Breitbart: Democratic National Committee (DNC) chief executive officer Seema Nanda admitted on Tuesday she does not know how to pay for the socialized medicine scheme known as Medicare for All, estimates of which are somewhere between $32 and $38 trillion.
Nanda, during Yahoo Finance’s “All Markets Summit: America’s Financial Future” event in Washington, DC, on Tuesday, admitted she does not know how to pay for Medicare for All despite a significant plurality of Democrats backing the single-payer plan.
The interviewer asked:
It would be very expensive, so, if this is going to be a winning issue for Democrats in 2020, how do you answer the question of how are you going to pay for this? Because there have been studies, credible studies that say it would cost three trillion dollars a year, you would have to double everybody’s taxes or maybe triple everybody’s taxes. How do you answer the cost question?
“I don’t think we’re there yet,” Nanda admitted.
The DNC chief then pivoted to attacking Republicans over their tax cut legislation, suggesting they planned to cut spending for Medicare, Medicaid, and Social Security.
“So, you know, your answer is I don’t know how we’re going to get there, but these are all big conversations that we need to be engaged in,” Nanda added. MORE