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Why Do "Free Traders" Never Talk About Free Trade When the Losers Are Likely to Be People Like Them?Dean Baker / February 19, 2011
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The Washington Post, Whose Parent Company Operates Kaplan For-Profit Schools, Uses the Industry's Line In a News StoryDean Baker / February 19, 2011
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Go After Wall Street, Not the TeachersNow we have a situation where the villains are sitting on their hundreds of millions of dollars, while tough guys like Gov. Walker are beating up school teachers to take away their $2,000-a-month pension. And, the best part of the story is the Walkers are being heralded as statesmen for their efforts.
This situation speaks to the incredible corruption of U.S. politics. There have been numerous studies done by serious economists that all show the same thing, public-sector employees are not paid on average more than their private-sector counterparts.
Dean Baker / February 18, 2011
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Common Ground with Republicans: Nix NSF Funding for EconomicsDean Baker / February 18, 2011
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Why Does it Take a Jump in Unemployment Claims the Following Week for Reporters to Recognize the Impact of Weather the Prior Week?Dean Baker / February 18, 2011
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Why Carried Interest Should Not Be Taxed at the Capital Gains RateEileen Appelbaum / February 17, 2011
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Letter to Senator Mark Warner on Social Security CommentsDear Senator Warner:
During an interview on NPR's Morning Edition today you stated that the retirement age for Social Security was set at 65 by President Roosevelt when the average life expectancy was 64 and that now we are living much longer. The implication of this comment was that the retirement age must be raised to better reflect life expectancy.
As can be seen from the Social Security Trustees’ Report, the normal retirement age for Social Security has already been raised to 66 and is already scheduled to rise to 67. Raising the retirement age further would amount to a cut in benefits with each successive increase in the retirement age. If the normal age of retirement is phased in to reach 70 by 2036, it would result in a 4.0 percent reduction in benefits for workers between the ages of 50-54 in 2007 and a 10 percent reduction for workers between the ages of 40-44 in 2007.
Dean Baker / February 17, 2011
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January CPI Data Shows Little Evidence of InflationDavid Rosnick / February 17, 2011
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Effect of Seasonal Adjustment Revisions on Core Finished Goods Prices, Dec 2009 – Jan 2011CEPR / February 17, 2011
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Latest CPI Shows Little Evidence of InflationDavid Rosnick / February 17, 2011
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There Is a Way to Measure the Money Available for Private Sector InvestmentDean Baker / February 17, 2011
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Senator Mark Warner Does Not Know that the Normal Retirement Age for Social Security Has Been RaisedDean Baker / February 17, 2011
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Why Should Taxpayer Dollars Go to National Public Radio?Dean Baker / February 17, 2011
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Is New Jersey Gov. Chris Christie Presidential Material?POLITICO's blog, The Arena, recently asked: In a Wednesday afternoon speech at the American Enterprise Institute in Washington D.C., New Jersey Gov. Chris Christie called for raising the retirement age on Social Security. His willingness to tackle politically delicate entitlement programs follows his approach in New Jersey of taking on teachers’ unions and other groups.
Can Christie portray himself as a teller of difficult truths and become a credible White House candidate in 2012 or 2016? Or will his YouTube-friendly shtick soon wear thin and render him largely irrelevant in Democratic-leaning New Jersey?He would discover that the program can pay 100 percent of all scheduled benefits through the year 2037 and nearly 80 percent of scheduled benefits after this date for the indefinite future. After 2037 retirees would always get a larger benefit than current retirees even if Congress never does anything.
Dean Baker / February 16, 2011
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The Washington Post Tells Readers that Workers Will be Much Less Prepared for Retirement in the FutureDean Baker / February 16, 2011
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The Republican Leadership Commits Huge Gaffe and NPR Doesn't NoticeDean Baker / February 16, 2011