Sunday, July 22, 2007

The economist on John Edwards

Article here.

First the hook:
These ideas do not come cheap. Universal health care will cost some $90 billion-$120 billion a year; the poverty plan $15 billion-$20 billion; the renewable energy fund another $13 billion (though the auction of carbon permits and elimination of subsidies for oil firms should cover some of that). Add in a rag-bag of other ideas and you easily reach some $150 billion of new spending a year, well over 1% of GDP.

Then the kicker:
That, however, is about what the Iraq war is currently consuming.

I love it.