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Can Someone Teach Steve Rattner How CBO Does Its Projections?Dean Baker / December 11, 2013
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A Budget Deal That Does Nothing to Boost the EconomyDean Baker
CNN, December 11, 2013
Dean Baker / December 11, 2013
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Labor Market Policy Research Reports, November 23- December 6, 2013The following labor market policy research reports were recently released:
CEPR and / December 10, 2013
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Getting Banks to Spin Off Trading Desks Was the Point of the Volcker RuleDean Baker / December 10, 2013
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In Pushing Trials of Heart Device, Economists Would Argue Money Plays a RoleDean Baker / December 10, 2013
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David Brooks Leaves Out an Important Category In His Future EconomyDean Baker / December 10, 2013
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Charles Lane Is Confused About the Republican AgendaDean Baker / December 10, 2013
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Dozens of Families in Canaan Forcibly Evicted, More at RiskJake Johnston / December 09, 2013
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Nelson Mandela and Martin Luther King on Poverty MeasurementShawn Fremstad / December 09, 2013
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¿Se puede prevenir la guerra contra Irán?Mark Weisbrot
Últimas Noticias, 1 de diciembre 2013
The Hill, 5 de diciembre
Mark Weisbrot / December 09, 2013
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Post Uses Front Page News Story to Condemn Budget Deal That Doesn't Meet Its Deficit Cutting AgendaDean Baker / December 09, 2013
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Robert Samuelson Says We Should Seize Bill Gates' Software CopyrightsIn his column today he noted the need to seize Bill Gates property, telling readers:
"Copyrights were once thought to be legally and politically impregnable."
Okay, we know Robert Samuelson would never advocate policies that hurt the rich. He actually said "pension benefits were once thought to be legally and politically impregnable," as he celebrated pension cuts in Rhode Island and Illinois, along with the prospect of further cuts in Detroit and Chicago.
There is no doubt what is going on here, Samuelson tells us in his sentence:
"We are locked in a generational war, which will get worse before it gets better."
Samuelson is saying this in the context of a country that has seen the most massive upward redistribution of income in the history of the world over the last three decades, with the richest one percent of the population getting close to half of the income gains over this period. But Samuelson doesn't want people to pay attention to all the money going upwards, he wants them to focus on the money going to seniors, even when it means seizing their property.
The pensions, whose cuts Samuelson celebrates, are part of workers' pay. They already put in the time expecting that the government would follow through on its part of the deal. From a legal or ethical standpoint it is difficult to see a better argument for taking away workers' pensions than taking away Microsoft's claim to a copyright on Windows. Hey, it would be unfortunate, but if we're really broke, maybe the money going to Microsoft in licensing fees should be going instead to the government. After all, much of the system was developed with public funding anyhow.
The crassness of Samuelson's effort to pit young against old, while concealing the role of the rich, should be apparent to all readers. He gives us the usual story:
"The elderly’s interests are running roughshod over other national concerns. Social Security, Medicare and Medicaid — programs heavily for the retired — dominate the budget, accounting for about 44 percent of spending, and have been largely excluded from deficit-reduction measures."
Of course people paid for their Social Security and Medicare benefits. Social Security is a pension and insurance system run through the government. The elderly are entitled to these benefits in the same way that rich bondholders are entitled to millions of dollars of interest payments on their bonds. They paid for them.
Dean Baker / December 09, 2013
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Tip to NPR: News Outlets Would Not Call It a "Massive" Stimulus ProgramDean Baker / December 09, 2013
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The Technological Transformation in Thomas Friedman's MindDean Baker / December 08, 2013
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Latin America and the Caribbean
Cuba, on Behalf of ALBA Country Group, Blocks World Trade Organization TalksDeborah James / December 07, 2013
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WaPo Tells Readers They Should be Happy Because Growth Path Will Bring Us to Potential GDP in 2021!Dean Baker / December 07, 2013
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AIG and the City of ChicagoDean Baker
The Guardian, December 9, 2013
Dean Baker / December 07, 2013
report informe
Women Workers and UnionsJohn Schmitt / December 07, 2013