Former Reagan budget director David Stockman and Columbia University economist Jeffrey Sachs may not seem like obvious allies, but when it comes to the failings of Paul Ryan's budget plan, they clearly see eye-to-eye. Stockman said it "whiffs entirely," while Sachs called it "absurd."
Among their issues: How about a plan that actually generates revenue? In other words, why shouldn't the richest Americans pay more taxes? Both men supported the repeal of the Bush tax cuts, a move that would have increased revenues by at least a trillion dollars. And while they disagreed about Ryan's drastic cuts of social programs, both Stockman and Sachs questioned the Ryan plan's failure to look at cuts in defense. In fact, the plan increases military spending. Check out the excellent discussion here, moderated by Fareed Zakaria on CNN.
