Take Biden’s Medicare for all. The estimate of his plan says it will add $13T to the budget. But if you look at the history of estimates, you will find they are often grossly understated. But let’s keep to estimate, it is easier and limits speculation on guesses.
Medicare right now is the biggest line item of Federal spending at $1.3T covering 60 million Americans, or about 18% of the population. But what Biden ignores is those same 60 million Medicare covered Americans, are STILL paying for their coverage.
You pay into Medicare for 45 years or more, enroll at 65, and get charged for coverage, Part B, that covers only 80% of doctor visits, tests, and some treatments. No meds, no vision, no dental, and no hearing, which are big-ticket items for those over 65. So, you buy a Medicare-approved plan to cover what Part B won't, but there is a deductible involved. Same with Part D (meds). Your approved plan can be a cheap and bare bones policy or full of bells and whistles and expensive as you can stand, but It will cost you at least 35% of your Social Security each month. And take care as to which type of plan you buy, because it may limit your choice of where you can go for treatment. If you plan to travel, well… just keep that in mind.
So, what is that $1.3T budget item labeled Medicare, being spent on? Why are paying into the system for 4 to 5 decades and STILL have to pay for coverage? Now Biden wants to add almost 270 million more people to that system, and he says he can pay for it by taxing those making more than $400k. That is mathematically impossible, as only .01% of our population makes $400k or more.
We spend more than we produce. You'd have to send every citizen a bill for $81,857. Well that was price tag the first day I started writing this blog post. The next day it was $8 more and each day forward it will be even more, and that bill includes children as they are being born. Biden and his supporters want to add to that. The MONEY IS NOT THERE. Tax everyone at 100%, it is NOT there. Tax all goods and services at 100%, STILL NOT THERE. Tax everything at 100% Guess what? STILL NOT THERE. What about that is beyond a Democrat’s ability to grasp? Like going to a gas station that has one gallon of gas to sell and thinking you filled your tank and driving 3,000 miles. NOT going to happen.
For about 18 months before I reached age 65, I researched the hell out of this one item. I am not wrong. And that is just one item Biden wants to expand on. If you look at the rest of his spending plan and can still vote for him, I got nothing for you. Ignorance I can deal with, but stupidity is a lost cause.