Home / Investing / If Bernie was elected next year and implemented "The Green New Deal", this is the amount of debt he would add for 10 years compared to our current path

If Bernie was elected next year and implemented "The Green New Deal", this is the amount of debt he would add for 10 years compared to our current path

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by smurfin101

Sources


westerncaucus.house.gov/uploadedfiles/costs_of_the_green_new_deal.pdf

High estimate

The American Action Forum estimates that if the New Deal Green (GND) is enacted, each American household would pay $ 65,000 per year to pay the bill and that the total price could reach $ 93 billion in the first 10 years alone.


Low estimate

Liberal economist Noah Smith estimated that the cost of the Green New Deal without all the promises listed in the Frequently Asked Questions would be $ 6.6 billion annually.


Federal debt: total public debt

On average, we have been adding about $ 1T in debt per year to our total debt.


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