{"id":11747,"date":"2012-08-03T08:18:29","date_gmt":"2012-08-03T13:18:29","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=11747"},"modified":"2012-08-03T08:18:29","modified_gmt":"2012-08-03T13:18:29","slug":"obama-weighs-in-on-tax-cuts-reducing-deficit","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2012\/08\/03\/obama-weighs-in-on-tax-cuts-reducing-deficit\/","title":{"rendered":"Obama weighs in on tax cuts, reducing deficit"},"content":{"rendered":"<p>The Orlando Business Journal has the article <a title=\"Orlando Business Journal article\" href=\"http:\/\/www.bizjournals.com\/orlando\/morning_call\/2012\/08\/obama-weighs-in-on-tax-cuts-reducing.html\" target=\"_blank\"><strong>Obama weighs in on tax cuts, reducing deficit at Rollins College visit<\/strong><\/a> .<\/p>\n<blockquote><p>I\u2019m not going to pay for a massive tax cut for folks who don\u2019t need it by gutting the investments that have always kept us at the forefront and have always kept our middle class strong.\u201d<\/p><\/blockquote>\n<p>I like this way of stating the consequences of giving tax cuts to people who do not need them and who won&#8217;t put them to work stimulating the economy.\u00a0 It wouldn&#8217;t hurt to emphasize my second point.\u00a0 Besides the issue of fairness, it just would not be good for the economy to keep taxes low on the top 2% so that they can invest the money in non-productive financial derivatives.<\/p>\n<p>The bottom 98% will spend a larger fraction of their tax cut on consumption which will spur job growth to meet the demand of this increased consumption.\u00a0 To get an even larger fraction of the money into economic stimulus would require direct government spending.\u00a0 This better path to economic recovery has gone through such an onslaught of negative propaganda, that maybe the President thinks it would be too tough a sell in this election year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Orlando Business Journal has the article Obama weighs in on tax cuts, reducing deficit at Rollins College visit . I\u2019m not going to pay for a massive tax cut for folks who don\u2019t need it by gutting the investments that have always kept us at the forefront and have always kept our middle class [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":["post-11747","post","type-post","status-publish","format-standard","category-stevegsposts","czr-hentry"],"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/11747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=11747"}],"version-history":[{"count":2,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/11747\/revisions"}],"predecessor-version":[{"id":11749,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/11747\/revisions\/11749"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=11747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=11747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=11747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}