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

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