WARREN’S PIPE DREAMS—WOULD BRING USA DOWN TO VENEZUELA’S LEVEL

WARREN NEEDS TO WEAR THE YANG “MATH” PIN

Charles Dicekn’s Mr. Micawber: “Annual income 20 pounds: annual expenditure nineteen, nineteen and six, result happiness.  Annual income 20 pounds, annual expenditure: twenty pounds ought and six, result misery.” 

Warrne’s Health Care Plan is as much of a pipe-dream as her Native American ancestry.  She knows it is false (as she knew that she was not a Cherokee) but she is willing to prevaricate (as she was on her university applications) to deceive the American people for personal advancement .  Sadly the one “plan” she does not have is a plan to tell the truth.

Tuesday (October 15, 2019) the Democrat hopefuls were out in force and on the stage again.  We learned that they are all affected with the smoke from Sen Elizabeth Warren’s feathered and fringed Cherokee “peace”-pipe and that  the little perky smart aleck Senator from Massachusetts insists on blowing sake screens to mask lies and fantasy.

I noticed last night that candidate Andrew Yang had a lapel pin reading “Math”.  That is a good start for any politician, most of whom would prefer to ignore the big number that they generate.  So lets look at the math of Senator Warren’s health care proposal.

The Urban Institute and the Commonwealth Fund have estimated that Warren’s (and Sander’s ) plan  mandatory Medicare for all health plan  would cost taxpayers $3.2 trillion dollars per year.  It is important to understand the size of that figure in regard to our preset day finances. Let’s use Yang’s math.

Our 2019 Federal Budget:  The government of 2019 took in as revenue $3.4 trillion dollars, but our government will spend about $4.4 trillion dollars in 2019.  This is typical deficit over the years That’s correct, we spend more than we take in in taxes to the tune of nearly $1 trillion dollars.  So each year we have a deficit of about a $ 1 trillion dollars and must borrow that sum from lenders who charge us a fee for that service.  

The deficit adds up each year.  The deficits were huge during Bush II’s disastrous war years, and Obama’s recession years adding about $10 trillion to the national debt.  President Trump has added to it as well (about $2 trillion so far) .  At present we owe lenders  over $20 trillion dollars.  To pay off the interest to the lenders on that debt we presently (2019) fork over about $400 billion dollars (or  2/5 of a trillion dollars) dollars in 2018 dollars every year.

So we are a profligate debtor nation to begin with.  How could we possibly add an additional $3 trillion to our expense column (an amount equal to the total tax revenue of 2019) and not raise taxes enormously to maintain the government services we provide at present.

What Senator Warren is afraid to tell you is that such an expenditure would mean that we would have to actually double the taxes that the government takes in annually to meet those expenses.  Since most of the revenue comes from the tens of millions of middle class business people and workers these are the individuals that would be paying the tab.

The result would be the “Venezuelation” of the American economy.  Say no to Senator Warren!

Warren
How would we