Bernie's Budget-Busting Plans
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Description
Bernie Sanders wants government-run health care for all. He also wants a Green New Deal, college debt forgiveness, universal child care, universal preschool and more. Former Clinton administration Treasury Sec....
show moreFormer Clinton administration Treasury Sec. Larry Summers says the whole agenda would cost $60 trillion over ten years - more than doubling all current government expenditures. Sanders has plans to raise $20 trillion in new taxes but has not explained how to cover the other $40 trillion.
But even if Sanders only gets a fraction of what he wants, who would pay the bill? Sanders says corporations, Wall Street, and "the rich" would pick up the tab. But how will he have to define "rich" to get to $20 trillion?
National Taxpayers Union President Pete Sepp joins Greg Corombos to discuss what paying for the Sanders agenda would really look like, why higher taxes eventually stop producing more revenue, and what would happen to Social Security and Medicare if we pile on more entitlement programs.
Sepp also addresses claims that debt doesn't really matter and has less than sterling reviews for President Trump's latest budget proposal.
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Author | Radio America |
Organization | Radio America |
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