6/7/2023 0 Comments Mayor Pete by Rob Sanders![]() Investing in universal childcare, public higher education and woefully outdated and dilapidated infrastructure will be expensive too, but the cost of not making these investments would be astronomical. A new study in The Lancet estimates that Medicare for All would save $450 billion and prevent 68,000 unnecessary deaths each year. Medicare for All will cost a lot, but the price of doing nothing about America's increasingly dysfunctional healthcare system will soon be in the stratosphere. If we don't launch something as bold as a Green New Deal, we'll spend trillions coping with the consequences of our failure to be bold. ![]() Putting aside the accuracy of these cost estimates, they omit the other side of the equation: what, by comparison, is the cost of doing nothing?Ī Green New Deal might be expensive, but doing nothing about climate change will almost certainly cost far more. "We are in a kind of new era of radical proposal," he told CNN. Larry Summers, formerly chief White House economic advisor for Barack Obama, puts the price tag at $60 trillion. ![]() In last Wednesday night's Democratic debate, former South Bend mayor Pete Buttigieg charged that Senator Bernie Sanders' policy proposals would cost $50 trillion. ![]()
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