See Baker's article here. Conventional wisdom has been that baby-boomer retirement will reduce the ratio of workers to retirees, forcing workers to pay more to support the retires. It's currently 3:1, projected to go to 2:1 demographically. But Baker argues that the workers paying more to support ...
Baker's article favor's removing the regional bank presidents on the fed (5 of 12 voting members of the FOMC ae regional bank presidents) from have a ...
Baker, in his op-ed today, makes a credible case against the advent of a double dip recession occurring. His summary leaves only the ...
From Dean Baker --- easily understood and compelling reasoning to keep Social Security fully solvent through end of century at least.
Baker emphasizes the lack of internal consistancy of the down-grade and points to the lack of economic foundation for it. He implies, but doesn't actually state what I did --- i.e. the downgrade is based on politics, not economics. He's more direct and succinct than I was in my post
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Dean Baker's blog today makes a good point about the probability of a double - dip recession occurring. He says it's not likely... barely. His reason is that recessions have been caused by losses in housing market or automobile production, and both of these are already mired so far down that further drop ...
Basically, he says there's no good reason for Obama and Democrats to negotiate reductions in spending on social programs in return for GOP votes to raise the debt ceiling. Why no good reason? Because if it came right down to the wire Wall Street is the one that would suffer the most in the long term if the US defaulted ...
Dean Baker's article describes the lack of deficit hawks to reconcile their reasoning for reducing the deficit with the facts and economic ...
You've probably seen this (2 days ago), but Dean Baker blasts Greenspan like no other
http://www.cepr.net/index.php/op-eds-&-columns/ ...
http://www.cepr.net/index.php/
Altthough I enjoy DB's economic insights and agree with 95% of what he writes, in this article his ...
Dean Baker's article explains well why Social Security isn't one of the deficit problems. He shows how the deficit hawks have used slight of hand to make it appear that social security is a significant part of the problem in order to obtain benefit reductions or other means (partial privitization, etc) to reduce gov't expenditures ...