{"id":2148,"date":"2010-12-08T17:23:32","date_gmt":"2010-12-08T21:23:32","guid":{"rendered":"https:\/\/www.urbin.net\/blog\/?p=2148"},"modified":"2010-12-08T17:23:32","modified_gmt":"2010-12-08T21:23:32","slug":"quote-of-the-day-29","status":"publish","type":"post","link":"https:\/\/urbin.net\/blog\/economy\/quote-of-the-day-29\/","title":{"rendered":"Quote of the Day"},"content":{"rendered":"<p><a href=\"http:\/\/nomosshere.tumblr.com\/post\/2146215184\/keyneswasdrunk-i-kinda-like-anthony-weiner-for\">This one comes from<\/a> <a href=\"http:\/\/keyneswasdrunk.tumblr.com\/\">the economics blogger keyneswasdrunk<\/a>:<\/p>\n<blockquote><p>Tax cuts, can never add to the deficit. Tax cuts subtract from government revenue. Spending adds to the deficit. It\u2019s very simple and why some people can\u2019t grasp that I have no idea. The Federal Budget is called a \u201cbudget\u201d for a reason.<\/p><\/blockquote>\n<p>He goes on further explain this simple truth:<\/p>\n<blockquote><p>It is theoretically possible  for the US government too Tax every last cent out of it\u2019s citizens and still run a deficit. But it\u2019s not possible to run a deficit with zero spending no matter what the tax levels are. Deficits are a function of spending too much, not taxing too little.<\/p><\/blockquote>\n<p><a href=\"http:\/\/en.wikipedia.org\/wiki\/It's_the_economy,_stupid\">To channel democrat strategist James Carville<\/a>, <a href=\"http:\/\/online.wsj.com\/article\/SB124407228244683091.html\">&#8220;It&#8217;s the spending, stupid.&#8221;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This one comes from the economics blogger keyneswasdrunk: Tax cuts, can never add to the deficit. Tax cuts subtract from government revenue. Spending adds to the deficit. It\u2019s very simple and why some people can\u2019t grasp that I have no idea. The Federal Budget is called a \u201cbudget\u201d for a reason. He goes on further [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6,19],"tags":[294,621],"class_list":["post-2148","post","type-post","status-publish","format-standard","hentry","category-economy","category-politics","tag-economy","tag-politics"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pab4zg-yE","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/posts\/2148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/comments?post=2148"}],"version-history":[{"count":0,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/posts\/2148\/revisions"}],"wp:attachment":[{"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/media?parent=2148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/categories?post=2148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/tags?post=2148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}