{"id":9977,"date":"2011-09-19T15:12:30","date_gmt":"2011-09-19T19:12:30","guid":{"rendered":"https:\/\/flsentinel.com\/?p=9977"},"modified":"2011-09-19T14:08:07","modified_gmt":"2011-09-19T18:08:07","slug":"president-obama-presents-his-deficit-reduction-plan","status":"publish","type":"post","link":"https:\/\/flsentinel.com\/?p=9977","title":{"rendered":"President Obama Presents His Deficit Reduction Plan"},"content":{"rendered":"<p>The $3 trillion in deficit reduction that <strong>President Obama<\/strong> unveiled in the Rose Garden Monday represents another populist turn for the White House.<\/p>\n<p>The $3 trillion over 10 years includes $1.5 trillion in increased revenue ($800 billion in letting the <strong>Bush<\/strong> tax cuts expire for top income earners, $700 billion in closing loopholes and other tax breaks), $1.1 trillion in ending the wars in Iraq and Afghanistan, and the rest in savings from Medicare and Medicaid (that primarily come from providers, not beneficiaries). Not surprisingly, Democrats and liberals love it, Republicans and conservatives hate it, and it\u2019s unlikely to be adopted by the \u201cSuper Committee.\u201d<\/p>\n<p>The plan raises two questions: One, should Republicans have taken the deficit-reduction deal<strong> Obama<\/strong> offered back in July &#8212; which contained more substantial entitlement changes and less tax revenue? And two, how will <strong>Obama\u2019s<\/strong> proposal (and the GOP denunciation of it) impact the Super Committee?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The $3 trillion in deficit reduction that President Obama unveiled in the Rose Garden Monday represents another populist turn for the White House. The $3 trillion over 10 years includes $1.5 trillion in increased revenue ($800 billion in letting the Bush tax cuts expire for top income earners, $700 billion in closing loopholes and other [&hellip;]<\/p>\n","protected":false},"author":210,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-9977","post","type-post","status-publish","format-standard","hentry","category-national-news","pmpro-has-access"],"_links":{"self":[{"href":"https:\/\/flsentinel.com\/index.php?rest_route=\/wp\/v2\/posts\/9977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flsentinel.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flsentinel.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flsentinel.com\/index.php?rest_route=\/wp\/v2\/users\/210"}],"replies":[{"embeddable":true,"href":"https:\/\/flsentinel.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9977"}],"version-history":[{"count":0,"href":"https:\/\/flsentinel.com\/index.php?rest_route=\/wp\/v2\/posts\/9977\/revisions"}],"wp:attachment":[{"href":"https:\/\/flsentinel.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flsentinel.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flsentinel.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}