Ocasio-Cortez Dumbfounded on How She’d Pay For $40 Trillion Socialist Programs (Video)

Ocasio-Cortez Dumbfounded on How She’d Pay For $40 Trillion Socialist Programs (Video)

Ocasio-Cortez claims, ‘These are generational investments.’

Congressional candidate Alexandria Ocasio-Cortez (D-N.Y.) said Sunday that the Medicare for all proposal she and other progressives have championed would ultimately save Americans money, despite studies that have shown the idea would cost up to $40 trillion.

“Medicare for all would save the American people a very large amount of money. And what we see as well is that these systems are not just pie in the sky,” Ocasio-Cortez said on CNN’s “State of the Union,” noting that Canada, France, the United Kingdom and other democracies have a similar form of health care.

“What we need to realize is these investments are better and good for our future. These are generational investments,” she added.

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CNN’s Jake Tapper pointed out that some left-leaning studies have shown that the cost of Medicare for all would total close to $40 trillion. Ocasio-Cortez’s plan to increase taxes on the wealthy and corporations to pay for the idea would only cover about $2 trillion, Tapper noted.

Ocasio-Cortez did not provide specifics for where the other $38 trillion in funding would come from, but acknowledged that “there are political realities” with which the concept has to contend.

Ocasio-Cortez, a self-identified democratic socialist, scored a significant upset in June when she defeated Rep. Joseph Crowley (D-N.Y.) in a primary, and is expected to win election to the House in November. She has made Medicare for all a cornerstone of her congressional campaign.

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