{"id":7593,"date":"2022-04-07T15:31:39","date_gmt":"2022-04-07T15:31:39","guid":{"rendered":"http:\/\/lonecandle.com\/?p=7593"},"modified":"2022-04-07T15:31:39","modified_gmt":"2022-04-07T15:31:39","slug":"hey-nancy-pelosi-national-debt-should-be-a-top-priority","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=7593","title":{"rendered":"Hey, Nancy Pelosi: &#8216;National Debt Should Be a Top Priority&#8217;"},"content":{"rendered":"\n<p>\n\n&#8220;inflation and high debt create&nbsp;<a href=\"https:\/\/reason.com\/2021\/12\/30\/americas-huge-pile-of-national-debt-makes-combating-inflation-more-difficult\/\" target=\"_blank\" rel=\"noreferrer noopener\">a trap for policymakers<\/a>: higher inflation could lead the Federal Reserve raise interest rates, which would increase the payments owed on the debt.&#8221;<br>&#8230;<br>&#8220;the 24 lawmakers who signed [the] letter are asking for two policies that are the lowest of low-hanging fruit. First, they are seeking the creation of a bipartisan debt commission, similar to one implemented during President Barack Obama&#8217;s first term that helped trigger modest reductions in annual budget deficits following the Great Recession.<\/p>\n\n\n\n<p>Commissions are a great way for lawmakers to make it look like they&#8217;re doing something without actually doing it, of course, but in this case, it might be a helpful exercise. It has been so long since\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/reason.com\/2021\/05\/08\/the-era-of-small-government-is-over\/\" target=\"_blank\">debt and deficit politics<\/a>\u00a0have featured prominently in politics that it&#8217;s not clear whether there is a workable coalition in Congress to address the debt. A commission may help organize and focus those debates\u2014and may raise further awareness among voters.&#8221;<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/reason.com\/2022\/02\/23\/hey-nancy-pelosi-national-debt-should-be-a-top-priority\/\" target=\"_blank\">https:\/\/reason.com\/2022\/02\/23\/hey-nancy-pelosi-national-debt-should-be-a-top-priority\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;inflation and high debt create a trap for policymakers: higher inflation could lead the Federal Reserve raise interest rates, which would increase the payments owed on the debt.&#8221;<\/p>\n<p>&#8230;<\/p>\n<p>&#8220;the 24 lawmakers who signed [the] letter are asking for two policies that are the lowest of low-hanging fruit. First, they are seeking the creation of a bipartisan debt commission, similar to one implemented during President Barack Obama&#8217;s first term that helped trigger modest reductions in annual budget deficits following the Great Recession.<br \/>\nCommissions are a great way for lawmakers to make it look like they&#8217;re doing something without actually doing it, of course, but in this case, it might be a helpful exercise. It has been so long since debt and deficit politics have featured prominently in politics that it&#8217;s not clear whether there is a workable coalition in Congress to address the debt. A commission may help organize and focus those debates\u2014and may raise further awareness among voters.&#8221;<\/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":[7,278,10],"class_list":["post-7593","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-debt","tag-deficit","tag-national-debt"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/7593","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=7593"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/7593\/revisions"}],"predecessor-version":[{"id":7594,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/7593\/revisions\/7594"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}