- - Tuesday, February 12, 2019

Our gross domestic product, the total value of goods and services produced by everyone and everything in the U.S., is $19.4 trillion a year. Medicare for all will cost $30 trillion over 10 years. So essentially the entire GDP of the U.S. for 1.5 years out of every 10 years will be allocated toward Medicare for all.

The Green New Deal costs $20 trillion per decade. When added to Medicare, 2.6 years out of every decade of GDP will be allocated to paying political promises. Add to this illegal immigration ($2 trillion over 10 years) and now we’re allocating 2.7 years of GDP out of every decade.

This means we will be penniless for 2.7 years each decade, but this is an oversimplification. It also assumes that the GDP is unchanged. However, inevitably disposable income decreases, inflation increases, investments shrink and there is net importation of goods. Consequently, the GDP declines. Things get worse. The wealthy have resources to lessen the impact (unless Sen. Elizabeth Warren has her way). The rest of us will have different fates. Yet in return we each get whatever the government rations as our “right to health care,” including late-term abortion, a carbon footprint of zero and the moral superiority of living in a sanctuary country without a border wall. What a deal. Thank you, progressives in Congress, for taking such good care of us.

HOWARD SMITH

Bethesda



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