Hillary Clinton's recent and extensive policy rollouts have earned her a look in this week's Friday Look.
Clinton, the presumptive Democratic nominee, has promised comprehensive universal health care, government retirement accounts for all, bonds (and abortions) for babies, and the list goes on. It all sounds great on paper, but where does the money come from?
Let's take a closer look at her proposed new spending...
Clinton sells her health care plan as $110 billion a year. Putting aside that that is likely a low-ball estimate, that would still total $440 billion over her first term.
She has also proposed a government funded 401(k) program at a cost of $25 billion a year for a total of $100 billion for her first term. In addition, she has also pledged to create a $50 billion strategic energy fund.
One of my personal favorites is the $5,000 baby bond proposal for the approximately 4 million Americans born each year. A novel approach that carries a price tag of $20 billion a year for a grand total first term cost around $80 billion.
She proposes a universal Pre-K program at $5 billion a year, to increase each year. At minimum, the total first term cost would be $20 billion.
Some of the smaller ticket items include $11.2 billion for the National Institute of Health, $10 billion for education in developing countries, $6 billion for public transit, $4 billion for bridges, $1 billion for at-risk mortgage borrowers, $300 million for "second chance education", and $36 million for phys-ed programs.
And these are only the items with hard numbers, she's also made other promises such as funding destructive embryonic stem cell research and fighting global warming.
So where does the money come from? Take a look at the budget and see if you can figure it out; we sure can't. That only leaves one place, our pocketbooks.
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