"Deficit Fantasies in the Great Recession" The hysteria over deficits in the US is unjustified

[Better Believe It]

A Working Paper from the Roosevelt Institute: "Deficit Fantasies in the Great Recession“

Read Working Paper 7: “A World Upside Down? Deficit Fantasies in the Great Recession“

This working paper was written by Thomas Ferguson and Robert Johnson.

Thomas Ferguson is Senior Fellow of the Roosevelt Institute and Professor of Political Science at the University of Massachusetts, Boston. He is a member of the editorial boards of the" Journal of the Historical Society" and the" International Journal of Political
Economy. He also serves on the Advisory Board of the Institute for New Economic Thinking. He received his Ph.D. from Princeton University.

Robert Johnson is Senior Fellow and Director of the Project on Global Finance at the Roosevelt Institute. He serves on the United Nations Commission of Experts on Finance and International Monetary Reform. Dr. Johnson has served as chief economist of the U.S. Senate Banking Committee under the leadership of Chairman William Proxmire and was Senior Economist of the U.S. Senate Budget Committee under the leadership of Chairman Pete Domenici. He currently sits on the Board of Directors of the Economic Policy Institute and the Institute for America's Future. Dr. Johnson received his Ph.D. and M.A. in Economics from Princeton University
and a B.S. in both Electrical Engineering and Economics from the Massachustts Institute of Technology.

This paper demonstrates that the current hysteria over deficits in the US is unjustified. Markets for even long term US government debt are strong.

Read the working paper at the following link:

http://www.newdeal20.org/wp-content/uploads/2010/12/a-world-upside-down

[indepat]

1. Seems like some in government are eaten up with these "deficit fantasies" as an excuse to

eviscerate social security and Medicare. :shrug: :patriot: