President Barack Obama and congressional leaders reached a last-minute budget deal on Friday, narrowly averting a government shutdown. The deal would cut roughly $38 billion from a federal budget expected to exceed $3.7 trillion this year. We speak to Jeffrey Sachs, director of the Earth Institute at Columbia University...Jeffrey Sachs, director of The Earth Institute at Columbia. He is also president and co-founder of Millennium Promise Alliance, a nonprofit organization aimed at ending extreme global poverty. He is the author of numerous books and articles on development and economic policy.
JEFFREY SACHS: Well, this is a miserable step in the wrong direction. It started last December, when Obama and the Republicans agreed to cut a trillion dollars of taxes by extending the Bush tax cuts. And now, even though the details aren’t even worked out, apparently, they’re slashing into programs for the poor. So this is all going in the wrong direction, and
many of us who supported President Obama just feel that he’s abandoned the field. He’s left it to the right wing, which wants nothing more than taxes cut for the rich, whereas the American public is saying very clearly, in every opinion survey, one after another, if you want to close the deficit, go after taxes for the rich, raise them, cut military spending, cut the excess profits in the insurance industry and healthcare, do things that would really make a difference—don’t punish the poor. And yet, that’s what Obama is giving up right now. It’s absurd. And when Plouffe says, "Well, it’s unacceptable that the taxes on the rich have come down," the President not only agreed to that last December, but when they announced the compromise this weekend, he referred to that historic agreement last December. So the whole thing is a bit of a mass confusion, and I find it absurd....
Well, first of all, Fox News is pure propaganda. We know that. But it’s just relentless propaganda, and people respond to it. To my mind, the Tea Party is nothing but a Fox News Channel propagandistic creation. This is Roger Ailes at work. So that’s one part of it. But it gets a lot of—lot of press.
Same thing with the Wall Street Journal editorial page. That’s our leading business press, but it’s so relentlessly phony and right wing on the editorial page that you never hear anything about the middle. It’s only about tax cuts. It’s all this drum beat to cut taxes, cut taxes, cut taxes.
Then the mainstream, you know, basically, the New York Times, as far as I’m concerned, it just tries to protect its inside line to the White House. So, whatever the White House says, that’s what it reports. But it doesn’t report the fact that there’s a whole public opinion out there that needs to be covered. And I find that very, very sad.
http://www.democracynow.org/seo/2011/4/11/dont_punish_the_poor_economist_jeffrey
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