At a time when the average student is graduating from a four-year college $27,000 in debt, when hundreds of thousands of capable young people no longer see college as an option because of high costs and when the U.S. is falling further and further behind our economic competitors in terms of the percentage of young people graduating from college, no agreement should be passed which, over a period of years, makes a bad situation worse and will make college even less affordable than it is today.
After all, Wall Street is clearly the most powerful lobbying force on Capitol Hill. From 1998 through 2008, the financial sector spent over $5 billion in lobbying and campaign contributions to deregulate Wall Street.
Interpretation
What this quote means
This quote highlights the immense influence of Wall Street on government decisions through lobbying efforts and financial contributions.
In this quote, Bernie Sanders draws attention to the overwhelming power that Wall Street exerts on political processes, particularly through significant financial contributions and lobbying efforts directed at deregulating the financial industry. The staggering amount of over $5 billion spent from 1998 to 2008 underscores how vested interests can shape legislation and policy, often at the expense of public welfare and economic stability.
Themes
In practice
Example use cases
During a lecture on corporate influence in politics, this quote could illustrate the dangers of lobbying.
More from Bernie Sanders
All quotes →Do the elected officials in Washington stand with ordinary Americans - working families, children, the elderly, the poor - or will the extraordinary power of billionaire campaign contributors and Big Money prevail? The American people, by the millions, must send Congress the answer to that question.
In any democratic, civilized - even non-democratic nations, if you are a nation, it means to say that in our case, if there's a hurricane in Louisiana, the people of Vermont are there for them. If there's a tornado in the Midwest, we are there for them. If there's flooding in the East Coast, the people in California are there for us.
Who do you think controls the Republican Party? Big money controls the Republican Party. This is where their campaign contributions come from.
The deficit crisis is real and must be addressed. But it cannot be solved on the backs of the weak and vulnerable.
Let us wage a moral and political war against war itself, so that we can cut military spending and use that money for human needs.
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