I wouldn't call Sachs a radical. He's for loads of new non-defense spending, but only if accompanied by tax increases. He subscribes to his own brand of deficit delirium and has a weird political idea about some kind of militant middle rising up and vanquishing both major parties. His deficit stance is especially unconstructive these days.
On Thu, Jan 3, 2013 at 4:39 PM, Ian Ilett <[email protected]> wrote: > So after months of argument, threats and dispute, the leaders of the > US Congress duly trooped out before the cameras and said they have > ‘saved America’s middle class’ from facing a steep fiscal cliff. In > reality, the politicians had turned the fiscal cliff into a fiscal > farce... > > Remember what Obama said recently:“The truth of the matter is that my > policies are so mainstream that if I had set the same policies that I > had back in the 1980s, I would be considered a moderate Republican.” > The only difference is that Obama and the Democrats want to make any > cuts in welfare slower and more gradual and raise taxes on the better > off a bit more. The Republicans want to cut welfare more quickly and > preferably not raise taxes at all. Jeffery Sachs, newly converted > radical from mainstream economics, condemns the Congress agreement > because it does not allow the Bush tax cuts to expire! He wants the > fiscal cliff to remain. Sachs argued that many people will say, “Yes, > but why tax the middle class to collect more revenues?” Sachs answers > by saying by that Americans need to be taxed more in order to pay for > welfare and education etc. It’s the only way, he says. > > Michael Roberts blog latest: > > http://thenextrecession.wordpress.com/2013/01/03/from-fiscal-cliff-to-fiscal-farce/ > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l >
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