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Latin America and the Caribbean
La “diplomacia” de Estados Unidos sigue fracasando en América LatinaMark Weisbrot / April 12, 2011
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Currency Devaluation Is More Essential Than Entitlement ReformDean Baker / April 12, 2011
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Power Breakfast: Right Wing Drivel Early In the MorningDean Baker / April 12, 2011
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The Debate Over Privatizing Medicare: Can Anyone Say $20.5 Trillion?Dean Baker / April 12, 2011
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Right-to-Rent Would Ease Foreclosure MessWhile the rate of foreclosures may have finally peaked, it is not going to come down quickly. We are virtually certain to see at least a million foreclosures in 2011 and comparable numbers in 2012 and 2013. Many more homeowners will lose their homes through distressed sales.
This is a crisis for both the homeowners themselves and also for the communities where these foreclosures are concentrated. There is considerable research showing that foreclosed properties are a blight on neighborhoods, bringing down property values and creating eyesores and safety risks. For these reasons, there is a strong argument for taking measures to reduce the pace of foreclosures.
However, few would argue for yet another round of the federal Home Affordable Modification Program. HAMP has proven bureaucratic and ineffective. Only a small share of threatened homeowners have received permanent modifications and a large portion of this select group is expected to re-default.
I've said it before, and I'll say it again: There is a simple alternative that involves no government money and no new bureaucracy. We could temporarily change the rules on foreclosure to allow homeowners the right to stay in their home as renters for a substantial period of time (e.g., 5 years) following a foreclosure.
Dean Baker / April 11, 2011
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Paul Ryan in Your Pockets: Government by People Who Hate YouDean Baker
Truthout, April 11, 2011
Dean Baker / April 11, 2011
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Honest Economic Thinking Is More Important Than "New" Economic ThinkingDean Baker / April 11, 2011
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Robert Samuelson Underestimates Dependence on the GovernmentDean Baker / April 11, 2011
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Did Republican Proposals to End Medicare and Medicaid Put More Pressure on President Obama to Proposal Deficit ReductionDean Baker / April 11, 2011
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Problems of Reading Comprehension at Zero Hedge: No One Advocated DefaultDean Baker / April 10, 2011
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Fox on 15th (a.k.a "The Washington Post") Still Has Not Heard About the RecessionDean Baker / April 10, 2011
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400,000 Newly Unemployed Workers Celebrate Budget AgreementDean Baker / April 09, 2011
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The Washington Post is Worried that Japan Will Get Less CrowdedDean Baker / April 09, 2011
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The Washington Post (a.k.a. Fox on 15th) Has Not Heard About the RecessionDean Baker / April 09, 2011