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2/8/2016 10:16:05 PM
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Under Sanders, income and jobs would soar, economist says

[quote]Median income would soar by more than $22,000. Nearly 26 million jobs would be created. The unemployment rate would fall to 3.8%. Those are just a few of the things that would happen if Bernie Sanders became president and his ambitious economic program were put into effect, according to an analysis given exclusively to CNNMoney. The first comprehensive look at the impact of all of Sanders' spending and tax proposals on the economy was done by Gerald Friedman, a University of Massachusetts Amherst economics professor. 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.[/quote] Hmm, doesn't quite seem to fit with the criticism of Sanders' plans and how it will be the downfall of the US as we know it...

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  • I'm enjoying these debate threads. It's actually inspiring me to research more into politics. I like Sanders ideas and I like that he acknowledges certain things in this country are screwed up. That being said, I'd have to say that his policies look great on paper, but how exactly he's going to implement them remains a mystery. It could fail, or maybe it could work. No system is ever perfect.

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