Dean Baker: The Deficit Is the Wrong Problem - Truthout.org

[JohnWxy]

http://www.truth-out.org/dean-baker-the-deficit-wrong-problem65178

Share Dean Baker: The Deficit Is the Wrong Problem
Tuesday 16 November 2010



“It's the wrong answer to not a problem," says Dean Baker of the report out last week from the leaders of Obama's deficit commission, Erskine Bowles and Alan Simpson. The report, which recommends massive cuts across the budget, most significantly to Social Security and health care programs, has been roundly criticized by progressives for its targeting, but Dean notes that the biggest problem with it is that without the health care crisis we still have, we wouldn't have deficits in the first place.