After being criticized by her fellow Democratic 2020 presidential candidates, Elizabeth Warren finally unveiled her supposed “plan” to pay for her astronomically expensive Medicare-for-All, which she claims she can accomplish without raising taxes on the middle class.
Warren says only “billionaires” will have pay for her plan.
“It doesn’t raise taxes on anybody but billionaires,” Warren told CBS News. “And, you know what, the billionaires can afford it and I don’t call them middle class.”
The cost of Warren’s plan is estimated to be a ridiculous $52 trillion over a decade, something even she acknowledges. The Daily Wire reported, “It would cost more than $5 trillion a year. For comparison, the federal government spent an already alarming $4.11 trillion in fiscal year 2018, up from $3.99 trillion in fiscal year 2017.”
That’s when the President’s eldest son, Donald Trump Jr., jumped in to point out the absurdity of her claim that the middle class wouldn’t bear the brunt of her proposal.
“Her plan costs $52,000,000,000,000 and there are about 600 billionaires in the US,” Don Jr. tweeted. “If you took $1 Billion from each of them you cover about 1% of her plan.”
“It’s just irresponsible to pretend she can do this without destroying the middle class and the economy,” he added.
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Amusingly, Trump Jr. wasn’t the only one to point out how mathematically silly her plan is.
2020 candidate, former Vice President Joe Biden, said Warren was basically lying to the American people.
“For months, Elizabeth Warren has refused to say if her health care plan would raise taxes on the middle class, and now we know why: because it does. Senator Warren would place a new tax of nearly $9 trillion that will fall on American workers,” said Biden Deputy Campaign Manager Kate Bedingfield in a statement.
“The mathematical gymnastics of this plan are all geared towards hiding a simple truth from voters: it’s impossible to pay for Medicare for All without middle class tax increases,” the statement added.
Warren was taken to task by both conservative and non-conservative mainstream media.
“Now we know why Elizabeth Warren took so long to release the financing details of her Medicare-for-All plan,” The Wall Street Journal editorial board said in a piece published on Sunday. “The 20 pages of explanation she released Friday reveal that she is counting on ideas for cost-savings and new revenue that are a fiscal and health-care fantasy.”
In the Washington Post, opinion columnist Megan McArdle, slammed Warren’s Medicare-for-all scheme.
“She finally released her comprehensive Medicare-for-all plan, which promises lower costs for everyone, paid for by taxes on corporations and the rich,” wrote McArdle. “The good news is, the math adds up, as long as you buy her assumptions. The bad news is that Warren’s assumptions are crazier than keeping a pet rhinoceros, after which, who cares that her calculator works? This is to actual policymaking as the plastic noodles in a ramen-bar window is to lunch.”
From the Right, Left and center, literally no one is buying Warren’s explanation for how she can implement Medicare-for-All without hurting the middle class and he economy.
Shouldn’t that tell us all we need to know? Shouldn’t that tell Elizabeth Warren all she needs to know?
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