Bernie Sanders' plans would add $19 trillion to the national debt

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Study Says Bernie Sanders' Tax Plan Could Nearly Double National Debt

A new analysis of Sen. Bernie Sanders' tax plan suggests the Democratic candidate might be biting off more than he can chew.

The Tax Policy Center looked at what Sanders is proposing to spend versus how much he would increase taxes. According to its research, the plan would add about $18 trillion to the national debt by 2026.

It's important to note that this is just one analysis. The Committee for a Responsible Federal Budget estimated that Sanders' spending plan would add anywhere between $2 trillion and $15 trillion to the national debt. It later updated its own estimate to say the plan would cost $19 trillion.

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It's easy to see why a Sanders presidency would increase spending. He wants to implement single-payer health care and eliminate tuition for public universities, all while expanding family and medical leave and Social Security. And the tax increases he wants may not cover those costs.

It's estimated his tax plan would provide an extra $15 trillion in tax revenue but that the country would end up spending over $33 trillion more than under President Obama.

To put that into perspective, the national debt has climbed by almost $9 trillion during the Obama administration and currently sits at around $19.2 trillion.

Ten facts you should know about Bernie Sanders:

10 things you don't know about Bernie Sanders
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Bernie Sanders' plans would add $19 trillion to the national debt

1. He's a socialist, and he doesn't deny it. When he ran for office in 1990 he responded to an ad trying to link him to Fidel Castro by saying,  "I am a socialist and everyone knows that."

(AP Photo/Toby Talbot, File)

2. He used to moonlight as a comedy actor, appearing in the 1999 film "My X-Girlfriends Wedding Reception."

(Photo by Win McNamee/Getty Images)

3. He is the longest-serving Independent member of Congress ever.

 (AP Photo/Jacquelyn Martin)

4. He made headlines in in 2010 when he tried to block a deal that included a tax cut extension for the wealthy with a filibuster-like stand. The stunt trended on Twitter with the hashtag #filibernie and later crashed the Senate video server.

Photographer: Andrew Harrer/Bloomberg via Getty Images

5. He is not religious. While all past presidents have been openly religious and Christian, Sanders says he identifies as Jewish but doesn't practice. 

 (Photo by Win McNamee/Getty Images)

6. Despite being given an"F" rating by the NRA, Sanders has often voted in their favor. Once he voted to pass a bill that would prevent people from suing manufacturers, dealers and distributors when their products were misused.

(AP Photo/Jacquelyn Martin)

7. He grew up in a working class family in Brooklyn, and his father was a Polish immigrant.

 (Photo by Win McNamee/Getty Images)

8. He released an album called 'We Shall Overcome' in which he reads speeches about peace and justice with a choir singing in the background. It's available on iTunes. 

(Photo By Bill Clark/Roll Call/Getty Images)

9. He is a big believer in Scandinavian political thinking and has said that the U.S. should adopt some of their principles, including the idea that health care should be a right, and higher education should be free.

 (Photo By Bill Clark/CQ Roll Call)

10. Barack Obama campaigned for him when he ran for Senate in 2006.
(photo credit: AP)

It went up nearly $5 trillion under former President George W. Bush. No previous president saw the debt go up by more than $2 trillion.

The Sanders campaign also weighed in, saying the study from the Tax Policy Center "wildly overestimates" medical costs, arguing health care would be made much cheaper by eliminating bureaucracy and dropping prescription drug prices.

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