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 nations debt: the massive U. S. military budget. Weve got to get this militaryindustrial lobby under control, but its hard to do, because its a bipartisan affair, says our guest, economist Jeffrey Sachs, whose recent article is headlined Americas Wars and the US Debt Crisis. Transcript: Democracy Now is an independent global news hour that airs on over 1, 500 TV and radio stations Monday through Friday. Watch our livestream at Mondays to Fridays 89 a. m. ET. Support independent media: Subscribe to our Daily Email Digest: