Elizabeth Warren's New Math: More than doubling the Federal Budget won't require taxing the middle class

According to Warren her Medicare for all plan will cost $5.2 trillion a year.

To put that in perspective the current Federal budget is $4.4 trillion a year of which around $1 trillion is money we don't have and have to borrow--and pay interest on.

Hence her plan is like a homeowner who's year spending is $44,000 a year of which they borrow $4400 each year deciding to get a more expensive house that will drive their spending up to $96,000 a year.  Clearly without figuring out how to get a much better paying job anyone who did that would be a fool.

Warren will have to increase the US governments income, ie how much it takes in as taxes, from around $3.4 trillion a year to $8.6 trillion a year just to keep the deficit at $1 trillion.  That's an increase of 253%.

Clearly the Federal government sucking that much money out of the economy is going to drastically effect the economy in a very bad way.  Her plan will ensure that Obama's prophecy that America would never see economic growth above 2% would come true forever.

Also remember when Warren says she's going to tax corporations she's saying she's going to tax you in multiple ways.  First contrary to the fairy tale economics that leftists believe in corporations don't print cash in their basements.  They'll have to increase costs or lay off a huge number of people in order to dig up the cash to pay for Warren's vote buying scheme.

Second driving corporations profits down will dramatically reduce their share prices.  If Apple drops to a few percent profit margin and has to cut buybacks and dividends its share price will go down quickly for example.  That reduction in value will hit anyone who has a retirement account as well as anyone who owns stocks directly.  Given that 54% of Americans either own stocks directly or indirectly through a 401(k) or an IRA Warren will be cutting over half of Americans retirement plans off at the kneecaps.

What's really amazing is that for that huge new tax burden middle class Americans will, by and large, get worse health care.

We know that's the case because right now most Americans are happy with their health insurance.  But if the US continues to spend the same amount on health care but expands the pool of covered people by tens of millions, which is what Warren's plan probably does, then clearly everyone is going to get lower quality care even if we ignore the fact that since the government is less efficient than the biggest company the cost for the same level of service is going to go up a lot.

If Warren wants to spend much more on healthcare than the US currently does then her proposal to avoid directly taxing the middle class seems unlikely to be viable.

Finally note that if you are forced to depend on the government for your health care that means that politicians like Warren can decide if you live or die. They can decide that since someone is fat that person can't get a knee replacement or a heart transplant but if someone caught AIDS by being promiscuous that person can have all their massive medical bills footed by the taxpayer forever.