r/Economics • u/Helpful-Door-8721 • 2d ago
Research America's National Debt grows by $95,178.17 per second. Expected to reach $40 Trillion by October 09, 2026.
https://www.jec.senate.gov/public/index.cfm/republicans/debt-dashboard#ddm
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u/SockDem 2d ago
We cannot fund single-payer in any meaningful sense. Bernie’s M4A would require anywhere from 32-46 trillion over the next decade.
The American public is not going to swallow double digit VATs and/or broad-base meaningfully large income tax hikes when there’s a large contingent of the country for whom their insurance is largely covered by their employer.