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Economist Joseph Stiglitz: Trump's Budget Takes a Sledgehammer to What Remains of the American Dream

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https://democracynow.org - The Trump administration unveiled its $4.1 trillion budget Tuesday. The plan includes massive cuts to social programs, while calling for historic increases in military spending. The budget proposes slashing $800 billion from Medicaid, nearly $200 billion from nutritional assistance programs, such as food stamps and Meals on Wheels, and more than $72 billion from disability benefits. The plan would also completely eliminate some student loan programs. It would ban undocumented immigrants from receiving support through some programs for families with children, including the child care tax credit. The budget also calls for an historic 10 percent increase in military spending and another $2.6 billion to further militarize the U.S.-Mexico border, including $1.6 billion to build Trump’s border wall. For more, we speak with Nobel Prize-winning economist Joseph Stiglitz. Democracy Now! is an independent global news hour that airs weekdays on nearly 1,400 TV and radio stations Monday through Friday. Watch our livestream 8-9AM ET: https://democracynow.org Please consider supporting independent media by making a donation to Democracy Now! today: https://democracynow.org/donate FOLLOW DEMOCRACY NOW! ONLINE: Facebook: http://facebook.com/democracynow Twitter: https://twitter.com/democracynow YouTube: http://youtube.com/democracynow SoundCloud: http://soundcloud.com/democracynow Daily Email: https://democracynow.org/subscribe Google+: https://plus.google.com/+DemocracyNow Instagram: http://instagram.com/democracynow Tumblr: http://democracynow.tumblr.com Pinterest: http://pinterest.com/democracynow iTunes: https://itunes.apple.com/podcast/democracy-now!-audio/id73802554 TuneIn: http://tunein.com/radio/Democracy-Now-p90/ Stitcher Radio: http://www.stitcher.com/podcast/democracy-now
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Текстовые комментарии (462)
JIM ECKENRODE (2 месяца назад)
Well I guess President Trump has proved that all these morons who think they know everything don't know shit.
Kalum Batsch (5 месяцев назад)
There isn't a Nobel Prize in economics.
airborne1 (7 месяцев назад)
Massive tax breaks for billionaires? Are you kidding? What do you think these people do with the breaks? Stash the money under their mattresses? They re-invested into the economy! What ignorance!
Joan Casey (8 месяцев назад)
2nd classCitizen (8 месяцев назад)
there are a lot of lazy abled bodies that should not get social security payments
Libertarian Prince (8 месяцев назад)
DemoCRIPS and ReBLOODlicans: No More Gangs in Government Paperback – May 28, 2013 by Jesse Ventura (Author),‎ Dick Russell (Contributor)
Jerry Samuels (9 месяцев назад)
How can The Congress Of The United States allow this to happen to its citizens? Is this not a declaration of war against the citizens of the United States? What am I missing?
martin grahdu (9 месяцев назад)
Over 3% now
Karlo Ladislaus (9 месяцев назад)
So,the professor got wrong as well....this is a problem of liberal professors.They put politics forwards before their true intellectual.....The economy is growing at 4% now.
Suzanne Lowrie (10 месяцев назад)
Impeach Comrade Trump. Get him out. We’ve had enough.
Marcus Braszell (10 месяцев назад)
We've been watching this unravel from abroad (Australia). Looks like a terrible situation where many in the poor and middle classes have been duped by a business criminal - who is now driving the economy into the ground at a foundational level. SAD 😉 It could be time for countries to think about who the next next super power will be beyond the USA as Trump and Republicans, if left unchecked, could be the death nail of a once formidable economy.
Crystal Meserve (10 месяцев назад)
A climate change musical is a lot less waste than all of trumps cabinet's private flights!
Mike Harrington (10 месяцев назад)
How I admire the French Revolution.
Ricardo J Virrueta (11 месяцев назад)
I love how everyone is complaining from their computer all comfortable. All of this is happening because we are lazy and consumed with technology and stupid media. We dont get up and go protest. We deserve what happens to us.
