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Economy

CASH TO BERN: Sanders Pushes $3.5T for ‘Working Families’, 4X Reagan’s Entire Federal Budget in 1984

posted by Hannity Staff - 9.27.21

Far-left Senator Bernie Sanders backed Joe Biden’s $3.5 trillion spending package to help “working families,” claiming the cash is needed to lift millions of families “out of poverty.”

“What the data tells us is clear: when government responds to the needs of the working class, millions of families are lifted out of poverty. We must not stop here. We must pass the $3.5T reconciliation bill and invest in working families,” posted Sanders on Twitter.

 

The astronomical price-tag is more than 4-times Ronald Reagan’s entire federal budget back in 1984.

“President Reagan is proposing an $848.5 billion budget for the fiscal year 1984 that keeps pace with expected inflation and projects a deficit of $189 billion, provided Congress enacts a series of freezes and reductions in domestic programs,” wrote the New York Times back in 1983.

“The budget assumes that the nation’s economic recovery is under way in the current quarter and that it will build steadily until midyear and then average 4 percent growth for the next five years. It predicts that unemployment will peak in the first half of this year, with the economy producing 1.6 million new jobs by fall and 4.6 million more by late 1984,” adds the newspaper.

 

AMERICA RESPONDS: AOC Describes Coronavirus Relief Vote as ‘Literally a Hostage Situation’

posted by Hannity Staff - 3.27.20

Congresswoman Alexandria Ocasio-Cortez described Friday’s vote on the Coronavirus relief plan as a “hostage situation,” calling the legislation a gift to America’s biggest corporations and wealthiest residents.

“Each one of us takes this vote alone. This is not an easy position for anyone to take. It’s a tough position, because it’s literally a hostage situation,” said Ocasio-Cortez.

 

Ocasio-Cortez doubled-down on her fierce opposition to the Senate’s bipartisan Coronavirus relief package Friday; calling the legislation “shameful” and “crumbs” for American families.

“Our community’s reality is this country’s future if we don’t do anything. Hospital workers do not have protective equipment. We don’t have the necessary ventilators. We have to go into this vote eyes wide open,” said Rep. Ocasio-Cortez on the House Floor.

“Shameful! The greed of that fight is wrong, for crumbs for our families, and the option that we have is to let them suffer with nothing or to allow this greed and billions of dollars which will be leveraged into trillions of dollars!” she screamed.

Watch Rep. Ocasio-Cortez’ comments above.

ADD IT TO THE LIST: Fading Bernie Unveils His $2.5 TRILLION ‘Housing for All’ Plan, Calls for Tax Hikes

posted by Hannity Staff - 9.18.19

Fading Presidential hopeful Bernie Sanders unveiled his “Housing for All” plan Wednesday; calling for $2.5 trillion in new spending to expand government programs for low-income Americans.

“In the richest country in the history of the world, every American must have a safe, decent, accessible, and affordable home as a fundamental right,” writes Sanders. “For more than 40 years, we have had an affordable housing crisis in America that has only gotten worse. In America today, over 18 million families are paying more than 50 percent of their income on housing, while last year alone the five largest banks on Wall Street made a record-breaking $111 billion in profits.”

“If we are serious about addressing the affordable housing crisis, we need to build millions of apartments and homes throughout the country that will remain affordable in perpetuity to prevent displacement and serve future generations. And when we do that, we will create millions of good-paying jobs in the process,” adds Bernie.

The new proposal calls for $1.48 trillion to “build, rehabilitate, and preserve” affordable housing across the United States.

It calls for an additional $400 billion to construct 2 million new “units” and $500 million for “development in rural areas.”

Read Sanders’ full plan here.

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