Last updated on September 25th, 2023 at 01:40 pm
Sen. Bernie Sanders (I-VT) showed why he was named to the top Democratic post on the Senate Budget Committee by shredding the Republican budget proposals/
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Sen. Sanders said:
As I examine the budget brought forth by the Republicans in the House and here in the Senate, this is how I see their analysis of the problems facing our country.
At a time of massive wealth and income inequality, the Republicans apparently believe that the richest people in America need to be made even richer. It is apparently not good enough that 99 percent of all new income today is going to the top 1 percent. That’s apparently not enough. It is not good enough that the top one-tenth of one percent today own almost as much wealth as the bottom 90 percent. Clearly, in Republican eyes, the wealthy and the powerful need more help. Not only should they not be asked to pay more in taxes, the Republicans believe that we should cut tax rates for millionaires and billionaires.
It is not good enough that corporate America is enjoying record breaking profits, and that the CEOs of large corporations earn some 290 times more than what their average employees make.
“It is apparently not good enough that since 1985 the top one-tenth of 1 percent has seen a more then $8 trillion increase in its wealth than what they would have had if wealth inequality had stayed at the same level that it was in 1985. An $8 trillion increase in the wealth of the top one-tenth of 1 percent! Apparently, that is not enough.
Meanwhile, as I understand the Republican view of our country, as manifested in the House and Senate budgets, it appears that millions of middle class and working families, people who are working longer hours for lower wages, people who have seen significant declines in their standard of living over the last 40 years, these people apparently do not need our help, rather they need to see a major reduction in federal programs that help make their lives, and the lives of their kids, a little bit better.
At a time when we have over 45 million Americans living in poverty – more than almost any time in the modern history of this country, my Republican colleagues think we should increase that number by cutting the Earned Income Tax Credit, affordable housing, and Medicaid. At a time when almost 20 percent of our children live in poverty, by far the highest childhood poverty rate of any major country on earth, my Republican colleagues think that maybe we should raise the childhood poverty rate a bit higher by cutting childcare, Head Start, the Child Tax Credit and nutrition assistance for hungry kids.
To summarize: the rich get much richer, and the Republicans think they need more help. The middle class and working families of this country become poorer, and the Republicans think we need to cut programs they desperately need. Frankly, those may be the priorities of some of my Republican colleagues in this room, but I do not believe that these are the priorities of the American people.
Sen. Sanders was correct. The Republicans are offering up the ultimate rich get richer budgets. The goal of the Republican budget is to take money away from poor and middle-class Americans and give it to the people at the top. Sanders was spot on. No matter how much wealth the richest Americans accumulate, Congressional Republicans believe that they deserve more.
The House and Senate Republican budget deserve the scorn of the American people because they explicitly confirm the Republican goal of creating an oligarchic society that consists of a few haves and everyone else being a have not. Bernie Sanders saw the picture behind the budget. The Republican budgets have become an annual declaration of economic warfare against the non-rich.
President Obama and Bernie Sanders have both sounded the alarms bells as it relates to this budget, and if Republicans want a fight, they’ve got one.
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