Clubland Exrcixe (11 месяцев назад)
JESTER: How is Trump corrupt?  He's in bed with Putin and Russia, he's committed money laundering for decades, racketeering for decades, taking Russian-Deutsch sanctioned bank loans in the millions, stealing away all our rights, our freedom, health care, clean water, clean air, education, self-serving tax cuts for his obscene  family and pals, a full metal jacket traitor to America - Lumpy won by committing treason - he lost by 3.5 million votes LEGALLY ~!~
Clubland Exrcixe (11 месяцев назад)
VOTE OUT REPUBLICANS and then your ideas will come to fruition shortly thereafter.  Repukes live to honor and fund their corporate donors; who in turn they steal from the Middle Class to fund them - that vicious 2% obscenely rich circle goes round and round and round down the cesspool drain eventually we hope but highly doubtful between Russia,  GOP lies, deceit, fear mongering, factless fake news, and out of control and our hands GOP self-serving behavior.
ElPocho DelMundo (11 месяцев назад)
Amazing. Even David Stockman thinks it's bad. Stockman was of course the chief budget officer for Regan. If you've got economists from Stockman to Stig panning it, saying basically, it's not even comprehensible as an economics document, you know you've got scam and voodoo in tandem.
corryjookit (11 месяцев назад)
Republicans are now the greediest bastards in the world. That's why Americans don't get health care as a normal human right. Did you know that the 14th Amendment gives Corporations the same rights as individuals. Crazeee!
Ernei Henson (11 месяцев назад)
Today is Dec. 6, 2017. Last qtr. GDP came in at 3.7...unemployment at a 17 year low. The stock market tipped out at a record 24, 000 plus. Leave it to biased Democracy Now! to book this liberal piece of shit economist expounding on the wonders of the Swedish economy and the beauty of their immigration policy. This is the perfect example of fake news and how our tax dollars are used to subsidize socialist propaganda. Thomas Sowell must be banging his head somewhere. ?...
Jae Lynn (11 месяцев назад)
If people don't rise up soon in a serious way, we are fucked even worse than we already are!
Jae Lynn (11 месяцев назад)
They are raiding Medicare/Medicaid to try to stop single payer in the future. The GOP is fricking EVIL to the core!
tradeeagle (11 месяцев назад)
please call Senate offices of Flake,Collins, McCain, Corker... they are the best chance to defeat this economic crime.
Futures (1 год назад)
I hope the Americans can stand up and fight these sickening psychopaths - cutting while massively increasing the military - paying ordinary people to control other ordinary people = here's hoping the military people side with the people
Ecléctico Iconoclasta (1 год назад)
It sort of seemed that Trump´s presidency could be a protectionist nationalistic cuasi fascist presidency but it now is clear that it mixes xenophobia with crude neoliberal economic cuts in favor of the corporate elite. The US is not even in a economic crisis yet. I feel sad for the working people who got conned by this demagogic asshole
Dee Pattison (1 год назад)
Mick Mulvaney is a waste of taxpayer money!!! Trump is a waste of taxpayer money and so is this entire administration. The EPA could well save a boatload of money because it protects the health of the nation which is extremely expensive. Money spent to protect the environment could well save a great amount of money now spent to try to cure cancer and other health disasters.
Dee Pattison (1 год назад)
The definition of insanity is doing the same thing over and over and expecting a different result, which describes this tax plan. That means that the Republican party is insane and so are the people who vote for them. This plan has been tried twice before to the detriment of the country. When are people going to wake up? Someone must have a better idea, but the idea of more equality economically is anathema to the people who control this country. If you are poor or middle class you can expect to become even poorer in the future.
D Storm (1 год назад)
Stiglitz is totally wrong, which goes to show -- yet again -- that Nobels are handed out many times for leftist claptrap.
Nu Duo (1 год назад)
Tell them Goyims!!!
Jmriccitelli (1 год назад)
@Eric Carlos Bertrand....Remember me??? Remember I told you Joseph Stiglitz was a wolf in sheep's clothing and you defended him??? Go to Google and type, """World Economic Forum Joseph Stiglitz says get rid of cash, move to a digital currency!!!""" WHAT??? LOL, Paging Mr. Orwell, paging Mr. Orwell, you have a telephone call sir, it's big brother Mr. Orwell!!!! LOL, you just got owned Eric!!!!!
loveyouall66 (1 год назад)
H. v. Heeswijk (1 год назад)
That is the consequence to go from a debt-economy back to a creating-economy. Eventually the produktion-economy will win over the publicmoney-addictive-parasite-economy. The transition will be however, painfull, but is not even a random "choice" from. Mr. President Trump. My opinion......
