Jeffrey Sachs: Bipartisan Support of War, from Iraq to Ukraine, Is Helping Fuel U.S. Debt Crisis

The United States faces a default on its debt in early June if a deal on the debt ceiling is not reached between the Biden administration and Republicans in Congress before then. House Speaker Kevin McCarthy is pushing for sweeping budget cuts and new work requirements for recipients of government programs, including Social Security, Medicare, Medicaid and SNAP. Notably, however, neither Republicans nor Democrats are proposing cuts to one of the biggest drivers of the nation’s debt: the massive U.S. military budget. “We’ve got to get this military-industrial lobby under control, but it’s hard to do, because it’s a bipartisan affair,” says our guest, economist Jeffrey Sachs, whose recent article is headlined “America’s Wars and the US Debt Crisis.

Jeffrey Sachs: Bipartisan Support of War, from Iraq to Ukraine, Is Helping Fuel U.S. Debt Crisis

Previously:

The War in Ukraine Was Provoked—and Why That Matters to Achieve Peace

China’s Foreign Policy: Lessons for the United States

China’s orchestration of the renewal of diplomatic relations between Iran and Saudi Arabia should be a wakeup call to the Biden administration’s national security team, particularly to Antony Blinken’s Department of State. China’s success exposes flaws in American national security policy, particularly the policy of nonrecognition as well as the reliance on the use of military force to achieve gains in international politics. Our instruments of power are not working.

China’s Foreign Policy: Lessons for the United States

How much did Trump-era tariffs on China cost Americans? New US findings confirm ‘self-inflicted harm’

Import tariffs placed on more than US$300 billion worth of Chinese goods during the Trump administration increased US prices, according to a report from a bipartisan US trade commission, confirming a widely held view among analysts of trade and tariffs that they caused “self-inflicted harm”.

How much did Trump-era tariffs on China cost Americans? New US findings confirm ‘self-inflicted harm’