The youngest congresswoman-elect in the history of the United States made another horribly wrong claim on Twitter on Sunday in an attempt to justify the cost of Medicare for All.
“$21 TRILLION of Pentagon financial transactions ‘could not be traced, documented, or explained,’” she said, referencing an article by The Nation shared by far-left MoveOn’s Jordan Uhl.
“$21T in Pentagon accounting errors. Medicare for All costs ~$32T. That means 66% of Medicare for All could have been funded already by the Pentagon. And that’s before our premiums.”
“In all, at least a mind-boggling $21 trillion of Pentagon financial transactions between 1998 and 2015 could not be traced, documented, or explained, concluded Skidmore,” the article said.
The fact that the Pentagon cannot account for $21 trillion in transactions is not ideal, but Ocasio-Cortez equated the $21 trillion in accounting errors with $21 trillion spent, which is simply untrue.
Brian Reidl, a Senior Fellow at the Manhattan Institute explained:
“For those wondering: In the original study, $21 trillion refers to transfers back-and-forth between accounts,” he said. “So the same $1 can be counted 1000’s of times. It *does not* mean that $21 trillion in total spending was mis-spent. AOC should have realized $21T *spent* is crazy.”
For those wondering:
In the original study, $21 trillion refers to transfers back-and-forth between accounts. So the same $1 can be counted 1000's of times. It *does not* mean that $21 trillion in total spending was mis-spent.
AOC should have realized $21T *spent* is crazy.
— Brian Riedl (@Brian_Riedl) December 3, 2018
But Ocasio-Cortez did not realize that $21 trillion spent is “crazy,” because common sense is not a virtue with which the political left is endowed, and to them, facts do not matter.
So, to be clear: The Pentagon did not spend $21 trillion that cannot be accounted for, and Medicare for All would still bankrupt the nation. Until she decides to put her thinking cap on, Ocasio-Cortez will be a gift to Republicans that keeps on giving.
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House Republicans Hoping to Get Americans Back to Work By End of April
It’s a aspiration, not a plan.
House Republicans are considering plans that would help Americans get back to work by the end of the month. Kevin Brady of Texas told reporters on a conference call that the caucus is preparing preliminary plans that phase the workforce back in at the end of April.
“Our focus is on locking down the virus while we’re taking the steps now to prepare to reopen the economy by the end of the month if the virus permits.”
Brady was careful to qualify that there’s no guarantee the public health situation in the United States would allow such a development.
“I think we should all expect the jobs, the unemployment in the GDP numbers to feel brutal over the short term. It’s because they are. This economy is taking hits like we’ve not seen in most of our lifetimes. But it is just a short-term hit.”
Initial social distancing guidelines set forth by the White House in conjunction with the CDC were extended from two weeks to April 30th earlier in the week, suggesting the executive branch may be cautiously looking towards the end of April to begin phasing out the unprecedented disruptions to everyday American life.
It is worth noting that an early cease to social distancing and commonsense measures to deter the spread of the Chinese coronavirus could prove to be even more harmful than the negative impacts to the economy since the beginning of the virus-related recession. This can’t be rushed. But the consequences of the economic damage are real, and all Americans should look to get everyday economic life up and running against as soon as possible.
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