Rascal (1 год назад)
3.0 growth in production GDP is considered minimum criteria for a viable health of all countrys in world. we have a 1.2 GDP !!!! on par with Congo Zimbabwe n Haiti...we are largest 3rd world country on planet
Rudy Ruacho (1 год назад)
jdanielcramer (1 год назад)
Stiglitz is brilliant. That's why the WH can't understand him.🤡
Hulk Hulk (1 год назад)
Trump = Inequality
atomant451 (1 год назад)
He (Trump) didn't drain the swamp, he sank to the bottom.
SkyLabb Technology (1 год назад)
This is one fucking dog ugly bitch. No wonder she hates life so much.
jntj (1 год назад)
Either Trump's supporters are "stooopid", or their delusional.
noopysma (1 год назад)
Makes no sense at all to be in favor of an arms deal with a country who's citizens flew planes into our skyscrapers but find it ok to want to make budget cuts to the least among us (elderly, handicapped & struggling students) because they think that EVERYBODY getting "something" for "free" that they, themselves can not is just plain lazy and won't work. OH...and then show up in church every Sunday and claim to be a good Christian. You've all been dazzled by Trumpenfeuher B.S. Remember when he said "Two Corinthians?" Yeah....there's a person with "real Christian values" for ya. Even non-Christians know it's "Second Corinthians". If this budget passes, the pitchforks will come and hiding in a gated community won't help because there's always more pitchforks than crowns.
Michael Pellegrini (1 год назад)
Look at the metrics: The US spends at least 8 percent of GDP on national security (the UK about 2 percent), and about 18 percent on health care (the UK about 7 percent). In other words, the US spends about 26 percent of GDP on those two items, the UK about 9 percent. Long story short: US GDP is about $20 trillion, so if we spent 9 percent of our GDP on those two items, like the UK, we'd save $3 trillion a year, enough to eliminate our national debt (about $20 trillion) in less than seven years. We spend way too much on national security and health care. What is truly unnerving about both parties is that they have lost the ability to think analytically, to look for good models, to adopt best practices around the world, because they are beholden to special interests or unholy ideologies that sanctify their own self-interest and greed.
Max Darling (1 год назад)
Bernie is such a joke. Hey Bernie, I hear Venezuela calling you.
Iamtop (1 год назад)
China will be the first world power pretty soon, especially with Trump in office. And once China is first then we will start to see countries stop trading oil in dollars and the such and no "freedom" war will change that. Trump or not the US is doomed on the long term anyways because the strength of their economy heavily relies on the dollar being the world's main trading currency, without that their economy isn't that strong because of a horribly bad redistribution of wealth that would take decades to change, if possible at all. Pushing Europe into China's arms like Trump did at the G7 is just stupid beyond belief.
stephanie tyson (1 год назад)
This budget has got to be the weirdest budget I've ever seen it just doesn't make sense it doesn't seem to help anyone it seems to make an extremely tense complicated process worse. It's very strange I hope it does not pass I would love to have a comprehensive budget plan.
Tmoni 78 (1 год назад)
These cuts will be American genocide for years to come if #45 stays in office. Why are we taking our time to impeach this guy and his council???
Daniel Jester (1 год назад)
he means the sanders family if trump cuts the money being funneled from fanny-may to the government slush funds under the guise called obamacare....trumps a financial genius if nothing else and donates his salary....he lost money to become president and clean it up....give him a chance....all the crooks are the ones crying to scare you and we cant do any worse at this point
Denny DeGorio (1 год назад)
"Americans, like human beings everywhere, believe many things that are obviously untrue. Their most destructive untruth is that it is very easy for any American to make money. "They will not acknowledge how in fact hard money is to come by, and, therefore, those who have no money blame and blame and blame themselves. "This inward blame has been a treasure for the rich and powerful, who have had to do less for their poor, publicly and privately, than any other ruling class since, say Napoleonic times. "Many novelties have come from America. The most startling of these, a thing without precedent, is a mass of undignified poor. They do not love one another because they do not love themselves.” ― Kurt Vonnegut, Slaughterhouse-Five
David Schmidt (1 год назад)
David Schmidt (1 год назад)
snovismom (1 год назад)
The guy filed bankruptcy 6 times! What did they expect.
