Gerstner says incremental Ukraine budget request could fund Invest America for 50 million kids over fifteen years.
“The the the incremental budget we're looking for in Ukraine would pay for this for 50,000,000 kids and fifteen years.”
Gerstner calculates Invest America would cost $3.7 billion annually, less than one-hundredth of one percent of budget.
“There are 3,700,000 kids born every year in America. If we just put a thousand dollars in the S and P 500, it's only 3,700,000,000, less than one one hundredth of 1% of the national budget, less than the cost of a single weapon system.”
Gerstner says Invest America would cost $3.7 billion annually, less than one-tenth of 1% of federal revenue.
“The total cost to the government is $3,700,000,000 less than one tenth of 1% of our federal revenue.”
Gerstner argues federal budget can balance in four years with modest 5-5-2% spending cuts and 3-4% revenue growth.
“So all that does is get you back to trend line from 2019 As though we increased spending 3% a year from 2019, the budget balances.”
Gerstner calculates federal budget balances in four years with 3-4% revenue growth and modest 5-5-2% annual cost cuts.
“So all that does is get you back to trend line from 2019 As though we increased spending 3% a year from 2019, the budget balances. It's tiny. These are tiny changes in costs.”
Gerstner argues balancing the budget by 2029 requires reducing government spending 3% annually from $7T to $6T.
“Now you get there by simply reducing the size of government by about 3% a year for the next four years. Again, just still going from 5,000,000,000,000 in 2019 to 6,000,000,000,000 in 2029.”
Gerstner calculates that historical revenue growth rates produce $450B to $700B surpluses by 2029 with spending cuts.
“If you do that and simply reduce the size of government back to trend line, you end up with a 700,000,000,000 surplus.”
Gerstner calculates that 4.9% revenue growth would produce a $450B surplus by 2029.
“If we grew revenues at the same rate that we have for the last twenty years, right, starting next year, which is 4.9% per year CAGR for twenty years, we would end up with a $450,000,000,000 surplus in 2029.”
Gerstner calculates that $1,000 seed accounts for all newborns would cost $3.7 billion annually.
“So if you give $1,000 in a seed capital account to each of the newborns in this country every year, it costs $3,700,000,000 Okay? $3,700,000,000”
Gerstner says Ukraine's $175 billion could fund Invest America for 45 years and 170 million children.
“That $175,000,000,000 would pay for this for forty five years and a 170,000,000 American children. It's time that we start making trade offs.”
Gerstner says $3.7 billion annual cost for Invest America equals one Patriot missile battery, calling it budget dust.
“Just to contextualize that, that's about the cost of a single Patriot missile battery. In in Washington, they call this budget dust.”
Gerstner says Invest America costs $3.7 billion annually, equivalent to one Patriot missile battery.
“So the total cost of this, 3,700,000 kids born a year, a thousand bucks each kid, $3,700,000,000. Just to contextualize that, that's about the cost of a single Patriot missile battery.”