In an amazing display of incompetence, we still don’t know whether Bernie Sanders or Pete Buttigieg won the Iowa caucus.
This has created some opportunities for satire, with people asking how a political party that can’t properly count 200,000 votes somehow can effectively run a healthcare system for 340 million people.
That’s a very good point, but today let’s focus on a contest that does have a clear winner.
As explained in this video, John Stossel and his team crunched the numbers and they have concluded that “Crazy Bernie” wins the free-stuff primary.
Senator Sanders doubtlessly will be very happy with this victory, especially since he trailed Kamala Harris when Stossel did the same calculations last summer.
America’s taxpayers, however, might not be pleased with this outcome. Especially if Bernie Sanders somehow gets to the White House.
Last week, I shared new numbers from the Congressional Budget Office, which showed that the federal budget is now consuming $4.6 trillion.
Bernie Sanders is proposing a staggering $4.9 trillion of new spending – more than doubling the burden of government spending!
And the 10-year cost of his promises could be as high as $97 trillion.
To make matters worse, all this new spending is in addition to already-legislated spending increases for everything from boondoggle discretionary programs to behemoth entitlement programs.
Hello Greece.
Heck, it may be hello Venezuela if Bernie gets unleashed.
P.S. Trump’s record on spending is bad, though his mistakes are measured in billions rather than trillions.
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Image credit: Michael Vadon | CC BY 2.0.