Send a Tweet
- Advertisement -
Most Popular Choices
Share on Facebook 9 Share on Twitter Printer Friendly Page More Sharing
OpEdNews Op Eds    H3'ed 9/19/15

4 Reasons Why The Wall Street Journal's Attack on Bernie is Bogus

By       (Page 1 of 1 pages)     (# of views)   No comments
Author 47089
Follow Me on Twitter     Message Robert Reich
Become a Fan
  (128 fans)

Reprinted from Robert Reich Blog

Bernie Sanders
Bernie Sanders
(Image by marcn)
  Details   DMCA
- Advertisement -
>

I've had so many calls about an article appearing earlier this week in the Wall Street Journal -- charging that Bernie Sanders's proposals would carry a "price tag" of $18 trillion over a 10-year period -- that it's necessary to respond.

The Journal's number is entirely bogus, designed to frighten the public. Please spread the truth:

1. Bernie's proposals would cost less than what we'd spend without them. Most of the "cost" the Journal comes up with -- $15 trillion -- would pay for opening Medicare to everyone.

- Advertisement -

This would be cheaper than relying on our current system of for-profit private health insurers that charge you and me huge administrative costs, advertising, marketing, bloated executive salaries, and high pharmaceutical prices.

(Gerald Friedman, an economist at the University of Massachusetts at Amherst, whom the Journal relies on for some of its data, actually estimates a Medicare-for-all system would actually save all of us $10 trillion over 10 years).

2. The savings from Medicare-for-all would more than cover the costs of the rest of Bernie's agenda -- tuition-free education at public colleges, expanded Social Security benefits, improved infrastructure, and a fund to help cover paid family leave -- and still leave us $2 trillion to cut federal deficits for the next 10 years.

- Advertisement -

3. Many of these other "costs" would also otherwise be paid by individuals and families -- for example, in college tuition and private insurance. So they shouldn't be considered added costs for the country as a whole, and may well save us money.

4. Finally, Bernie's proposed spending on education and infrastructure aren't really "spending" at all, but investments in the nation's future productivity. If we don't make them, we're all poorer.

That Rupert Murdoch's Wall Street Journal would do this giant dump on Bernie Sanders, based on misinformation and distortion, confirms Bernie's status as the candidate willing to take on the moneyed interests that the Wall Street Journal represents.

 

- Advertisement -

Must Read 3   Well Said 3   Valuable 3  
Rate It | View Ratings

Robert Reich Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Robert Reich, former U.S. Secretary of Labor and Professor of Public Policy at the University of California at Berkeley, has a new film, "Inequality for All," to be released September 27. He blogs at www.robertreich.org.

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Trump Cornered

The Republican's Big Lies About Jobs (And Why Obama Must Repudiate Them)

Paul Ryan Still Doesn't Get It

What Mitt Romney Really Represents

What to Do About Disloyal Corporations

The Gas Wars