Paul Artz (1 год назад)
Stiglitz is a lying SOB!!!
Paul Artz (1 год назад)
Have a good day!!!
Sparrow Dean (1 год назад)
Are you insane?  Where or what is the lie in what you posted?
Paul Artz (1 год назад)
If you have read the "Changing Our Constitution" above and cannot figure it out there is nothing anyone can do for you!!
Sparrow Dean (1 год назад)
Paul Artz        You haven't said what Stiglitz lied about.
Sparrow Dean (1 год назад)
Paul Artz        What did Stiglitz lie about?
Paul Artz (1 год назад)
Socialism is the end of a civilization, not its beginning!!
Paul Artz (1 год назад)
A little realityWe the American people (each of us) are responsible for our country!!!!! In any civilization, past, present or future, under any form of government, pharaoh, dictator, king, ceasor, communism, socialism, republic, parliament or congress, there is only one person responsible and you can meet that person when you look in the mirror to comb your hair, shave your face or put on your makeup. That is the person responsible!!! When we abrogate our responsibilies to any form of government, that government, driven by their own narcissism and greed will eventually make us their pons and slaves. It is time to mature, stop blaming congress, the president, the Federal Reserve or government in general. We are the problem!!!
jefferson broady (1 год назад)
Wait until the next stock market collapse. The economy is doing well right now and people do not think they or a family member will need any of these programs.
Robert Allen (1 год назад)
This terrific concept of 'eating the rich' has me thinking how damn tasty Nancy Pelosi would look lathered in my special 'Q' sauce....yum...haunch of Nancy with a tangy bite back!
Bruce Hauge (1 год назад)
Amazing these sick pricks can sleep at night.
Peter Edwards (1 год назад)
This budget scheme is a low-ball first offer.  Adopting it as is will ensure defeat at the polls in 2018 for an already threatened Republican congress, so whatever they do, it won't be this.
Carol Vogelman (1 год назад)
Vile trump! Thank god for Bernie everyone and I pray daily for his health and well being!
Ernei Henson (11 месяцев назад)
Carol Vogelman Bernies going to die without socialized medicine....
Carol Vogelman (1 год назад)
What amount has the average American paid into social security? Somewhere 3 Roosevelts are calling out great advice and we are not hearing it!
The Rambler (1 год назад)
I thought the purpose of this budget was to finally get to work on the 20 trillion dollar debt the US has
colin lee (1 год назад)
In Canada we get 9 months Paternal leave....socialized health care.
Ernei Henson (11 месяцев назад)
colin lee In Canada the thought police send you to prison......wonderful....
john smith (1 год назад)
This is all based on lies. There aren't cuts, spending will increase but at a smaller rate.
Sherry Allen (1 год назад)
my son has autism and I have lupus we count on some of these programs I'm afraid we will see hunger and have no health care before trumps 4 years are up. I just keep telling myself that I was given this life because I'm strong enough to live it.
Gustav (1 год назад)
The US is in for a teachable moment. The antihumanistic streak is quite blatant. US poverty and income inequality is already highest in the OECD. With this will come an array of social problems.
Gerard Short (1 год назад)
It must be a terrible shock to Trump supporters in the 'rust belt' and elsewhere to see him do this but they acted in hope and desperation. We have to accept the truth that all this everywhere will not end until some seemingly insignificant issue blows up and the lot topples. It's always been that way and some smarter ones can see it coming. patience my friends, patience. " Beware making an enemy of a man with infinite patience"
Patricia MacLeod (1 год назад)
Where is FDR when we need him? He knew how to make America "great." Deplorable incompetent GOP creating a wasteland. Unbelievable insanity!
Nolege Is Power (1 год назад)
Its becoming time we need to think about going to the streets.
DavidMillsSeven (1 год назад)
Barb Livingston (1 год назад)
DUMPSTER wants to build a monument to himself...the Mexico BORDER wall. I am sure he will want his name plastered on it as well.
