Sanders Unveils Plan to Erase $1.6T in Student Loan Debt: ‘Will Be Fully Paid for by a Tax on Wall Street’

EXCERPT:

SANDERS: “Ten years ago, the United States government bailed out Wall Street after their greed, their recklessness and their illegal behavior drove us into the worst recession in modern history. Today, the major Wall Street banks are larger than ever, their profits are soaring, and their CEOs receive huge compensation packages. Our proposal which cost $2.2 trillion over ten years will be fully paid for by a tax on Wall Street speculation civil as to what exists if dozens of countries around the world. The American people bailed out Wall Street. Now it is time for the Wall Street to come to the aid of the middle class country. This Wall Street tax will have the added benefit of controlling Wall Street recklessness and reducing the likelihood of another major economic crash.”