Bernie Sanders: Tell President Obama Hands Off Social Security, Medicare, Medicaid

Sen. Bernie Sanders continues to be one of the stand-up guys in the Senate with telling it straight when it comes to the fact that Social Security does not add a dime to our deficit and that if President Obama wants to do something about the deficit, he needs to be cutting that corporate welfare, instead of talking about balancing the budget on the backs of the most vulnerable in our society and our veterans.

By Heather

01/04/13 06:43 pm

the Ed Rendell and Pete Petersons of the world. I'm grateful that we've got Ed Schultz giving us a break from the otherwise constant drumbeat on his network, calling going after our social safety nets adult, serious and balanced in exchange for Republican hostage taking. on raising the debt ceiling after their party spent like drunken sailors and now don't want to pay their credit card bill.

Wall Street speculation:

Legislation was introduced on Wednesday to impose a financial transaction tax on the trading of stocks, bonds and derivatives. The measure would reduce gambling on Wall Street, encourage the financial sector to invest in the productive economy, and significantly reduce the deficit without harming average Americans. "This bill offers us a clear choice. We can balance the budget on the backs of working Americans and senior citizens on fixed incomes or we can ask the gamblers on Wall Street to pay a little bit more in taxes," said Sen. Bernie Sanders, a cosponsor of the bill.

Under the proposal, there would be a speculation fee of 0.03 percent on credit default swaps, derivatives, stocks, bonds, and other financial transactions. It would yield about $200 billion in new revenue over the coming decade. The lead sponsor in the Senate is Tom Harkin. Rep. Peter DeFazio filed companion legislation in the House.

Bernie Sanders: Tell President Obama Hands Off Social Security, Medicare, Medicaid

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