Tornado Alley (PROG)

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An Open Letter to the Wall Street Journal on Its Bernie Sanders Hit Piece

By Gerald Friedman
Professor of Economics, University of Massachusetts at Amherst
09/15/2015 Updated: 09/15/2015
Gerald Friedman's research was cited in a Wall Street Journal story [ http://www.wsj.com/articles/price-tag-of-bernie-sanders-proposals-18-trillion-1442271511 ] about Bernie Sanders's proposals for government spending. Friedman responds to that story below.
[...]
Summary of 10-year projections
Because of the nearly $10 trillion in savings, it is possible to fund over $4.5 trillion in additional services while still reducing national health care spending by over $5 trillion. With these net savings, the additional $14.7 trillion in federal spending brings savings to the private sector (and state and local governments) of over $19.7 trillion.
Projected 10 year impact of HR 676 in billions:

10-year estimates of spending with the current system and HR 676 (in $ billions):

http://www.huffingtonpost.com/gerald-friedman/the-wall-street-journal-k_b_8143062.html [with comments]


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More Than Half Of Jeb Bush's Proposed Tax Cuts Would Benefit The Top 1 Percent: Report


The poorest fifth of Americans would get just under 3 percent of the tax breaks.
09/15/2015
http://www.huffingtonpost.com/entry/bush-tax-cuts-wealthy_55f87d31e4b0b48f6700fbbd [with comments]


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