A normal Christian (1 год назад)
A lack of wisdom and understanding of politics is the problem, no one who is experiences in politics would promise so much, as Trump did, as they know its not possible to deliver, and if voters had more than one brain cell working they too would understand this. Countries like the UK are able to provide health care to everyone, with no premiums rising, by making everyone pay income tax, the rich pay more because they have more income, so everyone is covered, for nearly everything. Trump is a con man, telling the people you will everything for nothing, like those con men that say they have a great deal on a Rolex, you spend half of what a real one would cost for a fake that is worthless; it takes a greedy fool to fall for such a con; and those who did not vote at all are the biggest fools of all, as if their vote would not have made a difference; if you did not vote you have no right to moan about how things turned out.
Thecornerstone 33 (1 год назад)
Trump yet again proves he has absolutely no fucking idea what he's doing.
Robert Smith (1 год назад)
The United States is rapidly becoming an Oligarchy. Capitalisms version of Communism! "New Slavery" Exists!
Traci Robarchek (1 год назад)
None of Trump's proposed bills are going to pass from here on out. DOA. Nowhere to go but down. Trump has bottomed out.
noopysma (1 год назад)
Traci Robarchek From your mouth to God's ears!!!
NG (1 год назад)
Make America a Third World Country Again!
Airbloom Amplifiers (1 год назад)
I really loved "Blazing Saddles".
milanchamps (1 год назад)
You get the government you deserve: good job everyone who voted for him!
Michelle Cummings (1 год назад)
This is going to take us down a road of desperation, crime will rise and they will want to dictate our every move because of it. Suffering for the rest of us, that is this budget. For the GOT fan`s ~ Winter is coming. Why is there never an MMT conversation with all the tax speech?
aprinc1960 (1 год назад)
America needs to become Socialist nation and get rid of this capitalist government we currently have. Sweden, Norway and the Netherlands have a higher standard standing of living than we do, your college and medical are all free. They pay more taxes than we do but we as Americans pay more out of our pockets than they do. The rich have been spewing out nothing​ but propaganda on the evils of Socialism, they try to compare it to Communism to scare the American public which is so gullible and believes anything that is told to them. Socialism will only hurt one group in America, the rich because they know they will have to fork over more of their wealth to a government that benefits all of its citizens and not just one group. If Socialism doesn't work, than why are those countries living better and longer than we do? All those tax cuts and slashing of medical and social programs is a prime example of politicians only working for the best interest of its wealthy donors who are already rich and turning it's back on the average American citizen who needs all the help they can get. The Republican party is a party of hate that has no empathy for struggling Americans​. It's time that we as Americans stand together and vote that devil worshipping party out of power, why not their not doing nothing for you but making your life more miserable.
Ted Turner (1 год назад)
lmao u idiot the only reason those countries work is cuz number 1 every1 has jobs and produce more in an hour then americans in 3 hours and 2...they are only 5 million ppl on average...a country of 336 million ppl would never ever work with socialism especially with 20 million illegals that dont pay taxes... and the fact that america is all about the big companies...usa socialism= rich take all ur damn money and the middle class pays the poor instead of the rich paying it.... also the rich own the fukin government whether its the right or left its called an oligarchy and every country has dem
Mindful Peasant (1 год назад)
The US is on its way to become a third world hellhole!
Amelia Renkel (1 год назад)
He speaks of continuing resolution budget at 16:50. In other words: crisis management mode. Standard Operating Procedure by GOP 'leadership': create the crisis so they can swoop in later to play Hero and rescue the country out of the situation. A scenario which never works and is detrimental to the economy, our country, and the American people. However, it is a scenario which appeals to their PRIDE. This is a typical result of extreme income inequality. Those who have too much money and time on their hands become destructive; they manipulate people and resources to feed their own egos. And who pays the cost for these havoc wreaking narcissists? The rest of us pay the price because narcissists always protect themselves and blame other people / circumstances for the problems the narcissists caused.
