Today the US is over 19 trillion dollars in debit and this number grows by the thousands every day. If this trend is not reversed it will one day cause our economy to collapse.
We have Bernie Sanders running for President as a Democrat. But he isn’t a Democrat, he is a socialist. Socialism is a failed economic system. Every nation that has tried it has failed its economy or became communist. Bernie Sanders will not be the one who gets it “right”.
I like to call Bernie Sanders the “angry Santa Claus”. He always seems to be angry and upset at something. And he wants to give everyone something for free, just like Santa Claus does.
But free isn’t free. Everything costs money and time. So let’s focus on the 2 big ones. Free health care and free college tuition.
To receive free health care a patient needs to go to a doctor’s office or a hospital. There are administrative staff, the nurses, lab staff, and the doctor(s) themselves. All of them need paid. There is equipment, electrical power, and the building itself. Also all have a cost associated with them. All of these are factors in the cost of health care.
I looked at my health care costs from the previous year. Not the out of pocket amount but the total amount that was billed to my insurance provider. It is a staggering amount of money. Last year isn’t my normal health care costs but it will make a good average.
There are some 323 million people in the United States. If just 10% have a health care cost similar to what mine was last year, we would double the national debit in about 6 years. That is 38 trillion dollars.
With college we have the same issues. There are professors, the college campus and upkeep of buildings and grounds. Electricity, gas, food for the staff and students. These things do not pay themselves, it’s paid from the tuition of the students.
The average cost of a year at college in the US is about $17,000 and after 4 years the student has spent $68,000 for his education. About 20 million students are enrolled every year in universities across the nation.
Paying for 4 years of college tuition for 20 million students and paying the total cost of health care for 323 million people will cause the doubling of our national debit within a Bernie Sanders first term. That’s just 4 years.
To pay for this plus the regular expenses of government, taxes will have to be raised. In most European nations that already provide such services their tax rate is around 50% or even higher. But these countries do not have our population. In order for the US tax payer to pay these costs will require a much higher tax rate and it will end up bankrupting our people and nation.
The math doesn’t lie. This kind of reckless spending is not sustainable. Providing all these services to the citizenry is a disservice. And is not the method to fix what is wrong with our current systems.