Ocasio-Cortez defends $40 trillion price tag for progressive proposals

Progressive Democrat Alexandria Ocasio-Cortez on Sunday defended what could accrue to a $40 trillion price t...

Posted: Sep 17, 2018 6:34 AM
Updated: Sep 17, 2018 6:34 AM

Progressive Democrat Alexandria Ocasio-Cortez on Sunday defended what could accrue to a $40 trillion price tag for progressive policy programs, including Medicare for all, over the next 10 years, citing the success in some European countries that have similarly developed health care models.

CNN "State of the Union" anchor Jake Tapper asked where that estimated $40 trillion -- which would include the costs for Medicare for all, jobs guarantees, student loan forgiveness, free college programs, paid family leave, and Social Security expansion -- would come from. Medicare for all would be the costliest initiative, coming in at about $32 trillion, according to the Mercatus Center, a free market-oriented think tank at George Mason University, as well as an earlier study by the Urban Institute's Health Policy Center.

Business and industry sectors

Business, economy and trade

Government health insurance

Health and medical

Health care

Health insurance

Insurance

Single-payer health insurance

Alexandria Ocasio-Cortez

Medicare

Political Figures - US

Social assistance and welfare

Society

Ocasio-Cortez, who is running for a congressional seat in New York, referred to the publicly funded health care systems in Western Europe and Canada, calling such programs "generational investments" toward the future of a country.

"Medicare for all would save the American people a very large amount of money," she said. "What we see as well is that these systems are not just pie in the sky. Many of them are accomplished by every modern, civilized democracy in the Western world," she said. "The United Kingdom has a form of single-payer health care -- Canada, France, Germany. What we need to realize that these investments are better and they are good for our future."

But asked again where that $40 trillion would come from, aside from her proposed increase in taxes on the wealthy and corporate taxes, which she has said would raise $2 trillion over the next 10 years, Ocasio-Cortez said the taxpayer-funded programs would free people up to increase economic activity in other areas, adding that the Medicare for all program is part of "a broader agenda."

"We do know and acknowledge that there are political realities," she added. "They don't always happen with the wave of a wand, but we can work to make these things happen."

She added that "when you look at the economic activity that it spurs, for example, if you look at my generation, millennials, the amount of economic activity that we do not engage, the fact that we delay purchasing homes, that we don't participate in the economy and purchasing cars, et cetera, as fully as possible, is a cost.

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 31715

Reported Deaths: 1984
CountyConfirmedDeaths
Marion9189533
Lake3299167
Cass15826
Allen127766
St. Joseph117034
Hendricks112367
Hamilton109992
Johnson1082104
Elkhart100827
Madison58258
Porter48721
Bartholomew48033
Clark45838
LaPorte40821
Tippecanoe3733
Jackson3611
Howard35618
Delaware35434
Hancock31927
Shelby31421
Floyd31338
Boone28235
Morgan26124
Vanderburgh2482
Montgomery22717
White2268
Decatur22431
Clinton2151
Noble18520
Grant18520
Harrison18521
Dubois1822
Greene16723
Warrick16426
Dearborn16221
Monroe16010
Henry1597
Vigo1477
Lawrence14322
Miami1391
Putnam1337
Jennings1274
Orange12422
Scott1183
Ripley1126
Franklin1068
Carroll922
Kosciusko861
Daviess8216
Steuben792
Newton7410
Wabash722
Wayne695
Fayette654
Marshall641
LaGrange602
Jasper561
Washington521
Fulton471
Rush452
Jay430
Jefferson411
Randolph403
Pulaski390
Clay391
Whitley392
Brown331
Sullivan321
Starke313
Owen311
DeKalb291
Perry270
Huntington262
Benton250
Knox240
Crawford230
Wells230
Tipton221
Blackford201
Switzerland190
Fountain182
Parke170
Posey170
Spencer161
Gibson142
Ohio130
Adams121
Warren121
Vermillion90
Martin90
Union80
Pike60
Unassigned0152
West Lafayette
Broken Clouds
85° wxIcon
Hi: 87° Lo: 69°
Feels Like: 88°
Kokomo
Few Clouds
86° wxIcon
Hi: 87° Lo: 67°
Feels Like: 89°
Rensselaer
Broken Clouds
84° wxIcon
Hi: 85° Lo: 66°
Feels Like: 86°
Fowler
Scattered Clouds
86° wxIcon
Hi: 84° Lo: 67°
Feels Like: 88°
Williamsport
Scattered Clouds
83° wxIcon
Hi: 86° Lo: 68°
Feels Like: 87°
Crawfordsville
Broken Clouds
83° wxIcon
Hi: 85° Lo: 68°
Feels Like: 84°
Frankfort
Scattered Clouds
85° wxIcon
Hi: 86° Lo: 67°
Feels Like: 88°
Delphi
Broken Clouds
85° wxIcon
Hi: 86° Lo: 68°
Feels Like: 87°
Monticello
Broken Clouds
85° wxIcon
Hi: 89° Lo: 67°
Feels Like: 87°
Logansport
Broken Clouds
86° wxIcon
Hi: 86° Lo: 66°
Feels Like: 87°
Hot and Humid Weather Continues with Some Late-Day Storms Possible.
WLFI Radar
WLFI Temps
WLFI Planner

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events