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Bernie Sanders,’The wealthy and corporations must play a significant role in reducing the deficit.’
After Treasury Secretary Tim Geithner took Social Security off the table, Sen. Bernie Sanders applauded Obama and added, ‘The wealthy and large corporations must play a significant role in reducing the deficit.’
On ABC’s This Week, Tim Geithner announced that Social Security will not be a part of any deficit deal, “We are prepared to, in a separate process, look at how to strengthen Social Security, but not as part of a process to reduce the other deficits the country faces.”
In a statement Bernie Sanders took Geithner’s remarks a step further, stressed that the wealthy and large corporations have a big role in deficit reduction,
I applaud the Obama administration. This is good news for more than 55 million Americans who have earned Social Security benefits today and every working American who will receive Social Security benefits in the future. The fact is that Social Security has not contributed a nickel to the national debt so it makes no sense for it to be part of deficit negotiations.
The American people have been clear that Social Security should not be cut and that the wealthy and large corporations must play a significant role in reducing the deficit.
While Republicans are bickering among themselves about whether or not to support raising taxes on the wealthy, Democrats and the left are pretty much in unanimous agreement on this one.
Sen. Sanders brought up a very important point that congressional Republicans aren’t understanding. Their beloved rich people and large corporations are going to have pay their fair share. There will be no more free ride for their sacred, “job creators.”
The White House proposal reflects exactly what Sen. Sanders is talking about. This deficit can’t be reduced on the backs of the poor, the elderly, the disabled, and the middle class. Today, John Boehner came out in opposition to raising taxes on the wealthy. Also today, Grover Norquist said he wants a deal just like the extension of the Bush tax cuts that was signed in 2010.
Neither of those things are going to happen.
Led by people like President Obama and Bernie Sanders, the left had undergone a complete transformation since the 2010 election. It is now the left leaning part of the country that is unified around a set of values. President Obama has successfully transformed the Bush tax cuts into a values issues, and Sen. Sanders has become the guardian of beloved liberal institutions like Social Security and Medicare. The right is arguing that rich should pay less taxes based on ideology, while the left is championing the value of fairness.
As the right falls apart and the left is moves forward, the new political era that many thought would come after 2008 is now within reach.
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9 Responses to Bernie Sanders,’The wealthy and corporations must play a significant role in reducing the deficit.’
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Anne
Dec. 2nd, 2012 at 4:02 pm
Bernie Sanders always tells it just like it is. These folks who have reaped the most benefits by far of any Americans shouldn’t have any problem paying their fair share of taxes, because they will still be wealthy at the end of the day. It’s disheartening to witness the unbridled greed of some who have no problem kicking the very employees who helped them create their wealth to the curb, but there are also others among them who see the big picture and understand that a healthy middle class is the underpinning for sound wealth.
luciboo
Dec. 2nd, 2012 at 4:27 pm
Bernie thank you so much for be honest with the American people. We need more people lime you in government.
Sally
Dec. 2nd, 2012 at 5:35 pm
It’s too bad people can’t see that Bush is responsible for this mess. Those original tax cuts were passed as a ploy to keep people from questioning his war spending. They did nothing for the economy except drive us into debt. Then he kept the wars OFF the books, and the GOP whines that OBAMA is spending too much. Sorry, guys, when a honest guy gets in and puts all YOUR spending back ON the books, it is still your fault. And fortunately, the American people are coming around. I love Bernie! Can we get Kuchinich a Cabinet position too.
Ralph
Dec. 2nd, 2012 at 5:37 pm
I don’t want the rich to do more than the poor or middle class. That’s also unfair, what I want is them to do the same… meaning, no more tax loopholes, no more offshore accounts, no more bullshit that lets them pay less tax than someone on welfare. Corporate welfare is no better than regular welfare, and if we’re honest, a lot less ethical, one needs it to survive the other needs it to get more wealthy and isn’t a living entity.
Paws
Dec. 3rd, 2012 at 8:09 am
Sen. Sanders is fighting the good fight for the many in our society who are down on their luck, elderly, etc. His is an important voice in our political debates.
It really should be about fairness, although I know gauging fairness is a bit subjective. That said, fairness to me means everyone pays some according to ability and all these loopholes that have been created for people to avoid paying taxes must be closed. There is no reason for us to be subsidizing the oil industry – they do not need our help at all and they are earning record profits. We should be investing in our infrastructure, which has the added benefit of putting many people to work. This is something we have done before when the economy took a downturn but in our current political environment, we’re at a stalemate. We are blaming the poor for being poor, the elderly for being elderly, the unemployed for being unemployed. We have to stop placing blame and start fixing these problems.
People like Sen. Sanders are standing up for all of us and we should support and encourage their efforts to create a little fairness in our policies.
Maranon
Dec. 3rd, 2012 at 10:43 am
…”The right is arguing that rich should pay less taxes based on ideology, while the left is championing the value of fairness”..
It is not ideology, THE TOP 1% OWNS 90 % OF THE WEALTH, they need to pay for their share of their 90% wealth. It is that simple.
The rest of us are scrambling to spread the 10%left over of the wealth for the welfare of the majority of the citizens.
The majority of citizens have been paying social security since they were 16 and started working, they deserve to have their monies back and help them stave of hunger and homelesness.
The robber barons of today want a society like the 3rd world country, where the population can never aspire to anything else but their current state in life, never able to get an education nor own a home.
Slowly they are dismounting the republic and the hard work of legislators from the past 200 years.
Today Britain is announcing a raise in corporate Taxes, we need to do it as well.
Patrick Shane
Dec. 3rd, 2012 at 1:16 pm
Estimates show that marijuana is America’s number one cash crop. However, marijuana remains untaxed. This is a new source of income for our nation, an income we desperately need.
Over 500 of the nation’s top economic professors have shared their opinion in supporting the removing the prohibition and imposing the taxation and regulation of marijuana as a way to slow the federal deficit.
Ending marijuana prohibition would save the US $7.7 BILLION annually. That is nearly as much as Congress’ proposed Budget Control Act. Think of the jobs it would create, the court time I would save and the jail space it would free up for actual criminals.
Sign the petition in the video description.
www.youtube.com/watch?v=-...
Maranon
Dec. 3rd, 2012 at 1:42 pm
I say legalize all drug use and tax it.
There are millionaires beig made of the traffic, including the church pastor in Fountain Hills AZ, having a distribution site at his church!, just was on the news a few days ago.
The traffic is causing border wars, (and that is another busines of its own) but there is some people with many buckets of money financing this trafic.
Then there is the bounty hunting system, that creates more jobs and more money, and more misery.
So while the red voting seniors are worried sick in their condos at the retirement place, their red voting relatives are killing inocent black teens, because they want to believe that it is the brown and black people creating the problems
Lynda
Dec. 9th, 2012 at 4:53 pm
All of this protection of those one percenters makes me wonder . . . exactly how much does a person NEED in order to live a comfortable life? Does it really need a mansion with hundreds of rooms, garages that hold several fancy cars, and gold plated dinner ware?
And if the ReTHUGlican party still insist that these one percenters are the job creators, perhaps they could explain to the rest of us where are all those jobs they supposedly created over the last few years while they have been enjoying tax rates lower than the rest of us.