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Ocasio-Cortez’S Encephalon Is Empty When It Comes To Economics, But...

Alexandria Ocasio-Cortez

In the clip below, Kennedy of FOX News lets it rip concerning the absurd statements of congresswoman-elect Alexandria Ocasio-Cortez, particularly her tweet claiming that accounting deficiencies at the Pentagon means that $21 trillion could guide keep been made available for Medicare funding.


Her reference for the below tweet was genuinely an seek discussing lack of accounting transparency as well as non claiming at that spot was a pile of $21 trillion sitting to a greater extent than or less at the Pentagon

$21 TRILLION of Pentagon fiscal transactions “could non live on traced, documented, or explained.”

$21T inward Pentagon accounting errors. Medicare for All costs $32T.

That way 66% of Medicare for All could guide keep been funded already past times the Pentagon.

And that’s earlier our premiums. https://t.co/soT6GSmDSG

— Alexandria Ocasio-Cortez (@Ocasio2018) December 2, 2018

The Washington Post takes it deep:

 Ocasio-Cortez claimed on Twitter that $21 trillion inward “Pentagon accounting errors” could guide keep paid for 66 per centum of the Medicare-for-all proposal. Her tweet references an article inward the Nation, a left-leaning magazine. The specific business nigh the missing $21 trillion comes from interrogation past times Mark Skidmore, an economic science professor at Michigan State University.

Skidmore has been tracking opaque federal budget moves for years. He tallied $21 trillion inward unsupported accounting adjustments at the Pentagon from 1998 to 2015. The department’s comptroller says these are budgetary moves that “lack supporting documentation ... or are non tied to specific accounting transactions.”

In 2001, for example, then-Defense Secretary Donald H. Rumsfeld testified to Congress that “we cannot rail $2.3 trillion inward transactions.” For 2015, the Pentagon reported $6.5 trillion inward “unsupported mag voucher adjustments.”

Skidmore contends that the Pentagon has competent personnel as well as is no to a greater extent than complex than a large multinational corporation, which makes the trillion-dollar accounting gaps all the to a greater extent than puzzling.

“The ongoing as well as repeated nature of the unsupported mag voucher adjustments coupled amongst the seemingly enormous size of the adjustments warrants the attending of both citizens as well as elected officials,” Skidmore wrote inward a 2017 paper, adding later, “It should live on viable to rail revenues flowing inward as well as expenditures flowing out, as well as portion this information inward a format that tin live on understood past times literate people.”

Regardless, inward the province of affairs Skidmore is describing, the $21 trillion is non 1 large pot of dormant coin collecting dust somewhere. It’s the total of all transactions — both inflows as well as outflows — for which the Defense Department did non guide keep adequate documentation. “The same dollar could live on accounted for many times,” equally Philip Klein wrote inward the Washington Examiner...

[I]n her tweet, [she] clearly implied that the $21 trillion could guide keep been used to pay for 66 per centum of the $32 trillion inward estimated Medicare-for-All costs...

It’s also worth pointing out that Skidmore’s total covers 17 years (1998 to 2015), whereas the Urban Institute’s $32 trillion gauge for Sanders’s Medicare innovation covers 10 years. So the 2 numbers are non apples-to-apples to laid out with.

After this fact banking company jibe was published, Pentagon spokesman Christopher Sherwood said “DoD hasn’t received $21 trillion inward (nominal) appropriated funding across the entirety of American history.”...

Let’s pose $21 trillion inward context. The entire national debt is $21.8 trillion. According to the Congressional Budget Office, total defence spending from 1998 to 2015 was nearly $9 trillion. The CBO estimates $7 trillion inward defence spending from 2019 to 2028.

In other words, completely defunding the armed forces for the adjacent decade would yield solely one-fifth of $32 trillion. That’s a much amend way of illustrating the terms of Medicare-for-All.

But recollect this, real much similar Trump supporters, outrageous, opposite to reality, statements practise non scare away her hardcore base. Further, although she does non look good informed on economics, it appears she is real familiar inward Leninist political strategy---which is a real major concern---since she also appears talented at executing that type of strategy.

-RW 

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