{"id":27245,"date":"2011-07-13T16:40:50","date_gmt":"2011-07-13T16:40:50","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/david_leonhardt-why_taxes_will_rise_in_the_end\/"},"modified":"2011-07-13T16:40:50","modified_gmt":"2011-07-13T16:40:50","slug":"david_leonhardt-why_taxes_will_rise_in_the_end","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=27245","title":{"rendered":"David Leonhardt&#8211;Why Taxes Will Rise in the End"},"content":{"rendered":"<p>Free lunchism is ultimately the problem with the no-new-taxes pledge that so many politicians have adopted. A refusal to raise taxes, no matter how principled, cannot take us back to the good old days. It would instead lead to a very different American society. For taxes to remain where they are, Washington would need to end Medicare as we know it, end Social Security as we know it, severely shrink the military \u201d\u201d or do some combination of the above.<\/p>\n<p>\u201cWe cannot repeat the past when it comes to the federal budget,\u201d\u009d Douglas Elmendorf, director of the nonpartisan Congressional Budget Office, recently wrote. \u201cThe aging of our population and the rising cost of health care have changed the backdrop for federal budget policy in a fundamental way.\u201d\u009d<\/p>\n<p>The most important part of the recent Republican budget plan, written by Representative Paul Ryan, was that it acknowledged this reality&#8230;<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2011\/07\/13\/business\/economy\/why-taxes-will-rise-in-the-end-david-leonhardt.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Free lunchism is ultimately the problem with the no-new-taxes pledge that so many politicians have adopted. A refusal to raise taxes, no matter how principled, cannot take us back to the good old days. It would instead lead to a<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=27245\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,670,582,589,595,592,149,591,590,133,675,129,673,599,587,596,669,584,672],"tags":[],"class_list":["post-27245","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-budget","category-consumerconsumer-spending","category-corporationscorporate-life","category-credit-markets","category-currency-markets","category-economy","category-euro","category-european-central-bank","category-history","category-medicare","category-psychology","category-social-security","category-stock-market","category-taxes","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-national-deficit","category-the-u-s-government","category-the-united-states-currency-dollar-etc"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/27245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27245"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/27245\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}