{"id":700495,"date":"2010-03-25T08:29:25","date_gmt":"2010-03-25T12:29:25","guid":{"rendered":"http:\/\/blogs.reuters.com\/james-pethokoukis\/?p=3550"},"modified":"2010-03-25T08:29:25","modified_gmt":"2010-03-25T12:29:25","slug":"the-risks-of-a-deficit-commission","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/700495","title":{"rendered":"The risks of a deficit commission"},"content":{"rendered":"<p>We now know the makeup of President Obama&#8217;s bipartisan <a href=\"http:\/\/thecaucus.blogs.nytimes.com\/2010\/03\/24\/pelosi-names-3-to-obamas-deficit-panel\/\">deficit commission<\/a>. There are 10 Ds and 8 Rs with 14 votes needed to approve a recommendation As I go down the membership list, I see a lot of folks who are likely believers in the new Washington Consensus &#8212; significant spending cuts won&#8217;t help so big tax hikes are necessary. Of course, study after study shows big tax hikes are a terrible way to bring deficits under control. They kill growth which makes balancing the budget even harder since revenues are deflated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We now know the makeup of President Obama&#8217;s bipartisan deficit commission. There are 10 Ds and 8 Rs with 14 votes needed to approve a recommendation As I go down the membership list, I see a lot of folks who are likely believers in the new Washington Consensus &#8212; significant spending cuts won&#8217;t help so [&hellip;]<\/p>\n","protected":false},"author":821,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-700495","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2Wej","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/700495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/821"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=700495"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/700495\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=700495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=700495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=700495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}