Thursday, February 28, 2013

Jeff Sachs Accuses Obama Of Being A Deficit Hawk

President Obama's budgets calls for large cuts in non-defense discretionary spending.  He has also extended the Bush tax cuts to 99% of the population.  That is consistent with his campaign promises not to raise taxes for those with incomes below $250,000.  It is inconsistent, however, with his rhetoric on the need for government investments that are essential for our future.  There is no money available for those investments.

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