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The Budget Deficit Scare Story and the Great Recession

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  • Dean Baker

Abstract

The Great Recession has left tens of millions of families facing unemployment, underemployment and the threat of losing their home. However,concerns over the deficit threaten to derail efforts to turn around the economy and spur employment. This report attempts to correct many of the misperceptions about the deficit that have brought the issue to the center of national debate. In a time when cogent, effective policies are needed to address the suffering stemming from the economic downturn, the tactics of the deficit hawks distract the public and policy makers from the policies necessary to bring the economy back to full employment.

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Bibliographic Info

Paper provided by Center for Economic and Policy Research (CEPR) in its series CEPR Reports and Issue Briefs with number 2010-04.

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Length: 17 pages
Date of creation: Feb 2010
Date of revision:
Handle: RePEc:epo:papers:2010-04

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Related research

Keywords: budget deficit; deficit; healthcare; health care; fiscal responsibility; unemployment; deficit spending;

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  1. Dean Baker & David Rosnick, 2008. "The Impact of the Housing Crash on Family Wealth," CEPR Reports and Issue Briefs 2008-20, Center for Economic and Policy Research (CEPR).
  2. Dean Baker & Hye-Jin Rho, 2009. "Free Trade in Health Care: The Gains from Globalized Medicare and Medicaid," CEPR Reports and Issue Briefs 2009-38, Center for Economic and Policy Research (CEPR).
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Cited by:
  1. Punabantu, Siize, 2010. "The Origin of Wealth," MPRA Paper 24730, University Library of Munich, Germany.

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