Home > Uncategorized > Dean Baker – Deficit Commission Co-Chairs Ignore Economic Reality

Dean Baker – Deficit Commission Co-Chairs Ignore Economic Reality

From Truthout:

Dean Baker | Deficit Commission Co-Chairs Ignore Economic Reality
Dean Baker, The Center for Economic and Policy Research: “Senator Alan Simpson and Erskine Bowles appeared to have largely ignored economic reality in developing the proposals they presented to the public today. The country is suffering from 9.6 percent unemployment with more than 25 million people unemployed, underemployed or who have given up looking for work altogether. Tens of millions of people are underwater in their mortgage and millions face the prospect of losing their home to foreclosure.”

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