Bernie Sanders Responds To WSJ Claim His New Social Programs Would Cost $18 Trillion: "Over Exaggerated"

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Sen. Bernie Sanders joined MSNBC's Andera Mitchell on Tuesday.

MITCHELL: Now, today's "Wall Street Journal" itemizes what they say would be the price tag of what you are proposing, the social programs.

$18 trillion over ten years.

Is that sustainable given the economy, given where the budget is and the deadlock in Congress?

SANDERS: Andrea, that is not the reality.

We will be responding to "The Wall Street Journal" on that.

I think most of the expense that they put in there, the expenditures have to do with the single payer health care system. They significantly exaggerated the cost of that and they forgot to tell the American people in that article that that means eliminating the costs that you incur with private health insurance.

The truth of the matter is right now, as a nation, we spend far, far more on health care per person than do the people of any other nation and yet we continue to have about 30 million people who have no health insurance, many more who are underinsured and we pay, again, by far the highest prices in the world for prescription drugs.

No question to my mind that moving toward a Medicare for all single payer program is the most cost-effective way to provide health care to all of our people.

Second point, which they really didn't get into, is we are going to demand that the wealthiest people and the largest corporations in this country do start paying their fair share of taxes.

When we have massive income and wealth inequality, when 58 percent of all new income is going to the top 1 percent, when you have major corporations in a given year paying zero in federal income taxes, yes, we need real tax reform to bring in substantially more revenue so in fact that we can make sure that every kid in this country who has the ability can go to college, because we are going to make public colleges and universities tuition-free.

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