"All told, Sanders’s current plans would cost as much as $97.5 trillion over the next decade, and total government spending at all levels would surge to as high as 70 percent of gross domestic product. Approximately half of the American workforce would be employed by the government. The ten-year budget deficit would approach $90 trillion, with average annual deficits exceeding 30 percent of GDP."
The Unaffordable Candidate
The economists are slack-jawed:
The Unaffordable Candidate
The economists are slack-jawed:
- Daron Acemoglu of M.I.T.: Sanders' "economists don't understand basic economics. They are not just dangerous, they are clueless" (NY Times).
- Jagdish Bhagwati of Columbia: Sanders' thinking displays little "understanding of the complexity of the issues he raises" (NY Times).
- David Autor or M.I.T.: Sanders' platform is chock full of fuzzy math and wishful thinking (NY Times).
- Obama and Clinton administration economists: "These claims undermine the credibility of the progressive economic agenda and make it that much more difficult to challenge the unrealistic claims made by Republican candidates" (Open Letter).