A Deficit Hawk Hypocrite
August 14, 2012
What caused the country to blow a big budget surplus and end up with a $1 trillion deficit and $16 trillion national debt? Sen. Bernie Sanders says the major factors were unfunded wars, tax breaks for the rich, Wall Street deregulation and a prescription drug program that made it illegal for the government to bargain for lower prices. Rep. Paul Ryan, a self-styled deficit hawk, voted for all of them.
Ryan voted for wars in Iraq and Afghanistan without a way to pay for them. He supported tax cuts for the wealthy. He voted for the deregulation of Wall Street, which led to the recession and falling revenues. And Ryan backed the prescription drug program that House Republicans rigged to favor the pharmaceutical industry.
Watch Sen. Sanders Senate speech on deficits.