Reponsible Debt Reduction

Our $13.7 trillion national debt was run up by two wars, tax breaks for the rich, a Medicare prescription drug bill written by pharmaceutical lobbyists and the Wall Street bailout — all unpaid for. After leaders of a White House debt commission floated bad ideas to deal with deficits, like raising the Social Security retirement age to 69, Bernie assembled seniors organization, labor unions and others in to come up with ways to cut the deficit without hammering the middle class. "At a time when the middle class is disappearing and when the top 1% now earns more income than the bottom 50 percent, this Congress is going to have to be very careful about how it goes forward on deficit reduction," Sanders said.  "In my view, we must not balance the budget on the backs of working families, the elderly or the poor.  Instead, we’ve got to do away with the enormous tax breaks and loop-holes that have been given to millionaires and billionaires and take a hard look at the excessive amount of money we spend on the military as well as some other government agencies."