Saturday , November 16 2024
Home / Video / GRITtv: Dean Baker: The Deficit is the Wrong Problem

GRITtv: Dean Baker: The Deficit is the Wrong Problem

Summary:
“It’s the wrong answer to not a problem,” says Dean Baker of the report out last week from the leaders of Obama’s deficit commission, Erskine Bowles and Alan Simpson. The report, which recommends massive cuts across the budget, most significantly to Social Security and health care programs, has been roundly criticized by progressives for its ...

Topics:
Dean Baker considers the following as important:

This could be interesting, too:

Mike Norman writes Class

Mike Norman writes Episode 8 (S2) of the Smith Family Manga is now available — Bill Mitchell

Michael Hudson writes Beyond Surface Economics: The Case for Structural Reform

Nick Falvo writes Homelessness planning during COVID











“It’s the wrong answer to not a problem,” says Dean Baker of the report out last week from the leaders of Obama’s deficit commission, Erskine Bowles and Alan Simpson. The report, which recommends massive cuts across the budget, most significantly to Social Security and health care programs, has been roundly criticized by progressives for its targeting, but Dean notes that the biggest problem with it is that without the health care crisis we still have, we wouldn’t have deficits in the first place.



He joins us via Skype from Washington, D.C. to talk about the commission, the latest action by the Fed, and what can really be done to balance the budget–and why we should be much more focused on creating jobs and really reforming health care than on slashing programs that benefit us all. Distributed by Tubemogul.



Dean Baker
Dean Baker is a macroeconomist and codirector of the Center for Economic and Policy Research in Washington, DC. He previously worked as a senior economist at the Economic Policy Institute and an assistant professor at Bucknell University. He is a regular Truthout columnist and a member of Truthout's Board of Advisers.

Leave a Reply

Your email address will not be published. Required fields are marked *