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Old 04-08-2016, 10:45 AM
 
8,131 posts, read 4,323,939 times
Reputation: 4683

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Analysis: Sanders’s ‘Great Society’ could add $15 trillion to the debt 6 / 26 Fiscal Times

Eric Pianin6 hrs ago


Not since Democrat Lyndon B. Johnson has any candidate for president wanted to do as much to expand the size and scope of the federal government as Sen. Bernie Sanders of Vermont, the democratic socialist who has high ambitions to beat out former Secretary of State Hillary Clinton for the Democratic presidential nomination this summer.


If Sanders had his way, the government would provide free college tuition to all students at state-run colleges and universities. Americans would be entitled to medical and family leave from work, courtesy of the federal government. Rather than trimming benefits of the Social Security system, as fiscal conservatives say would sustain the retirement program, Sanders would engineer an historic expansion of the program for retirees and the disabled.


That’s just for starters. Sanders’ most ambitious and costly proposal would enact a European-style single-payer national health insurance program to guarantee every American health care coverage. He would launch a major new infrastructure program to repair and replace the nation’s aging highways, bridges, airports and water projects. And he would provide universal childcare and pre-school programs.
To his credit, Sanders’s has proposed a series of massive income and payroll tax increases to help offset the cost of his ambitious program. That’s assuming, of course, that he could push trillions of dollars in tax hikes past congressional Republicans who wouldn’t even go along with a five-cent increase in the federal gasoline tax last year to help repair crumbling highways.




Analysis: Sanders
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Old 04-08-2016, 11:31 AM
 
Location: By the sea, by the sea, by the beautiful sea
68,326 posts, read 54,344,425 times
Reputation: 40721
No doubt the MIC will be up in arms if it doesn't add to its coffers.
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Old 04-08-2016, 01:11 PM
 
Location: Cape Cod
24,450 posts, read 17,199,589 times
Reputation: 35711
Bernie has lots of great ideas that appeal to the masses who want more free stuff but as the saying goes "socialism is great, until the money runs out"


Bernie is a modern day Robin Hood.
I wonder how he would look with a feather in his cap and green tights?
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Old 04-08-2016, 01:25 PM
 
Location: Texas
1,050 posts, read 698,274 times
Reputation: 309
Taxes would be levied on Wall St. speculation

Also, corporations would have to invest in our country w/ some of their stowed away $$$
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Old 04-08-2016, 01:38 PM
 
12,772 posts, read 7,971,928 times
Reputation: 4332
Quote:
Originally Posted by Emerald Forest View Post
Taxes would be levied on Wall St. speculation

Also, corporations would have to invest in our country w/ some of their stowed away $$$
What exactly does that mean? Corporations are in no way shape or form required to "invest in our country" nor should they be. They operate for profit within the current laws and tax regulations.
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Old 04-08-2016, 01:51 PM
 
Location: United States
12,390 posts, read 7,091,770 times
Reputation: 6135
Quote:
Originally Posted by Emerald Forest View Post
Taxes would be levied on Wall St. speculation. To the tune of $15T, I don't think so.

Also, corporations would have to invest in our country w/ some of their stowed away $$$. That would cause many of them to flee overseas.
My comments are in red.
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Old 04-08-2016, 02:36 PM
 
Location: Texas
1,050 posts, read 698,274 times
Reputation: 309
Quote:
Originally Posted by stburr91 View Post
My comments are in red.
I don't think there has been a president who has accomplished all their goals.

What's more important--and what you previous posters may still not like or agree w/ as far as Sanders is concerned- is that the president can get things going in his/her direction and set the tone
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Old 04-08-2016, 02:36 PM
 
Location: Philadelphia, Pennsylvania
7,736 posts, read 5,508,099 times
Reputation: 5978
Everyone would pay for it. I personally don't think the return is worth the risk.
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Old 04-08-2016, 02:46 PM
 
Location: Denver CO
24,204 posts, read 19,188,286 times
Reputation: 38266
Quote:
Originally Posted by Cape Cod Todd View Post
Bernie has lots of great ideas that appeal to the masses who want more free stuff but as the saying goes "socialism is great, until the money runs out"


Bernie is a modern day Robin Hood.
I wonder how he would look with a feather in his cap and green tights?
oh, you don't have to wonder. This is in fact an image that some supporters of campaign have promoted.



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