Donate Today!

FOR IMMEDIATE RELEASE
November 30, 2010
7:41 PM

CONTACT: CEPR

Alan Barber, (571) 306-2526

Report Warns Austerity Will Block Recovery, Risk Recession

Members of “Citizens’ Commission on Jobs, Deficits and America’s Economic Future” Demand Equal Media Coverage for Middle Class Economic Agenda, Growth Strategy for Deficits

WASHINGTON - November 30 - A new report from the Citizens’ Commission on Jobs, Deficits and America’s Economic Future demonstrates that the White House deficit commission proposals are “fundamentally misguided” and take the economic debate in the dangerous direction of austerity. The group of well-known experts and leaders of civic organizations released their own “Report and Recommendations of the Citizens’ Commission on Jobs, Deficits and America’s Economic Future,” on Tuesday, November 30.

The report, written by Jeff Madrick, a member of the commission and Senior Fellow at the Roosevelt Institute, with contributions from Dean Baker of the Center for Economic and Policy Research, Roger Hickey, Robert Borosage and Richard Eskow of the Institute for America’s Future, Robert Kuttner of The American Prospect and Demos, and Robert Pollin of the Political Economy Research Institute, and additional work by other members of the commission.

The 36-page report contains a plan to maintain investments needed to speed up economic growth and produce jobs while lowering the federal deficit to a sustainable level in the long term. The report and links to related materials are posted at ourfuture.org/citizenscommission.

The release of the paper coincides with the announcement of a nationwide campaign to oppose the job-killing, middle-class-devastating austerity measures proposed by Republicans in Congress, President Obama's deficit commission co-chairs, and perennial deficit hawks such as Peter G. Peterson, and some Democrats.

###

The Center for Economic and Policy Research (CEPR) was established in 1999 to promote democratic debate on the most important economic and social issues that affect people's lives. In order for citizens to effectively exercise their voices in a democracy, they should be informed about the problems and choices that they face. CEPR is committed to presenting issues in an accurate and understandable manner, so that the public is better prepared to choose among the various policy options.



Comments

Note: Disqus 2012 is best viewed on an up to date browser. Click here for information. Instructions for how to sign up to comment can be viewed here. Our Comment Policy can be viewed here. Please follow the guidelines. Note to Readers: Spam Filter May Capture Legitimate Comments...