{"id":300,"date":"2013-10-08T23:19:47","date_gmt":"2013-10-09T03:19:47","guid":{"rendered":"http:\/\/jimlund.org\/blog\/?p=300"},"modified":"2013-10-08T23:19:47","modified_gmt":"2013-10-09T03:19:47","slug":"notes-on-the-present","status":"publish","type":"post","link":"http:\/\/jimlund.org\/blog\/?p=300","title":{"rendered":"Notes on the present"},"content":{"rendered":"<p>State of the federal budget:<br \/>\n<img decoding=\"async\" src=\"pics\/http:\/\/www.motherjones.com\/files\/blog_deficit_2012_2023.jpg\" alt=\"US fed deficit over the last few years\" \/><\/p>\n<p>Annotated with more detail:<br \/>\n<a href=\"http:\/\/www.motherjones.com\/politics\/2013\/09\/austerity-reinhart-rogoff-stimulus-debt-ceiling\"><img decoding=\"async\" src=\"pics\/Austerity_1_WM_630.gif\" alt=\"US fed budget changes\" \/><\/a><\/p>\n<p>This is the steepest set of budget cuts since the US came out of WWII.<\/p>\n<p>\nIs this typical for the US economy coming out of a deep, deep recession.  No, unprecedented:<\/p>\n<p><a href=\"http:\/\/www.motherjones.com\/kevin-drum\/2013\/09\/obama-austerity-wrecked-american-economy\"><img decoding=\"async\" src=\"http:\/\/www.motherjones.com\/files\/blog_austerity_state_local_federal_spending_0.jpg\" alt=\"US fed spending post recession\" \/><\/a><\/p>\n<p>A sharp reduction in spending like this is slowing the recovery.  If the US followed the usual course (+15% federal spending, i.e. more stimulus), an extra 2-3 million people would have jobs, and that positive feedback would be pushing the US into a full recovery.<\/p>\n<p>The budget currently on the table in Washington, rejected by the GOP:<br \/>\n<a href=\"http:\/\/www.americanprogress.org\/issues\/budget\/news\/2013\/09\/30\/76026\/the-senate-continuing-resolution-is-already-a-compromise\/\"><img decoding=\"async\" src=\"pics\/FundingLevelCharticle-1.png\" alt=\"2014 US Fed budget, Senate CR\" \/><br \/>\n<\/a><\/p>\n<p>Deficit reduction since 2011:<br \/>\n<a href=\"http:\/\/www.washingtonpost.com\/blogs\/wonkblog\/wp\/2013\/01\/08\/before-you-talk-about-the-deficit-take-a-look-at-these-charts\/\"><img decoding=\"async\" src=\"pics\/Screen-shot-2013-01-08-at-4.07.40-PM.jpg\" alt=\"cuts since 2011\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.americanprogress.org\/issues\/budget\/news\/2013\/09\/19\/74641\/why-we-must-reset-the-fiscal-debate-15-charts\/\">More charts covering the federal budget, deficit, health care spending, and related matters.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>State of the federal budget: Annotated with more detail: This is the steepest set of budget cuts since the US came out of WWII. Is this typical for the US economy coming out of a deep, deep recession. No, unprecedented: A sharp reduction in spending like this is slowing the recovery. If the US followed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-300","post","type-post","status-publish","format-standard","hentry","category-politics"],"_links":{"self":[{"href":"http:\/\/jimlund.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/jimlund.org\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/jimlund.org\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/jimlund.org\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/jimlund.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=300"}],"version-history":[{"count":0,"href":"http:\/\/jimlund.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/300\/revisions"}],"wp:attachment":[{"href":"http:\/\/jimlund.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/jimlund.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=300"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/jimlund.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}