Political Revolution

Robert Reich Debunks Republican Deficit Hawks (Video)

Former Secretary of Labor Robert Reich has a new economics teaching video. As Congress begins to devise a new budget, Reich targets the myths of austerity – so that you won’t be fooled by political rhetoric.

Austerity 101

3 Deficit Spending Principles You Need to Know

  1. Deficits are meaningless, except as % of GDP.
  2. Deficit spending grows economy when unemployment and underemployment are high.
  3. Investment spending – like education and infrastructure – is good if return exceeds investment.

About the author

JoAnn Chateau

JoAnn Chateau likes progressive politics and loves the canines. She sometimes writes fiction about Chester (the Alpha Bichon) and his friends -- with a dash of humor and dab of Poli-Sci. JoAnn's views and insights are tinted by her past profession in Counseling, Christian theological studies, and Library and Information Science training. Retired now, JoAnn enjoys the creative life.

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