Don't know Senator BS? Think Barack Obama on steroids.
- increasing the "capital-gains tax, the estate tax, and personal income-tax rates for the wealthiest Americans";
- to "impose a fee on financial transactions, with investment companies taxed on every stock they trade";
- providing universal healthcare for every American;
- making tuition at public universities free; and,
- repairing the nation's aging infrastructure (NOTE: So much for the success of all those "shovel-ready" jobs...whatever happened to all of those $$$s?).
Today, government debt as a percentage of gross domestic product is at the highest level since World War II. And it’s at its highest peacetime level in the nation's history.
Consider this: It took 100+ years to accumulate the nation's current 18T+ debt. Senator BS's plan would double that amount in just 10 years. By contrast, Hillary looks like a piker. Her proposals would only add $650B to the nation's debt over the 10 years.
For those Democrats who are inclined toward socialism--the socio-economic system in which the government owns and controls the major means of production--Senator BS's policy proposals are music to their ears. In fact, those Democrats actually propose in an article over at TheNation.com a counter-intuitive proposition: Increasing federal spending will lower the nation's debt.
Fine. That's their opinion. They have every right to advocate and agitate for it within the nation's political system. And they're apparently willing to put their votes where their opinions are. RealClearPolitics.com notes:
- In June 2015, 59% of registered Democrats said they would vote for Hillary Clinton. In September 2015, only 44% said they would vote for Hillary.
- In June, 12% of Democrats said they would vote for Bernie Sanders. In September 2015, 23% said they would vote for Bernie Sanders.
What do those Democrats desire? To enjoy the kind of peace and prosperity that characterizes European social democracies like Greece and Italy? To pay the confiscatory tax rates of many European Union nations, like Belgium, France, and Germany? To enjoy high unemployment rates and watch on idly as the value of their investments collapse? For the federal government to tell them how much of their money they can withdraw from an ATM daily?
The pathway toward prosperity for a nation and its citizens isn't paved with entitlements, high taxes, and government regulations. If it was, the USSR would still be a superpower and the United States wouldn't be on the decline.
Let the discussion begin...
To read the latest RealClearPolitics.com polls, click on the following link:http://www.realclearpolitics.com/epolls/latest_polls/
To read The Wall Street Journal article, click on the following link:
To read the article in TheNation.com, click on the following link: