The Budget Deficit Scare Story and the Great Recession

Dean Baker

CEPR Reports and Issue Briefs from Center for Economic and Policy Research (CEPR)

Abstract: The Great Recession has left tens of millions of families facing unemployment, underemployment and the threat of losing their home. However,concerns over the deficit threaten to derail efforts to turn around the economy and spur employment. This report attempts to correct many of the misperceptions about the deficit that have brought the issue to the center of national debate. In a time when cogent, effective policies are needed to address the suffering stemming from the economic downturn, the tactics of the deficit hawks distract the public and policy makers from the policies necessary to bring the economy back to full employment.

Keywords: budget deficit; deficit; healthcare; health care; fiscal responsibility; unemployment; deficit spending (search for similar items in EconPapers)
JEL-codes: E E6 E60 E61 E62 E63 E64 E65 E66 H H2 H5 H6 H60 H61 H62 H63 H68 I I1 I11 I18 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2010-02
New Economics Papers: this item is included in nep-mac and nep-pke
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:epo:papers:2010-04

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