1. The American Economic Crisis: Where Do We Go From Here? Jeffrey D. Sachs Student Lecture Columbia University November 23, 2010

2. Unemployment Rate, October 2008, Seasonally Adjusted

5. Poverty Rate in OECD Countries Note: Poverty Rate defined as proportion of households below half of median income

7. Ratio of CEO Compensation to Average Production Worker Pay

11. Top Marginal Tax Rate

15. Figure VI.1 Wall Street Bonuses During 1990-2008

18. Public Social Expenditure as Share of GDP

20. Includes all discretionary programs in the following areas: Agriculture, Commerce, Education, Energy, Housing, Justice, Labor. State, International Development, Science and Technology, Space, Climate Policy, Infrastructure Budget Proposals for 2009-2019

22. The key implication is that US systematically under-provides key public goods, including: Income support for the poor Education Public health Sustainable energy Infrastructure Civilian R&D Overseas Development Assistance The result, if continued, is a long slide to mediocrity, indebtedness, and increased social division.

26. The Reform Agenda Breaking the Low-Skill Trap Financing Higher Education Investing in Sustainable Infrastructure Cutting Military Spending and End the Occupations Raising Taxes on the Rich Public Campaign Financing End Corporate Abuse of Politics: lobbying, disinformation, campaign financing, revolving door employment Restore Social Ethics