CrusaderFrank
Diamond Member
- May 20, 2009
- 148,628
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It's a spoof, right?That's not fair though! Incredibly wealthy people will see a decline in their obscene incomes! We need to prop up the billionaire class so their warm golden excess trickles down on us! Wait, what's that smell?
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%. 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.