Correcting the record

July 31, 2018

I realized yesterday that in writing about the cost of everyone’s favorite crazy socialist uncle Bernie Sanders’, “Medicare For All” idea, I made a typo.  I wrote that Bernie estimated that it would cost $14 trillion over two years, when I meant to write “ten years.” 

Well, no sooner did I start correcting it than another story appeared that made me realize how little it mattered. This more detailed analysis by the Mercatus Center at George Mason University estimates that it would cost $32.6 trillion over the first ten years, and that’s a conservative estimate.  By 2031, it would be eating up 12.7% of America’s GDP and require not only an exponential expansion of government but more than double our current taxes.  Sanders claimed the report’s findings are biased and inaccurate, unlike the numbers being bandied about by the 76-year-old socialist who’s never held a successful job outside of government. His leftist supporters say that’s still slightly less than we would pay for health care anyway – of course, that's the cost people would pay for quality health care over which they have choice. 

 

I’m not going to waste any pixels writing about which is more likely to be accurate, 14 trillion (enough dollars so that a jet flying at the speed of sound and reeling out a string of dollar bills behind it would have to fly for 196 years to expel it all) or 32.6 trillion (in miles, that's about the distance required to fly from the Earth to Uranus and back over 19,000 times.)  That’s because there’s not a chance in a trillion that either of these estimates is remotely accurate.  The estimated cost of any government program – particularly one based on creating a new right to “free stuff” for everyone – always turns out to be absurdly short of reality. When Medicare begin in 1966, experts assured us that by 1990, it would cost only $12 billion, adjusted for inflation.  The actual cost in 1990: $107 billion.  Medicare spending in 2016 reached $672.1 billion.


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So if we’re being told now that “Medicare for All” will cost anywhere from $14 trillion to $32.6 trillion over 10 years, you can bet that the actual number will probably be one that only mathematicians know how to pronounce.  It might be enough dollar bills to stretch to Uranus and back a trillion times.  When it comes down to it, all these numbers are just being pulled out of Uranus. There’s only thing that can be said with absolute certainty about the cost of these massive new government giveaway proposals: we can’t afford them.  

 

http://www.foxnews.com/politics/2018/07/30/bernie-sanders-medicare-for-all-bill-estimated-at-32-6t-study-says.html

 

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Comments 1-4 of 4

  • Bob Schaffer

    08/02/2018 03:26 PM

    Mr. Huckabee, I love your comments, particularly the one about Uranus. It gave me a good laugh for my morning. I know asking this is probably a stretch, but I am very passionate about one of our right that the State has found a way to deprive us of, and that right is the Right to Travel, without interruption. It has been our right since long before the Magna Carta was signed, and is also a God-given "Right". The States have been extorting money from its citizens for many years, and I am sick and tired of NO ONE doing anything about it. Well, I am! BUT, it's so hard to get people to understand what is really going on with the courts, banking, and the De Facto Government, in general. I am wanting to organize an effort to put a stop to the States' racketeering and extortion practices, and I am wondering if you would be willing to give me some good ideas, thoughts, over a short phone chat. That would be very much appreciated if you could do that. The corruption in all areas of government in this country must be close to the time of Sodom and Gomorrah, and it makes me sick to my stomach, and VERY angry at those who hold positions of power in all areas of government. I want to see "We the People" take back our government! Thank you for all you are doing, and if you have a few minutes to contact me, my email address is [email protected], and my cell phone number is 360-749-4262. God bless! I live in Washington State. Thank you very much.

  • David Wilson

    08/01/2018 12:24 AM

    Mike it's amazing to me that this elderly gentleman is given credence two coming up with such a bizarre scheme that never can be afforded by anybody! We're already in a mess with Social Security and Medicare and we need all of our bright Minds working at solving that one as the number of workers that pay into the system continues to shrink as the number of non-workers need the benefits exclamation point in my opinion what we need to do is get rid of all of the abuse of Medicare and Social Security including illegal aliens getting benefits for just coming over the Border and not getting caught. No I think that's a noble activity but I sure as heck don't want to be responsible for paying for it. Actually if this was done there would be money for the improvements in the VA, get the Wall constructed, and for those of us that are handicapped and cannot work they should receive the benefits to live some subsistence living. Imo that's where we need to start and I believe President Trump is going to do that in due time.

  • Dolores

    07/31/2018 05:53 PM

    Well I guess all of Middle America are waiting like me for this free stuff to become a reality. What would happen if all “privileged white america” quit their jobs and stayed home to live the life of ease and luxury we can only imagine in this promised socialist paradise?

  • Shawn Power

    07/31/2018 03:42 PM

    What's worse is in 1987 the very same Bernie Sanders, admitted on video that if “If we expanded Medicaid to everybody...we would bankrupt the nation.” From his own mouth. So the issue in front of us is: Considering he already knows this fact, does he intend to in fact bankrupt the country? What would be the motivation for that? Socialist agenda, designed to cede power from the States. To weaken the only bastion of true God given rights, and economic freedom. A drown the world in the globalist stink of One World Nation. Little tin foil hat? Maybe, but honestly just by a hair.