A top economist has recently declared that jobs and incomes in the United States would soar if Bernie Sanders became president, reports Reverb Press. Despite Donald Trump’s claims that he is going to “Make America Great Again,” we should all be looking to Bernie if we want to see real change.
Gerald Friedman, who is an economics professor at the University of Massachusetts Amherst, has done the math on Bernie’s plans for the country, and the results are astounding. Medium income would rise to $82,000 by 2026, which is $22,000 more than what the Congressional Budget Office has predicted. Americans would also see a decrease in unemployment. With Sanders’ plan, it would plummet from its current place at 4.9 percent to 3.8 percent.
But wait, there’s more. According to CNN Money, we can expect the following excellent numbers:
‘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.’
A decrease in poverty, economic growth, and the deficit turning into a surplus? These are all great things to look forward to.
How is Sanders going to make all these things happen? Practically every other candidate has criticized his plans, saying they are too idealistic. At first glance, his goals do seem a bit lofty. How could we possible provide free education, healthcare for everyone, a better distribution of wealth, and move labor to the green energy field? When they are broken down, though, it seems that his plans are not only the best ones, but the most realistic as well.
It is expected that Sanders’ infrastructure plan would create 10 million jobs nationwide, and his goal to move the country over to cleaner and more efficient energy would create another 10 million jobs. By adding 29 million people to the healthcare system and making higher education more accessible, jobs in those fields are going to increase as well.
Of Sanders’ plan, Friedman said the following:
‘Like the New Deal of the 1930s, Senator Sanders’ program is designed to do more than merely increase economic activity. It will promote a more just prosperity, broadly-based with a narrowing of economy inequality.’
Sanders’ plan is considered the most radical, but it seems to be the only one that would actually work. Other politicians want to utilize the same types of tax cuts utilized in trickle-down economics. Trickle-down economics, which is the opposite of what Sanders wants, is based on the idea that when big businesses and the wealthy are given more tax breaks, they can then create more jobs and expand their businesses. However, the result is that the rich just get richer and the middle-class and poor are left to fend for themselves. Economists back this up, and say that these proposed cuts are “overly optimistic” and don’t go far enough to cover the problems the American people are struggling with.
Friedman is not the only person to have these opinions about Bernie Sanders and his plans for America. 170 economists currently endorse Bernie’s vision. America needs a to experience a pretty big shake up to start improving, and Bernie Sanders is perfect for the job.