"Gang of Six" Plan?" "Not So Fast," Says Bernie Sanders

[Forkboy]

With a blessing from President Obama and support even from some deficit-hawk Republicans, momentum is building for the ten-year deficit reduction plan announced Tuesday by the "Gang of Six" Democratic and Republican senators. "Can't We All Just Get Along" commentators like the proposal, while headlines declare: "Bipartisan Support Builds for Gang of Six $3.7 Trillion Deficit-Reduction Plan."

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He is objecting. And he says the American people should join him in challenging a a plan that he says would result in devastating cuts to needed programs.

“While all of the details from the so-called Gang of Six proposals are not yet clear, what is apparent is that the plan would result in devastating cuts to Social Security, Medicare, Medicaid and many other programs that are of vital importance to working families in this country. Meanwhile, tax rates would be lowered for the wealthiest people and the largest, most profitable corporations," says Sanders.

“This is an approach that should be rejected by the American people. At a time when the rich are becoming richer and corporate profits are soaring, at least half of any deficit-reduction package must come from upper income people and profitable corporations. We must also take a hard look at military spending, which has tripled since 1997.”

http://www.thenation.com/blog/162166/gang-six-plan-not-so-fast-says-bernie-sanders