Political Quotes

“Mr. President, in a document later removed from her website, one of the Green New Deal's sponsors had this to say about the Green New Deal: ``The question isn't how we will pay for it, but what we will do with our new shared prosperity.'' ``The question isn't how we will pay for it . . .'' That was the quote. That is a pretty staggering statement when you consider that the Green New Deal plans to upend most of American society as we know it, from transportation to healthcare, but I suspect there was a simple reason the Green New Deal authors didn't want to talk about how to pay for it--because they couldn't figure out how. This week, one think tank released a first estimate of what the Green New Deal would cost, and here is the answer: between $51 trillion and $93 trillion over 10 years--between $51 trillion and $93 trillion. Those numbers are so large that they are almost impossible to process. Just for perspective, consider the fact that the entire Federal budget for 2019 is less than $5 trillion. That is the entire Federal budget--defense spending, domestic priorities, Medicare and Medicaid, Social Security, everything. The Green New Deal could end up costing $9.3 trillion each year-- double the current Federal budget--and the government would still have to pay for a lot of other priorities on top of that. That money wouldn't cover defense spending, or Social Security, or a number of other urgent needs.…”