When Bernie Sanders proposed $18 trillion in increased federal spending over the next ten years, most observers chuckled and asked what else one could expect from the self-described socialist. But what then is one to make of Hillary Clinton? She hasn’t — yet — risen to Sanders-level spending, but she’s certainly heading in that direction.
This week, for example, she unveiled a “jobs” plan that includes the usual motley collection of infrastructure projects, “green energy,” subsidies, manufacturing incentives, government research and development, and so on. In total these proposals would cost at least $350 billion over a decade.
Clinton’s jobs program comes on top of a $75 billion proposal for increased spending on clean energy that she announced earlier. She also wants more government support for child care, a proposal that some estimate could cost $200 billion or more over ten years. That would be on top of her proposal to give states grants to encourage them to implement paid family leave, which would cost at least $10 billion, and her $10 billion proposal for subsidizing home care for the elderly.