Sanders confounds with plan to fund massive gov’t, says we’ll bank $70 trillion by saving planet

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Fox News

Bernie Sanders unexpectedly released a fact-sheet Monday night explaining that he'd pay for his sweeping new government programs through new taxes and massive lawsuits against the fossil fuel industry, as well as by slashing spending on the military, among other methods.

The move sought to head off complaints from Republicans and some rival Democrats that his plans were economically unrealistic, especially after a head-turning CBS News interview in which the frustrated Vermont senator said he couldn't "rattle off to you every nickle and every dime" about his proposed expenditures.

He released his plan on his website just minutes after promising to do so during a CNN town hall.

However, the fact-sheet highlighted for the first time that many of Sanders' expected cost-saving measures relied on conjecture and best-case scenarios. For example, Sanders' document asserts that a "modest tax on Wall Street speculation ... will raise an estimated $2.4 trillion over ten years" and, in one fell swoop, make all "public colleges, universities and trade schools tuition-free ... and cancel all student debt over the next decade."

The proposal specifically would place a "0.5 percent tax on stock trades – 50 cents on every $100 of stock – a 0.1 percent fee on bond trades, and a 0.005 percent fee on derivative trades."

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Bernie Sanders’ Road to Serfdom … And Corruption

Front-runner Bernie Sanders portrays himself as the antidote to corruption in Washington. But his own policies guarantee it will vastly increase.

“We will transform our political system by rejecting the influence of big corporate money,” Sanders said when he released his sweeping anti-corruption plan last fall. It includes such things as bans on lobbying, mandatory taxpayer financing of elections and a constitutional amendment restricting free speech.

But at the same time, Sanders’ spending spree would more than double the size of the federal government. He’s proposed free health care, free college, free daycare, guaranteed jobs, a “green new deal.”

When we added up the proposals he’d made, it came to almost $6 trillion in new spending each year. That was as of last August. Sanders has added to his spending plans since then.