Now that the debt-ceiling debate is over, it's apparently time to focus on how much politicians should cut from Social Security, Medicare and Medicaid - at least that's what the New York Times and NPR would like us to believe. In a piece on Obama and the budget, the New York Times featured the opinion of a former senior adviser to Sen. McCain who wants to cut Social Security but (as Dean Baker pointed out in Beat the Press) not a single economist who will tell you the real problem with the economy: a lack of demand. NPR was a little more sneaky, explaining that the debt is actually $211 trillion, not $14 trillion! And it's Social Security, Medicare and Medicaid's fault! Before you panic, Dean debunks the methodology here

 survey banner

subscribe today!

Site Maintenance

"The CEPR website currently takes longer to load than usual. We hope to have this and other issues addressed shortly. While this much needed site maintenance is taking place, our content is still available so please continue to slooowwwly surf the pages of our site. Thank you for your patience."