"People Have Lost Confidence in the Confidence Fairy"

CEPR Co-Director Mark Weisbrot discussed economic policy failure in Europe in the wake of the French and Greek elections, on The Diane Rehm Show, Tuesday May 8. Co-Director Dean Baker, meanwhile, writes that Greece should consider exiting the euro in a new column in The Guardian (UK).

New Calculator Shows Long-Run Deficit is Entirely Due to Health Care Costs

The debate over budget and economic policy is overwhelmingly focused on deficits and debt. However, the projections of explosive long-term deficits are entirely dependent on projections of exploding health care costs. The newly updated CEPR Health Care Budget Deficit Calculator shows what our long term budget deficits would look like if we did not pay as much for healthcare.