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There Is a Way to Measure the Money Available for Private Sector InvestmentDean Baker / February 17, 2011
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Senator Mark Warner Does Not Know that the Normal Retirement Age for Social Security Has Been RaisedDean Baker / February 17, 2011
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Why Should Taxpayer Dollars Go to National Public Radio?Dean Baker / February 17, 2011
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Is New Jersey Gov. Chris Christie Presidential Material?POLITICO's blog, The Arena, recently asked: In a Wednesday afternoon speech at the American Enterprise Institute in Washington D.C., New Jersey Gov. Chris Christie called for raising the retirement age on Social Security. His willingness to tackle politically delicate entitlement programs follows his approach in New Jersey of taking on teachers’ unions and other groups.
Can Christie portray himself as a teller of difficult truths and become a credible White House candidate in 2012 or 2016? Or will his YouTube-friendly shtick soon wear thin and render him largely irrelevant in Democratic-leaning New Jersey?He would discover that the program can pay 100 percent of all scheduled benefits through the year 2037 and nearly 80 percent of scheduled benefits after this date for the indefinite future. After 2037 retirees would always get a larger benefit than current retirees even if Congress never does anything.
Dean Baker / February 16, 2011
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The Washington Post Tells Readers that Workers Will be Much Less Prepared for Retirement in the FutureDean Baker / February 16, 2011
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The Republican Leadership Commits Huge Gaffe and NPR Doesn't NoticeDean Baker / February 16, 2011
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Brookings’ “Heckuva Job, Brownie” Moment: Greenspan’s Keynote AddressDean Baker / February 15, 2011
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In Haiti, Controversy over Election Continues; In U.S., Media Goes SilentCEPR / February 15, 2011
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President Obama Proposes a Bank Fee Equal to 20 Percent of Goldman's Annual Bonus PoolDean Baker / February 15, 2011
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David Brooks Shows That You Can Just Say Anything in the NYTDean Baker / February 15, 2011
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The New York Times Thinks It is A Problem That Retirees Spend Down Their Savings: Yet More Nonsense on Social SecurityDean Baker / February 15, 2011
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Hundreds of Thousands of IDP’s Likely to Still Be in Camps by 2012CEPR / February 14, 2011
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Is Obama's Budget a Deficit Enabler?Do people who write on the budget have any understanding of the topic? The answer seems to be "no," since we have an obsession with the size of the budget deficit when the economy has 9.0 percent unemployment.
If budget reporters understood their topic, then they would be asking politicians like President Obama and the Republican congressional leaders why they are not doing more to create jobs. The reason that we have 9.0 percent unemployment is that private sector demand plummeted in the wake of the collapse of the housing bubble. In the short-term, the only way this demand can be replaced is by increased demand from the government.
This is why reporters should be pressing politicians as to why they are not supporting larger deficits in order to get people back to work. Tens of millions of workers are suffering from unemployment or under-employment not because they lack the skills or desire to work, but because people like Alan Greenspan and Ben Bernanke failed disastrously in their roles as managers of the economy. This amount of needless suffering should be unacceptable in the United States.
Dean Baker / February 14, 2011
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The President as Storyteller-in-ChiefDean Baker / February 14, 2011
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The Origins and Severity of the Public Pension CrisisDean Baker / February 14, 2011