Sen. Bernie Sanders: America's Wealthy Should Pay For Bush's Bailout

News & Politics

The Bush administration's $700 billion financial bailout is roughly what the United States has spent so far on the Iraq war and would raise the national debt ceiling to $11.3 trillion. Despite the enormous scale of the request, the Bush administration is demanding that Congress "place no restrictions on the administration other than requiring semiannual reports to Congress."

Sen. Bernie Sanders (I-VT) is one of the few people questioning how the country will pay for this $700 billion package. In an interview with ThinkProgress today, Sanders said that he believes that the wealthiest Americans -- who have reaped enormous benefits under the Bush administration -- should foot the bill:

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