Jeffery Sachs slams Democrats and Republicans on “unrealistic budget”

Summary points:

  • Both parties are cutting back on services for the poor
  • Tax cuts for the rich won’t help balance the budget
  • Sachs says history shows that Laffer curve is nonsense
  • Both parties financed by the wealthy
  • Sees a decline in American power
  • U.S. infrastructure crumbling
  • Policy being driven by wealthy people and corporations
  • Civilian “discretionary” portion of the budget (education, science, infrastructure) dwindling as entitlements, military spending, and interest payments take over most of the budget
  • America’s leaders ignore problems of energy, climate problems,  and food instability
  • Politics dominated by campaign finance
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: