Tuesday, February 14, 2012

The GOP Budget Is Terrible But The Obama Budget Is Not What We Need Either

Jeff Sachs looks at the Obama budget and concludes that it is better than what the GOP would offer, but it is not what we need. The Obama budget includes cuts to discretionary spending that will make us less well off in the future. He contrasts the Obama budget with the budgets of Northern European countries to point out the real comparison that we should make. Its not between the awful GOP budget and the Obama budget. It should be between our budget and what more socially responsible countries do.

Sachs makes the argument that our electoral politics are locked into a battle for the median voter and dependent upon campaign contributions from wealth donors who expect payment in return. The political battleground is between the center left and the far right in the US. This drive our politics to the center right.

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