Consider this recent Tweet from the Senator:
His and many other Americans view of the world is doom and gloom, hardship beyond coping with, lost opportunity, obstacles impossible to be overcome. Sen Sanders is old enough to know better, to know more about recent history and how Americans have coped in the past.
The above Tweet says a lot about the socialist view of the world. Ignore the real problem and solve for the symptoms by throwing collective tax money at them while creating additional dependence on government. Why aren’t we addressing why education costs what it does and has grown as at the rate it has? The same goes for health care. How many Americans who want a job and have prepared themselves for one can’t find a job?
Let’s talk about increasing costs. Look at the above figures and then consider that if you had $1.00 in 1970, you would need $2.12 to buy the same thing in 1980. Between 1980 and 1990 you would need $1.56 for each 1980 dollar, but between 2000 and 2010 you would need only $0.27 more.
I bought my first house in 1971, the interest rate was 9-1/2%. I bought another house in 1987 at 9-3/4%. In 2018 I bought a condo at 4-3/4% interest. Even today you can buy a home with only 5% down. In other words, things have been worse, much worse.
Those who claim they lost all their retirement savings during the recession and thus we need much higher Social Security benefits must (should) be kicking themselves in the wallet.
S&P 500 2008 to 2018