Varney: Warren's plans are a 'dangerous game' for the US economy

Senator Elizabeth Warren gives new meaning to that old slogan "tax and spend." Her numerous "plans" are really tax and spend on steroids.

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Here's the "education plan" revealed Monday: $450 billion extra for low-income students; $200 billion extra for students with disabilities; $50 billion for school buildings. Grand total: an extra $800 billion worth of spending in ten years. That's a lot of money but there's no new federal spending for charter schools. Gee, I thought they had been successful but the teacher's union doesn't like them, so they're out. Eight hundred billion dollars extra for everything else but charter schools: not a penny.

While we're on the spending side, please remember Senator Warren's "plan" to spend $1 trillion on universal childcare, $600 billion for "free" college and $640 billion on student debt forgiveness. And please, don't let the $32 trillion Medicare-for-all "plan" slip your mind. Senator Warren gives new meaning to the expression "vote buying." Because that's what it is: "Vote for me and look at what I'll give you."

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So how does this all get paid for?

Answer: This can't all be paid for.

Senator Warren wants a wealth tax, higher income tax rates, higher corporate taxes, higher death taxes and she still hasn't told us which tax will pay the trillions for Medicare-for-all. In short, her ideas are economic nonsense.

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And nobody, least of all the socialists, will say what all these taxes would do to the economy. It's a dangerous game: Promise a world you cannot pay for, just to buy votes.