{"id":26045,"date":"2018-10-12T10:50:25","date_gmt":"2018-10-12T14:50:25","guid":{"rendered":"https:\/\/ssgreenberg.name\/PoliticsBlog\/?p=26045"},"modified":"2018-10-12T10:50:51","modified_gmt":"2018-10-12T14:50:51","slug":"how-we-think-about-the-deficit-is-mostly-wrong","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2018\/10\/12\/how-we-think-about-the-deficit-is-mostly-wrong\/","title":{"rendered":"How We Think About the Deficit Is Mostly Wrong"},"content":{"rendered":"<p><em>The Dreaded New York Times <\/em>has the Stephanie Kelton Op-Ed <a href=\"https:\/\/www.nytimes.com\/2017\/10\/05\/opinion\/deficit-tax-cuts-trump.html\" rel=\"noopener\" target=\"_blank\">How We Think About the Deficit Is Mostly Wrong<\/a>.<\/p>\n<blockquote><p>\nAre the proposed tax cuts a huge giveaway to the rich? Most definitely. Will they, as advertised, create a booming economy with benefits that trickle down to everyone else? I don\u2019t think so. Mr. Trump\u2019s plan will widen the country\u2019s already dangerous wealth and income gaps, and because the gains go mostly to those at the very top, the tax cuts won\u2019t do much to promote broad-based consumer spending or overall job growth.<\/p>\n<p>That\u2019s enough to reject the plan. But it would be unwise to oppose tax cuts, or any other federal legislation, simply because they add to the deficit.\n<\/p><\/blockquote>\n<p>I couldn&#8217;t count the number of times I have said that using a faulty argument in support of a good cause is a huge mistake.  In this Op-Ed, Stephanie Kelton offers another explanation of why you shouldn&#8217;t do it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dreaded New York Times has the Stephanie Kelton Op-Ed How We Think About the Deficit Is Mostly Wrong. Are the proposed tax cuts a huge giveaway to the rich? Most definitely. Will they, as advertised, create a booming economy with benefits that trickle down to everyone else? I don\u2019t think so. Mr. Trump\u2019s plan [&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":{"0":"post-26045","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/26045","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=26045"}],"version-history":[{"count":2,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/26045\/revisions"}],"predecessor-version":[{"id":26047,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/26045\/revisions\/26047"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=26045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=26045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=26045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}