{"id":4648,"date":"2023-10-25T21:41:39","date_gmt":"2023-10-25T19:41:39","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=4648"},"modified":"2023-10-25T21:41:39","modified_gmt":"2023-10-25T19:41:39","slug":"us-budget-deficit-reviewed","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=4648","title":{"rendered":"US budget deficit reviewed"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">Bloomberg reviewed the numbers here and found that one of the main drivers of the increased US budget deficit in 2023 is\u2026 revenue.<\/p>\n<p>Specifically, there was a $456 billion drop in individual income-tax receipts, the biggest change in flows in two years. That\u2019s partly the result of declines in financial markets and filing extensions granted as a result of disasters, especially in California.<\/p>\n<p>Other factors were inflationary adjustments to federal benefits such as Social Security, higher interest payments on the federal debt, bailouts for customers of failed banks and higher defense spending.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg reviewed the numbers here and found that one of the main drivers of the increased US budget deficit in 2023 is\u2026 revenue. Specifically, there was a $456 billion drop in individual income-tax receipts, the biggest change in flows in two years. That\u2019s partly the result of declines in financial markets and filing extensions granted [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-4648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4648"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4648\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/4649"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}