{"id":1221,"date":"2013-01-02T15:02:46","date_gmt":"2013-01-02T15:02:46","guid":{"rendered":"http:\/\/megalextoria.wordpress.com\/?p=1221"},"modified":"2013-01-02T15:02:46","modified_gmt":"2013-01-02T15:02:46","slug":"fiscal-cliff-deal-1-in-spending-cuts-for-every-41-in-tax-increases","status":"publish","type":"post","link":"https:\/\/www.megalextoria.com\/wordpress\/index.php\/2013\/01\/02\/fiscal-cliff-deal-1-in-spending-cuts-for-every-41-in-tax-increases\/","title":{"rendered":"FISCAL CLIFF DEAL: $1 IN SPENDING CUTS FOR EVERY $41 IN TAX INCREASES"},"content":{"rendered":"<p>According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion&#8211;a 41:1 ratio of tax increases to spending cuts.<\/p>\n<p>When Presidents Ronald Reagan and George H.W. Bush increased taxes in return for spending cuts&#8211;cuts that never ultimately came&#8211;they did so at ratios of 1:3 and 1:2.<\/p>\n<p><a href=\"https:\/\/www.megalextoria.com\/forum2\/index.php?t=msg&amp;goto=31141&amp;#msg_31141\">https:\/\/www.megalextoria.com\/forum2\/index.php?t=msg&amp;goto=31141&amp;#msg_31141<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion&#8211;a 41:1 ratio of tax increases to spending cuts. When Presidents Ronald Reagan and George H.W. Bush increased taxes in return for spending cuts&#8211;cuts that never ultimately came&#8211;they did so at ratios of 1:3 and 1:2. https:\/\/www.megalextoria.com\/forum2\/index.php?t=msg&amp;goto=31141&amp;#msg_31141<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[551,560,1701],"class_list":["post-1221","post","type-post","status-publish","format-standard","hentry","category-news-and-politics","tag-debt","tag-deficit","tag-taxes"],"_links":{"self":[{"href":"https:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/1221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=1221"}],"version-history":[{"count":0,"href":"https:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/1221\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=1221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=1221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=1221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}