What’s Different About Today’s Government Deficit and Debt?
As of today, the U.S. government’s current deficit and debt are indeed currently at unprecedented levels for peacetime—once we account for them appropriately.
1 min read
Dean Baker was on C-Span 2 this weekend; you can view the segment online, here. Hat-tip to Joel H. Here's what the C-Span website said:
Plunder and Blunder:The Rise and Fall of the Bubble Economy
Author: Dean Baker
About the Program
Mr. Baker discusses the growth and "predictable" collapse of the housing and stock market bubbles and is critical of both the Reagan and Clinton administrations. He details the mistakes of Alan Greenspan and Clinton Treasury Secretary Robert Rubin. He offers suggestions for preventing additional financial crises and advocates massive government spending to combat the recession.
About the Author
Dean Baker is co-director of the Center for Economic and Policy Research in Washington, DC. He is a frequent guest on National Public Radio, Marketplace, CNN, CNBC and other news programs. Mr. Baker has authored several books, including "The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer" and "The United States Since 1980." He received his Ph.D in economics from the University of Michigan.