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Bernie In 1987: Medicaid For All ‘Would Bankrupt The Nation’

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Vermont Senator Bernie Sanders is pushing a plan, with Democratic Party support, to introduce single-payer health care, whereby Americans are issued a card to get free health insurance for the government.

Unfortunately, Sanders said in 1987 as mayor of Burlington, Vermont that socialized medicine would “bankrupt the nation.”

Oh well. Here’s the video, courtesy of NTK Network.

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Big League Economics

$1.9 Trillion Stimulus Package Passes the House With $15 Minimum Wage

The bill includes $1,400 stimulus checks.

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The House of Representatives passed President Joe Biden’s $1.9 trillion dollar stimulus package in a near party-line vote on Friday night. Two Democrats deflected, declining to vote for the bill.

The bill includes a provision to raise the federal minimum wage to $15 an hour. This provision is likely to be removed in the Senate, with the Senate parliamentarian ruling that a spending and appropriations package can’t include a minimum wage increase.

Republican critics of the bill have alleged that the legislation is weighted towards ‘pork’ spending, with hundreds of billions delegated in the spending package that have little to do with the coronavirus. Senators such as Mitt Romney have pointed out that the bill provides billions in funding to state governments such as California, which incurred a budgetary surplus in 2020. Critics have alleged that a third stimulus package should be more directly targeted, with the federal government incurring the largest budget deficit in the history of the United States in 2020.

The package’s main provision is a round of $1,400 stimulus checks for all taxpayers who filed less than $75,000 in their 2019 tax return.

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Senate Democrats are determined to pass the large stimulus package using budget reconciliation, a process that would only require 50 votes to pass. Biden’s voter base have become increasingly impatient, with the Democrat having previously promised that stimulus checks would be issued immediately after his ascension to the presidential throne.

If left-wing pork projects prevent Biden from delivering on his game-changing campaign promise of stimulus checks, his presidency will be exposed as little more than a false bill of goods sold by the feckless establishment since the beginning.


Follow me on Gab @WildmanAZ, Twitter @Wildman_AZ, and on Parler @Moorhead.

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