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Financial Engineering: The Simple Way to Reduce Government Debt Burdens

Baker, Dean; Diagne, Sheva - Center for Economic and Policy Research (CEPR) - 2013

Despite being thoroughly debunked, concern over high government debt-to-GDP ratios has hardly disappeared from policy … debates. As such, an overlooked possibility for reducing a high debt burden is simply buying back bonds at a discount when … hypothetical buyback of government debt in 2017. Long-term bonds that are issued at low interest rates will sell at substantial …

Persistent link: https://www.econbiz.de/10010681104

The Budget Deficit Scare Story and the Great Recession

Baker, Dean - Center for Economic and Policy Research (CEPR) - 2010

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...

Persistent link: https://www.econbiz.de/10008563396

Taming the Deficit: Saving Our Children from Themselves

Baker, Dean; Rosnick, David - Center for Economic and Policy Research (CEPR) - 2009

Many proponents of conservative fiscal policies talk of the budget deficit as being a matter of intergenerational equality. However, this paper shows the younger generations (and those yet to be born) will contribute more to the deficit than older generations. This analysis uses data from the...

Persistent link: https://www.econbiz.de/10008545824

The Ryan Medicare Plan: Winners and Losers

Baker, Dean; Rosnick, David - Center for Economic and Policy Research (CEPR) - 2011

Representative Paul Ryan's proposed 2012 budget has been lauded as a path to prosperity, with much attetion given to his overhaul of the medicare system. Using data from the CBO analysis of the Ryan plan, this issue brief demonstrates that any savings to the government under the revamped...

Persistent link: https://www.econbiz.de/10008921765

Representative Ryan’s $30 Trillion Medicare Waste Tax

Rosnick, David; Baker, Dean - Center for Economic and Policy Research (CEPR) - 2011

Representative Ryan’s proposal to replace the current Medicare systemwith a system of vouchers or premium supports has been widely described as shifting costs from the government to beneficiaries. However, the size of this shift is actually small relative to the projected increase in costs...

Persistent link: https://www.econbiz.de/10009003122

The Myth of Expansionary Fiscal Austerity

Baker, Dean - Center for Economic and Policy Research (CEPR) - 2010

Recently governments, economists, and international financial institutions have been debating the merits of further fiscal stimulus to combat the Great Recession versus fiscal austerity or “adjustment” – that is, higher taxes and/or lower government spending – to combat budget deficits....

Persistent link: https://www.econbiz.de/10008671782

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

Baker, Dean - Center for Economic and Policy Research (CEPR) - 2010

deficit and national debt. This discussion is unfortunate both because there is no reason for people to be concerned about the …

Persistent link: https://www.econbiz.de/10008678193

Attacking the Treasury View, Again

Baker, Dean - Center for Economic and Policy Research (CEPR) - 2012

This paper considers the case for and against 'the treasury view' - the idea that in a downturn, government spending has no effect on economic activity or unemployment. The report covers three areas: the evidence for expansionary fiscal contraction – the idea that somehow cutting budget...

Persistent link: https://www.econbiz.de/10010555108

The $1 Trillion Wage Deficit

Baker, Dean; Schmitt, John - Center for Economic and Policy Research (CEPR) - 2009

The strong rise in the U.S. stock market since the spring and the return to positive economic growth in the third quarter of this year have created a consensus among economists that the Great Recession is very likely over. Unfortunately, the end of the official recession will have little visible...

Persistent link: https://www.econbiz.de/10008545825

The Housing Crash Recession and the Case for a Third Stimulus

Baker, Dean - Center for Economic and Policy Research (CEPR) - 2009

This paper makes the case for a third stimulus package to in the face of economic indicators signaling that the economy is in a deeper downturn than was expected based on previous projections. Specifically, the report calls for an employer tax-credit for extending health care coverage and...

Persistent link: https://www.econbiz.de/10004999571