him in the Democrat primary.
This is what happens when you allow progressives to take over the education system at every level. You get economic illiteracy and the nonsensical notion that money does, in fact, grow on trees and the belief that there really is such a thing as a free lunch.