$52 trillion is the amount Elizabeth Warrens campaign is conceding her Medicare for All proposal will cost over its first 10 years. That would be $5.2 trillion each year. All of this ignores inflation which Senator Warrens plan would supposedly make vanish.
Anyway, after the laughter subsided, I wondered how to express $5.2 trillion in more understandable terms. Here�s one way.
The CBO projects 2019 federal spending to be about $4.4 trillion.
Senator Warren is saying that the projected annual cost of her plan is greater than this year�s total annual federal expenditures.
Show of hands please. Who wants your taxes more than doubled? Anyone? Anyone?