Feel No Pain: Why a Deficit in Times of High Unemployment is Not a Burden

Dean Baker

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

Abstract: With the economy suffering from near double-digit unemployment, public debate is dominated by concerns over the budget deficit and national debt. This discussion is unfortunate both because there is no reason for people to be concerned about the deficit at present, and more importantly, because it discourages action on the unemployment crisis that is devastating the country.

Keywords: budget deficit; deficit; fiscal responsibility; unemployment 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 (search for similar items in EconPapers)
Pages: 6 pages
Date: 2010-09
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:2010-22

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