1. The Dangers of Austerity in Europe and the U.S. Mark Weisbrot, Co-Director Center for Economic and Policy Research

2. Austerity & GDP Growth

8. Austerity & Jobs

13. Myth: The US is just a bystander in Europes austerity Truth: We have power at the IMF.

16. Unlike Greece, the U.S. debt crisis is manufactured Short term deficit is due to recession – revenues fall and spending increases – and weak recovery Long term deficit is due to health care spending (driven by private sector health care costs

17. Real crisis is 25 million unemployed, involuntarily working part-time, or dropped out of labor force U.S. needs further stimulus, job sharing, and other measures to get unemployment back to normal levels; health care reform to eliminate long term deficit