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NPR Promotes Fear on Budget Standoff

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Wednesday, 19 December 2012 05:38

The top of the hour news segment on Morning Edition told listeners that forecasters have predicted that failing to meet the December 31st cutoff on budget negotiations would throw the economy back into recession (sorry, no link). This is not true. The projections for a recession assume that there is no deal on taxes and spending throughout 2013. They did not predict what would happen if it takes a few days or weeks in 2013 to come to an agreement that reversed most of the tax increases and spending cuts that go into effect at the end of the year. 

This is a simple and important distinction. It is incredible that NPR could not find news writers who could get it right.

Comments (3)Add Comment
Yes, but
written by kishin, December 19, 2012 10:32
This is true, but another problem is the ending of unemployment insurance. This won't hurt the economy as a whole, but immediately will hurt those who rely on it, some of the neediest among us.
Cutting entitlements
written by Steve Lightner, December 19, 2012 11:09
One other thing you may have missed. Eduardo Porter wrote an article in the NYT about the role of government, but he falsely said the debate was between cutting entitlements or raising taxes. I can not understand how we have change the debate from cutting the cost of entitlements to cutting entitlements. Words are important. See http://www.onthecontrary.us/20...e-big-lie/
speaking of public broadcasting..
written by jerry, December 19, 2012 12:57
You see Rogoff on Charlie Rose last night? How is it possible for someone with his credentials to get it so wrong?

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.

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