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Deficits and Spending

The organization AmericaSpeaks in June hosted 19 simultaneous meetings in cities across the country asking people to come up with proposals for dealing with the country's projected long-term budget deficits.

CEPR's analyses of the discussion materials for the meetings show that they were aimed at persuading participants to opt for big cuts to Social Security and Medicare:

* AmericaSpeaks' Misguided Federal Budget 101
* AmericaSpeaks: What Is Not on the Program

America Speaks Back: The Effort to Gut Social Security and Medicare Takes a Hit
But it seems that events didn't quite go as planned. The participants rose up in revolt. They demanded the option to vote on a single-payer type health care system and also voted overwhelmingly for defense cuts and progressive tax options.

The CEPR Deficit Calculator
This interactive calculator allows users to pick various items, including many of the progressive options not offered at the AmericaSpeaks meetings, and see how they'll shrink (or grow) the national debt in 2020.

America Speaks Without Knowing
A CEPR poll conducted after the 6.5-hour discussion found that while participants were well-informed on the problem of health care, they didn't fare so well on topics such as Social Security or the budget deficit.

AmericaSpeaks' town meetings' were largely funded by the billionaire Pete Peterson, who also supported the film IOUSA:

* IOUSA Not OK: An Analysis of the Deficit Disaster Story in the Film IOUSA The movie IOUSA portrays a picture of the United States as a country hopelessly addicted to debt, which is one-sided and misleading. This analysis features a minute-by-minute viewer's guide of inaccurate or misleading statements in the film.

* IOUSA Budget Deficit Calculator The film IOUSA fails to explain that deficits are driven almost entirely by projections of exploding private sector health care costs. This interactive calculator allows users to see what the U.S. budget deficit would be if the U.S. had the same per person health care costs as various other countries.

* Discussion of the Film: A video of Dean Baker's discussion with Diane Rogers, Chief Economist of the Concord Coalition, after a screening at Bus Boys & Poets in D.C. on November 23, 2008.

Reports

Debt, Deficits, and Demographics: Why We Can Afford the Social Contract

November 2012, Dean Baker

Attacking the Treasury View, Again

June 2012, Dean Baker

The Impact on Inequality of Raising the Social Security Retirement Age

April 2012, David Rosnick and Dean Baker

The Relationship Between Financial Transactions Costs and Economic Growth

March 2012, Dean Baker and Helene Jorgensen

The Necessity of a Lower Dollar and the Route There

February 2012, Dean Baker

More >

Blogs

CEPR News, March 2013

Contra the Crowd-Out Thesis: Countries that Spent More on Seniors Also Spend More on Children

Let’s Not Make a Deal

Labor Market Policy Research Reports, February 2 – 8, 2013

CEPR News January 2013

More >

Op-Eds & Columns

March Jobs Report Will End Talk of an Accelerating Recovery

Dean Baker
Politix, April 5, 2013

The Attack on Social Security and Disability: Profiting From Mistakes

Dean Baker
The Exchange (Yahoo! Finance), April 4, 2013

Profit Shares Hit New Highs, Washington Focuses on Disability

Dean Baker
Truthout, April 1, 2013

Reducing Unemployment: Lessons from Germany

Dean Baker
Al Jazeera English, April 1, 2013

Senate Unanimously Votes Against Cuts to Social Security: Media Don’t Notice

Dean Baker
Truthout, March 25, 2013

More >

Events

The Safety Net, Sequestration and Austerity Politics

Cost-of-Living Adjustments and Federal Benefits: Understanding the Full Implications of Change

The Future of Social Security with Dean Baker

The Fiscal Cliff: New Heights of Sensationalism

Threats to Medicare: The Election and the Lame Duck Congress

Tax Equity: Paying Fair

Need or Greed: Who's Responsible for the Global Economic Collapse?

Rebuilding the Middle Class

Looking Ahead: State Leaders, National Experts Separate Fact From Fiction on Public Pensions

The Occupied Super Committee Hearing of the 99%

More >

Testimony

No Need to Talk About Taking an Ax to Safety Net for the Poor
December 16, 2010, Dean Baker's Comments at Brookings Institution Forum

Other Resources

Recession 2.0?
CNN, June 12, 2010

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