{"id":17907,"date":"2025-05-22T18:34:23","date_gmt":"2025-05-22T18:34:23","guid":{"rendered":"https:\/\/lonecandle.com\/?p=17907"},"modified":"2025-05-22T18:34:24","modified_gmt":"2025-05-22T18:34:24","slug":"americas-credit-is-falling-and-the-government-is-still-digging-deeper-into-debt","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=17907","title":{"rendered":"America’s Credit Is Falling\u2014and the Government Is Still Digging Deeper Into Debt"},"content":{"rendered":"\n

“the mess is real, and it’s because habitual deficit financing\u2014the very disease fiscally-minded Founding Father Alexander Hamilton warned against\u2014has become business as usual.<\/p>\n\n\n\n

The reckoning comes as House Republicans push to extend the 2017 Trump tax cuts with a “big, beautiful bill.” If handled correctly, it’s a good idea. But while the legislation aims to avoid tax hikes, it pairs modestly pro-growth provisions with a smorgasbord of costly special interest giveaways. Worse, it assumes we can afford yet another $3 trillion to $5 trillion in debt without serious consequences. That’s the kind of magical thinking that spurred the credit downgrade.”<\/p>\n\n\n\n

https:\/\/reason.com\/2025\/05\/22\/americas-credit-is-falling-and-the-government-is-still-digging-deeper-into-debt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

“the mess is real, and it’s because habitual deficit financing\u2014the very disease fiscally-minded Founding Father Alexander Hamilton warned against\u2014has become business as usual.<\/p>\n

The reckoning comes as House Republicans push to extend the 2017 Trump tax cuts with a “big, beautiful bill.” If handled correctly, it’s a good idea. But while the legislation aims to avoid tax hikes, it pairs modestly pro-growth provisions with a smorgasbord of costly special interest giveaways. Worse, it assumes we can afford yet another $3 trillion to $5 trillion in debt without serious consequences. That’s the kind of magical thinking that spurred the credit downgrade.”<\/p>\n

https:\/\/reason.com\/2025\/05\/22\/americas-credit-is-falling-and-the-government-is-still-digging-deeper-into-debt\/<\/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":[13],"tags":[7,278,1193,279],"class_list":["post-17907","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-debt","tag-deficit","tag-government-spending","tag-spending"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17907"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17907\/revisions"}],"predecessor-version":[{"id":17908,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17907\/revisions\/17908"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}