Dean Baker

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Thursday, March 07, 2013
Has NPR Joined Peter Peterson's Crusade Against Social Security and Medicare?
The most striking feature of the U.S. economy over the last three decades has been the upward redistribution of income. The top 1.0 percent of households has managed to pocket the vast majority of gains over this period. That is a sharp contrast with the three decades immediately following World War II when the benefits of much more rapid growth were broadly shared.
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Tuesday, March 05, 2013
The Sequester Is President Obama's Fault
Now that we are counting up the days of the sequester instead of counting down, it would be a good time to cast blame. And my candidate is President Obama.
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Monday, February 25, 2013
Fix the Economy, Not the Deficit
It’s hard to be happy about the prospect of the sequester—the huge, automatics cuts to domestic spending set to take place if lawmakers can't reach a long-term budget deal—going into effect at the end of the week. Not only will it will mean substantial cuts to important programs; it will be a further drag on an already weak economy, shaving 0.6 percentage points off our growth rate.
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Saturday, February 16, 2013
Why Are Proponents of the Chained CPI So Scared of Data?
Like the global warming deniers, proponents of basing the Social Security cost-of-living adjustment (COLA) on a chained CPI are scared to death of data. They are all anxious to assert that the chained CPI is a more accurate measure of the cost of living and therefore it should provide the basis for the COLA. However, they have no research on which to base this assertion.
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Friday, February 08, 2013
The US Should Grow the Deficit, Not Shrink It
There is an astounding level of confusion surrounding the current US deficit. There are three irrefutable facts about the deficits:
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Wednesday, February 06, 2013
Corporate America: Saving the Twinkie but Not the Workers
No, I am not kidding. Steven Davidoff has a DealBook column touting the fact that Hostess Twinkies are likely to survive as a product, even though the company that makes them has gone bankrupt. The Twinkie brand, along with other iconic brands owned by the company, will be sold off in bankruptcy to other companies who expect to be able to profitably market them.
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Thursday, January 31, 2013
The Deficit Hawks: When Did They Stop Being Wrong About the Economy?
The news that the UK, with negative growth in the fourth quarter of 2012, faces the prospect of a triple-dip recession , should be the final blow to the
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Thursday, December 27, 2012
Washington Post Pushes Mayan End of the World Story on "Fiscal Cliff"
Yes, the Washington Post is getting very worried that it will have egg all over its face if January 1 comes with no budget deal and we don't get its promised recession.
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Wednesday, December 26, 2012
There Is No Santa Claus and Bill Clinton Was Not an Economic Savior
The truth is often painful but nonetheless it is important that we live in the real world. Just as little kids have to come to grips with the fact that there is no Santa Claus, it is necessary for millions of liberals, including many who think of themselves as highly knowledgeable about economic matters, to realize that President Clinton's policies sent the economy seriously off course.
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Tuesday, December 04, 2012
Wall Street Manipulates Deficit Angst with 'Fiscal Cliff' Fear
Many of the nation's most important news outlets openly embrace the agenda of the rich and powerful that colors its coverage of major economic issues. This is perhaps nowhere better demonstrated than during the current budget standoff between President Obama and Congress , which the media routinely describes as the " fiscal cliff ".
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