From Fox News: Democratic presidential hopeful Kamala Harris pointedly declined in an interview broadcast Sunday to put a price tag on the Green New Deal and “Medicare-for-all,” which she has endorsed wholeheartedly even as Republicans cite nonpartisan cost estimates of trillions of dollars for each unprecedented proposal.
Harris, D-Calif., joined Sens. Elizabeth Warren, D-Mass., and Cory Booker, D-N.J. to co-sponsor the Green New Deal resolution earlier this month. The resolution’s botched rollout included the release of an official document by New York Rep. Alexandria Ocasio-Cortez’s office that promised economic security even for those “unwilling to work,” as well as the elimination of “farting cows” and air travel.
“There’s no question we have to be practical. But being practical also recognizes that climate change is an existential threat to us as human beings,” Harris began. “Being practical recognizes that greenhouse gas emissions are threat to our air, and threatening our planet. And that it is well within our capacity as human beings to change our behaviors in a way that we can reduce its effect. That’s practical. Of course we can afford it.”
CNN’s John King asked Harris for her response to conservative arguments that progressive proposals could end up doing more harm than good, by crippling the U.S. economy even as major polluters like China continue unabated.
According to the Mercatus Center at George Washington University, for example, Ocasio-Cortez’s plan for universal Medicare would end up costing more than $30 trillion, even after factoring in the sweeping tax hikes that would offset the expense by only roughly $2 trillion. Charles Blahous, a senior strategist at the Mercatus Center and an author of the study, later charged that Ocasio-Cortez had wildly misinterpreted his study to try to argue that “Medicare-for-all” would save money.
“One of the things that I admire and respect is the measurement that is captured in three letters: ROI,” Harris responded. “What’s the return on investment? People in the private sector understand this really well. It’s not about a cost. It’s about an investment. And then the question should be, is it worth the cost in terms of the investment potential? Are we going to get back more than we put in?”
Harris’ loose invocation of an economics term echoed language by Ocasio-Cortez, who has repeatedly and confidently said “there’s a little thing in economics known as externalities” to justify her Green New Deal proposal.
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Silly Kamala…if you are going to calculate the ROI you’d know that the benefit would have to be divided by the cost of the investment. That’s how this ratio works.
But I know math doesn’t really apply when sucking us taxpayers dry.
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