Feel No Pain: Why a Deficit in Times of High Unemployment is Not a Burden
September 2010, Dean Baker
With the economy suffering from near double-digit unemployment, public debate is dominated by concerns over the budget deficit and national debt. This discussion is unfortunate both because there is no reason for people to be concerned about the deficit at present, and more importantly, because it discourages action on the unemployment crisis that is devastating the country.
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The CEPR Recession Waste Clock