February 16, 2016

RUT-ROH, ASTRO:

Left-Leaning Economists Question Cost of Bernie Sanders's Plans (JACKIE CALMES, FEB. 15, 2016, NY Times)

 With his expansive plans to increase the size and role of government, Senator Bernie Sanders has provoked a debate not only with his Democratic rival for president, Hillary Clinton, but also with liberal-leaning economists who share his goals but question his numbers and political realism.

The reviews of some of these economists, especially on Mr. Sanders's health care plans, suggest that Mrs. Clinton could have been too conservative in their debate last week when she said his agenda in total would increase the size of the federal government by 40 percent. That level would surpass any government expansion since the buildup in World War II.

The increase could exceed 50 percent, some experts suggest, based on an analysis by a respected health economist that Mr. Sanders's single-payer health plan could cost twice what the senator, who represents Vermont, asserts, and on critics' belief that his economic assumptions are overly optimistic. [...]

By the reckoning of the left-of-center economists, none of whom are working for Mrs. Clinton, the proposals would add $2 trillion to $3 trillion a year on average to federal spending; by comparison, total federal spending is projected to be above $4 trillion in the next president's first year. "The numbers don't remotely add up," said Austan Goolsbee, formerly chairman of President Obama's Council of Economic Advisers, now at the University of Chicago.

Alluding to one progressive analyst's criticism of the Sanders agenda as "puppies and rainbows," Mr. Goolsbee said that after his and others' further study, "they've evolved into magic flying puppies with winning Lotto tickets tied to their collars."

If the Times is saying it, the plans must actually save money, no?

Posted by at February 16, 2016 5:20 PM

  

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