Jeff Sachs Does Not Like The Ryan Budget Or The Obama Budget
Jeff Sach's writes in The Financial Times about the battle over fiscal policy in the US election. He has nothing good to say about the Ryan budget, but it is not that different from the Obama budget. Politics is essentially about how much government raises in taxes, and who they take it from. It is also about how government spends it tax income. Obama favors a more progressive tax system than Ryan, but he also cuts discretionary spending. They both favor a smaller government.