March 19, 2019

IS THAT A LOT? THAT SOUNDS LIKE A LOT. The Democrats’ $100 trillion agenda.

Start with “Medicare for All,” the new health care anthem of the left. It is touted as a way to make medical services “free” for everyone. The cost to taxpayers? By some estimates $32 trillion over the next decade, according to a study by the Mercatus Center. Medicare, just for the seniors it was designed to cover, is already projected to run deficits in the tens of trillions of dollars over the next four decades, according to the program’s own Trustees.

Then there is Rep. Alexandria Ocasio-Cortez’s “Green New Deal,” which is supposed to turn America into an eco-friendly paradise and avert the apocalypse that AOC claims will occur in just over a decade. Four presidential candidates have endorsed some or all of that agenda.

Of course, the politicians pushing these plans remain suspiciously quiet whenever they’re asked to explain exactly how much their pet projects will cost U.S. taxpayers and whether they’re worth the investment. But thanks to public-policy watchdog groups, we have some preliminary estimates. According to one recent study by the American Action Forum, the “Low-carbon Electricity Grid” proposed in the Green New Deal will cost taxpayers $5.4 trillion over 10 years, or $39,000 per household.

Similarly, a “Net Zero Emissions Transportation System,” another part of the environmental proposal, will require up to $2.7 trillion, or $20,000 per household, while guaranteed “Green Housing” would cost an additional $4.2 trillion.

The Democrat-backed welfare programs in the Green New Deal are even more daunting — according to the study, “guaranteed jobs” and “universal health care” would together cost each American family $582,000, or $80.6 trillion in total.

Then there is the loss of as many as 10 million jobs in the oil, gas and coal industries, which would add to welfare and unemployment benefit costs, let alone the severe financial hardship this would impose on millions of middle-class families whom Democrats once said they care about.

There’s more — much more, good Lord — at the link.

InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.