Countdown: Dean Baker discusses austerity, and starving state and local governments

[Salvysahagun]

Not enough demand?

70% of USA GDP is consumption pleasw

[WilhelmDrake]

There is no analogy between a household (users of a currency) and the government (creator of currency).

[badsign1980]

so we wants to inflate the country with more cheap money... great... didnt knew the gov had lend the money to gold and others in 08 i thought the gov had give the money and given a bag of garbage mortgages, basically houses... usa was no industry capoacity pays from abroad and this guy saus american is producing

[Aiden057]

Dean Baker comments are right with regard to the hoodwinking of the issue performed by 60 Minutes. Thanks for posting the clip. One economist who goes into this with some clarity is Ha-Joon Chang. He has some talks on youtube and has written some very good books. I'd always recommend Robert Sheer's "Great American Stickup."

[FRSFreeStateES]

The Federal Government shouldn't have an indefinite Lending Program for State and Local Government's. Unless they pay into it like Financial Insurance that they can collect in tough times. America already has too much deficit and debt.

[jag10]

This guy is completely clueless.