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renate

(13,776 posts)
Mon Feb 8, 2016, 04:34 PM Feb 2016

Under Sanders, income and jobs would soar, economist says

Median income would soar by more than $22,000. Nearly 26 million jobs would be created. The unemployment rate would fall to 3.8%.

snip

Friedman found that if Sanders became president -- and was able to push his plan through Congress -- median household income would be $82,200 by 2026, far higher than the $59,300 projected by the Congressional Budget Office.

In addition, poverty would plummet to a record low 6%, as opposed to the CBO's forecast of 13.9%. The U.S. economy would grow by 5.3% per year, instead of 2.1%, and the nation's $1.3 trillion deficit would turn into a large surplus by Sanders' second term.

Sanders' plan to pour $14.5 trillion into the economy -- including spending on infrastructure and youth employment, increasing Social Security benefits, making college free and expanding health care and family leave -- would juice GDP and productivity. Also, he would raise the minimum wage, as well as shift income from the rich to the middle and working class through tax hikes on the wealthy and corporations.

http://money.cnn.com/2016/02/08/news/economy/sanders-income-jobs/index.html

Well, that sounds pretty good to me!

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Under Sanders, income and jobs would soar, economist says (Original Post) renate Feb 2016 OP
Duplicate Ferd Berfel Feb 2016 #1
oops! you're right! renate Feb 2016 #2
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