Peter Lwinoo (1 год назад)
Welfare Sanders- hope to be President 2020. All vote for you.
bighands69 (1 год назад)
When did the American dream become pro welfare
mudshark jones (1 год назад)
when some Americans grew up and realised that "the American dream" was a lie sold to them by the wealthy so the masses would not demand that the rich paid their fair share to a society that vastly favors them . still sleeping ?
brian mcintyre (1 год назад)
GOP a cruel and unusual govt 2018 midterms cant come fast enough.
Jeff G (1 год назад)
Trumpers, hope you're happy and satisfied. You voted a lyin' fraud to the highest office in the world. The damage he's doing to the country is just beginning, and he's only been in office four months.
Blatantone (1 год назад)
The Military Machine and the rich make a KILLING! Trump is screwing the very idiots who voted for him and the rest of us who didn't vote for his green ball ass.
Jeannine Jacobs (1 год назад)
Mr. Steiglitz, Perhaps you could gift your book on the Euro to our president, as you both are in agreement on that, Trump behind Brexit.
Leen Hintjens (1 год назад)
This is crime dressed up as law and economics
Dianne Foster (1 год назад)
Once again Amy you support the very people that have spent decades destroying our economy. But the last 8 years is the worst. How can you sit there and defend even one of this complete criminals that have ripped us off for years. Wake up! I finally woke up. You are old enough to face this. All these so called experts have done nothing, but steal from us and make a living off of empty phrases while they fill their pockets.
Sterling Pound (1 год назад)
War on the poor, at home and abroad. Winners take all.
Eric Hofer (1 год назад)
Who are we at war with that we need to ramp up military at the expense of internal spending? And when we spend on military it tends to go to a handful of companies while social programs are spent throughout the community.
Mike Harper (1 год назад)
Trump and his band of ghouls are actually insane - Bannon and the rest of them are actually trying to trigger a revolution
Brand Gardner (1 год назад)
audio problems
Daniel Catallo (1 год назад)
Just 1.6 Billion $ for building the wall. Try 26 Billion $ if Trump is actually serious about building that wall.
eric carlos Bertrand (1 год назад)
It's the stupid, economy!
Khashon Haselrig (1 год назад)
lol 0% estate tax to gain on estate tax. Trump, GENIUS!
Homa Monfared (1 год назад)
US Army killing innocent results in killing innocent people in Manchester, stop US Army to be terrorist t blow back around the world by ISIS and other terrorists group which supported and trained by US Army, down with US terrorist group.
SomeOne1121 (1 год назад)
The people can put up with a lot, but remember that there was a time when they had enough and finally stormed the Bastile...and then the streets ran red with blood from the Guillotines.
Alex K. (1 год назад)
What an idiot professor.. The american dream is dead precisely because of big bloated government budgets.. Trump should take the biggest sledge-hammer in history and reduce government spending to as little as possible, only then will the american dream come back... When government gives back the money to the people then they can realize their own dreams.
Kaylynn (1 год назад)
This is why its important to look at a candidates credentials and failures, before we make him the "CEO of America".
David Te'Kannon (1 год назад)
Dear Amy and Mr. Stiglitz, Thank you for your dedicated and honest reporting Amy and thank you Mr. Stiglitz for your very informative lectures and video presentations and I look forward to reading your latest book. I am writing to you to ask this question: Are we not looking at the world’s most underrated practical joke? Isn’t it obvious that Mr. Trump is doing everything in his power to get out of office? No-one in their right mind would present a budget like the one you are discussing, not even someone who is out-of-their-mind when I think of it. I think Donald Trump does love his country as he has repeatedly said. What it looks like to me is that he has asked himself, ‘How do I get out of this thing, how can I gracefully exit the stage from being President?’’ He is a smart man and knows that he is not good at politics and what really tells me I’m right is him having the Russians in the Oval Office and kicking out the American media. You can almost hear him saying to Mr. Labrov, ‘’If this doesn’t work I don’t know what will?’’ He is taking everyone for a ride until he gets his walking papers and gets to go back to his business interests a much, much richer man.
softminimal1 (1 год назад)
Hey Ivanka, I thought your old man was the new champion of women and families, what happened?
Scameron44 (1 год назад)
New Zealand just released its budget...$billions in tax reductions for the poor and families, huge  new spending on health and Education.....wow ...wish I lived in the United states of idiot

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