{"id":842,"date":"2003-10-17T11:09:26","date_gmt":"2003-10-17T18:09:26","guid":{"rendered":"http:\/\/www.edgewiseblog.com\/mjh\/uncategorized\/a-form-of-looting\/"},"modified":"2003-10-17T11:09:26","modified_gmt":"2003-10-17T18:09:26","slug":"a-form-of-looting","status":"publish","type":"post","link":"https:\/\/www.edgewiseblog.com\/mjh\/nada\/dump-duhbya\/a-form-of-looting\/","title":{"rendered":"a form of looting"},"content":{"rendered":"

The Sweet Spot<\/a> By PAUL KRUGMAN<\/p>\n

”What we have here is a form of looting<\/i>.” So says George Akerlof, a Nobel laureate in economics, of the Bush administration’s budget policies — and he’s right. With startling speed, we’ve blown right through the usual concerns about budget deficits — about their effects on interest rates and economic growth — and into a range where the very solvency of the federal government is at stake<\/b>. Almost every expert not on the administration’s payroll now sees budget deficits equal to about a quarter of government spending for the next decade, and getting worse after that. <\/p>\n

Yet the administration insists that there’s no problem<\/b>, that economic growth will solve everything painlessly.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Sweet Spot By PAUL KRUGMAN ”What we have here is a form of looting.” So says George Akerlof, a Nobel laureate in economics, of the Bush administration’s budget policies — and he’s right. With startling speed, we’ve blown right through the usual concerns about budget deficits — about their effects on interest rates and … Continue reading a form of looting<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-842","post","type-post","status-publish","format-standard","hentry","category-dump-duhbya"],"_links":{"self":[{"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/posts\/842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/comments?post=842"}],"version-history":[{"count":0,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/posts\/842\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/media?parent=842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/categories?post=842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/tags?post=842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}