Comments for NPR Sets Straight All Those Silly People Who Thought Unemployment Was the Country's Biggest Problem at http://www.cepr.net , comment 1 to 5 out of 5 comments http://www.cepr.net Wed, 22 May 2013 21:52:01 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/npr-sets-straight-all-those-silly-people-who-thought-unemployment-was-the-countrys-biggest-problem#comment-19788 "Noone Could Have Predicted..." should be the official motto of the world's ruling elites. - jas Tue, 23 Oct 2012 19:05:09 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/npr-sets-straight-all-those-silly-people-who-thought-unemployment-was-the-countrys-biggest-problem#comment-19781 Headline from today's NYT: "Despite Push for Austerity, European Debt Has Soared" Who'd have guessed? - kharris Tue, 23 Oct 2012 05:21:07 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/npr-sets-straight-all-those-silly-people-who-thought-unemployment-was-the-countrys-biggest-problem#comment-19780 Deficits are usually higher than projected, especially when the projection is made during an up-cycle. In effect lawmakers and Presidents do not take proper account of the cyclic nature of the economy. Since little has been done in the form of regulation to prevent cycles - specifically there have been almost no curbs on excessive speculative leverage - cycles will continue. Since tax rates are in principle based on revenue and expenditure projections, this means that those rates are almost always too low, except during major bubbles themselves (and deficits were still being run during the housing bubble). The reason for chronic deficits which increase debt/GDP is not recessions, which any sane economist should know will occur, it is failure to maintain realistic tax rates. - skeptonomist Tue, 23 Oct 2012 04:11:33 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/npr-sets-straight-all-those-silly-people-who-thought-unemployment-was-the-countrys-biggest-problem#comment-19760 npr always seems to be on the wrong side of most issues. they seem to like the romney plan, whatever the heck it is. it sounds like he will increase the defense budget, cut ss & medicare, drill everywhere for oil no matter how it affects the environoment, & cut taxes for the wealthy. he will increase funding for prisons, but not education. how could any thinking person believe the deficit is america's no. 1 problem? the corruption of america's corporate, political & media leaders knows no bounds. - mel in oregon Mon, 22 Oct 2012 13:53:51 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/npr-sets-straight-all-those-silly-people-who-thought-unemployment-was-the-countrys-biggest-problem#comment-19758 Brilliant response! - fuller schmidt Mon, 22 Oct 2012 11:41:58 +0100