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cutting defense spending isn't enough to pay for social spending plans

Military spending is out of control, but how does it stack up against social security, Medicaid, and Medicare? We're all for reducing defense spending, but it might surprise you to learn that we actually spend more on health care than the military. We even spend more just on social security than the military. Even if we took all the money from the military, somehow confiscated all the net worth of all the billionaires in the US, managed to double the amount of money the government collects in annual income tax revenue and found other ways to raise all the money we need to pay for the new massive social spending programs that have been proposed by Bernie Sanders and others (which is essentially impossible), the act of monetizing all of that money and getting it circulating in the economy would have another major problem.

English
  • Originally Aired October 26, 2021
  • Runtime 2 minutes
  • Network YouTube
  • Created June 30, 2022 by
    limestop
  • Modified September 1, 2022 by
    limestop