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Feel No Pain: Why a Deficit in Times of High Unemployment is Not a Burden
Publication Date: September 2010
Publisher(s): Center for Economic and Policy Research
Author(s): Dean Baker
Series:
Topic: Economics (Economic policy, planning, and development)
Labor (Employment and labor supply)
Keywords: budget deficit; policy; unemployment; recession
Type: Brief
Coverage: United States
Abstract:
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.