The presidential candidate would invest $3 trillion in infrastructure, create 2.7 million jobs and raise taxes on the rich, but that’s just a fraction of what Sanders would do to fix the economy and provide healthcare to all Americans, according to a new analysis.
“He would invest in infrastructure and create 2 million jobs, raise taxes to close the wage gap and pay for healthcare for all Americans.
But, of course, that would be the end of his presidency,” according to the analysis, produced by the Roosevelt Institute.”
The real answer to America’s problems, and the answer to the future of our country, is that we need to invest in jobs, education, infrastructure, housing and clean energy and then we have a serious chance of getting back to where we started,” said Mark Zandi, an economist at the Roosevelt.
Sanders is not alone among presidential hopefuls in his belief that we should invest in our future.
Other top contenders, like former Florida Gov.
Jeb Bush, have argued that we cannot afford to invest right now and that we must focus on the long-term, rather than just the short-term.
But economists and the public generally believe that Sanders’ proposal would add billions in new debt for the federal government.
They argue that by reinvesting those trillions in infrastructure improvements and education and health care, Sanders would have the economy growing and wages rising again.
“Sanders would invest billions in infrastructure.
He would invest hundreds of billions in education and jobs.
He’d invest tens of billions more in healthcare,” Zandi said.”
In the next 10 years, we could invest a lot of money in education, a lot more in jobs.
We’d invest billions more for infrastructure and infrastructure upgrades.
And then we could spend trillions more on healthcare.
That’s a plan that can be paid for.”
But there are also significant concerns about how much of Sanders’ proposed investments would be needed.
While Sanders’ tax proposals would add millions to the national debt, Zandi says they would increase taxes on high-income earners, including those at the very top of the income scale.
“We have to be very careful about how we use the money that we get from tax increases,” he said.
“We’re not going to have a balanced budget in a few years, but we need a balanced spending program.
That means not just spending what we have but also spending where we need it.”
Sanders is expected to release his tax plan in the coming weeks.
He also has indicated that he wants to focus on building the infrastructure necessary to create jobs and make our economy more competitive.
“If we’re going to invest billions, we need the money now,” he told ABC News.
“If we have enough money, I’d like to invest those billions.”
But that’s not enough to stop Republicans from attacking him for the plan.
In a new ad released Tuesday, the Republican National Committee says the senator has been using a plan he’s authored to create $1 trillion in debt.
The ad, produced for the Republican Party, is the latest attempt by the RNC to paint the Democratic presidential candidate as irresponsible, out of touch and lacking a vision for the country.
The Democratic National Committee did not immediately respond to a request for comment from ABC News about the ad.