Post by Logan on Feb 15, 2016 23:11:48 GMT -6
Economists split over Sanders' proposals for universal health care, free college tuition
WASHINGTON, Feb. 15 (UPI) -- Sen. Bernie Sanders' plans for universal health care and free college have many of the nation's economists divided over the cost and feasibility of such proposals.
Sanders' proposal to break up banks deemed "too big to fail" have won accolades among some economists. Last month, his campaign released a letter signed on by 170 economists who endorsed the plan.
However, when it comes to "Medicaid for all" and free public college tuition, even economists who share those goals can't agree on whether or not they're realistic. The proposals ride on the idea of taxing Wall Street speculation, which would impact the nation's top earners and impose a 2.2 percent across-the-board tax.
"The numbers don't remotely add up," said Austan Goolsbee, a former economic adviser to President Barack Obama who now teaches at the University of Chicago. The New York Times reported that Sanders' plans could add up to $3 trillion in government spending per year and increase the size of government by more than 50 percent, according to economists like Goolsbee.
Read more: www.upi.com/Top_News/US/2016/02/15/Economists-split-over-Sanders-proposals-for-universal-health-care-free-college-tuition/5851455570836/?spt=hs&or=tn_us
WASHINGTON, Feb. 15 (UPI) -- Sen. Bernie Sanders' plans for universal health care and free college have many of the nation's economists divided over the cost and feasibility of such proposals.
Sanders' proposal to break up banks deemed "too big to fail" have won accolades among some economists. Last month, his campaign released a letter signed on by 170 economists who endorsed the plan.
However, when it comes to "Medicaid for all" and free public college tuition, even economists who share those goals can't agree on whether or not they're realistic. The proposals ride on the idea of taxing Wall Street speculation, which would impact the nation's top earners and impose a 2.2 percent across-the-board tax.
"The numbers don't remotely add up," said Austan Goolsbee, a former economic adviser to President Barack Obama who now teaches at the University of Chicago. The New York Times reported that Sanders' plans could add up to $3 trillion in government spending per year and increase the size of government by more than 50 percent, according to economists like Goolsbee.
Read more: www.upi.com/Top_News/US/2016/02/15/Economists-split-over-Sanders-proposals-for-universal-health-care-free-college-tuition/5851455570836/?spt=hs&or=tn_us