{"id":36978,"date":"2019-05-12T17:39:58","date_gmt":"2019-05-12T17:39:58","guid":{"rendered":"https:\/\/highplainsblogger.com\/?p=36978"},"modified":"2019-05-12T17:39:58","modified_gmt":"2019-05-12T17:39:58","slug":"how-does-potus-pull-this-one-off","status":"publish","type":"post","link":"https:\/\/highplainsblogger.com\/?p=36978","title":{"rendered":"How does POTUS pull this one off?"},"content":{"rendered":"\n
Tweet<\/a><\/div>\n

“Here’s a guy who’s managed to rack up a $2 trillion deficit at a moment of full employment in the country. It is almost impossible to do that.”<\/em><\/p>\n

Perhaps you have heard of the fellow who made that observation. He is U.S. Sen. Michael Bennet, a Colorado Democrat, who — by the way — is one of the seemingly hundreds of Democrats running for the party’s 2020 presidential nomination.<\/p>\n

He calls Donald Trump the “most fiscally irresponsible” president in decades. Bennet does raise a fascinating point.<\/p>\n

The economy continues<\/a> to rock along. Joblessness is down to 3.6 percent, the lowest rate in 50 years. The private sector keeps adding jobs at a robust rate, adding 263,000 more of them in April. That’s a solid performance, which the president is fond of touting. He should. The numbers are great!<\/p>\n

How does the president manage, though, to preside over a federal budget deficit that is skyrocketing into the trillion-dollar stratosphere? I am not an economist, but I always thought that full employment — which is close to where we stand at the moment — is supposed to generate enough tax revenue to keep the government flush with money. That ain’t happenin’, man!<\/p>\n

Dang! So the president will campaign on The Economy. What about that budget deficit, Mr. President? Doesn’t that matter any longer to any of those who comprise the president’s “base”?<\/p>\n

Hah! Who am I kidding? Of course it doesn’t!<\/p>\n\n

Tweet<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

“Here’s a guy who’s managed to rack up a $2 trillion deficit at a moment of full employment in the country. It is almost impossible to do that.” Perhaps you have heard of the fellow who made that observation. He is U.S. Sen. Michael Bennet, a Colorado Democrat, who — by the way — is … Continue reading How does POTUS pull this one off?<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[7910],"tags":[8613,2503,8615,8614],"class_list":["post-36978","post","type-post","status-publish","format-standard","hentry","category-economic-news","tag-full-employment","tag-joblessness","tag-michael-bennet","tag-tax-revenue"],"_links":{"self":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/36978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36978"}],"version-history":[{"count":1,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/36978\/revisions"}],"predecessor-version":[{"id":36979,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/36978\/revisions\/36979"}],"wp:attachment":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}