On August 30th, Bernie Sanders announced his plan to “cancel all U.S. medical debt” if he is elected president. In Florence, South Carolina, Bernie made that campaign promise, saying, “Medical debt is the leading cause of consumer bankruptcy, and he wants to eliminate it.”
Reuters reports the existing past-due medical debt amounts to $81 Billion, and Sanders is proposing the U.S. government would negotiate and pay off that debt for all Americans.
No doubt, that would sound very appealing to those who are burdened with medical debt.
But common sense tells you it would be an impossible thing to do. Why?
First of all, where is Bernie going to get the $81 Billion? Bernie has already promised to pay off all outstanding student loans ($1.5 Trillion), he’s promised Medicare for All ($32 Trillion) and he’s promised to implement the Green New Deal ($93 trillion). So where is all that money going to come from?
It has to come from U.S. taxpayers – and there are not enough of us to go around – only 47% of the people pay income tax. Bernie says he is going to raise taxes on corporations – but any reasonable person knows that taxes paid by corporations are passed on to consumers by increasing the price of their products/services.
Bernie says he’s going to increase the tax on the “fat cats” like himself, but even if he confiscated all the assets of every U.S. billionaire, he would only get $9.2 Trillion.
The plain hard truth is: Bernie’s plans won’t work – there’s not enough money to fund these impossible pipe-dreams – they would bankrupt this nation – and we would end up just like the people in Cuba and Venezuela.
Bernie knows that, and that’s exactly what a socialist like Bernie Sanders wants. Comrade Bernie would be the supreme leader of the USA . . . and we would all be working for the government for $44/month like they do in Cuba (NBC News 6/28/19).
American citizens had better wake up and recognize the foolishness of the empty promises being made by most Democrat presidential contenders.