{"id":2612,"date":"2006-08-13T04:55:35","date_gmt":"2006-08-13T11:55:35","guid":{"rendered":"http:\/\/www.amptoons.com\/blog\/archives\/2006\/08\/13\/the-deficit-is-fdrs-fault\/"},"modified":"2006-08-13T04:55:35","modified_gmt":"2006-08-13T11:55:35","slug":"the-deficit-is-fdrs-fault","status":"publish","type":"post","link":"https:\/\/amptoons.com\/blog\/?p=2612","title":{"rendered":"The Deficit Is FDR&#039;s Fault!"},"content":{"rendered":"<p>Right-wing groupie tank\/magazine <em>Human Events<\/em> has published their picks for the <a href=\"http:\/\/www.humanevents.com\/article.php?id=7591\">ten most harmful books of the 19th and 20th centuries<\/a>. The list lumps in Mao and Hitler with Betty Friedan and John Maynard Keynes. The entry explaining Keynes&#8217; inclusion was particularly funny:<\/p>\n<blockquote><p>Keynes was a member of the British elite&#8211;educated at Eton and Cambridge&#8211;who as a liberal Cambridge economics professor wrote General Theory of Employment, Interest and Money in the midst of the Great Depression. The book is a recipe for ever-expanding government. When the business cycle threatens a contraction of industry, and thus of jobs, he argued, the government should run up deficits, borrowing and spending money to spur economic activity. FDR adopted the idea as U.S. policy, and the U.S. government now has a $2.6-trillion annual budget and an $8-trillion dollar debt.<\/p><\/blockquote>\n<p><em>Riiiigght<\/em>, the current deficit is <em>FDR&#8217;s<\/em> fault. It&#8217;s not like there are <a href=\"http:\/\/zfacts.com\/metaPage\/lib\/National-Debt-GDP.gif\">any other presidents<\/a> who could more fairly be blamed.<\/p>\n<p>What about the critique of Friedan, you&#8217;re wondering? It contains absolutely no content apart from red-baiting.<\/p>\n<p>(Curtsy: <a href=\"http:\/\/amber.tangerinecs.com\/viewentry.php?entry=1663\">Being Amber Rhea<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Right-wing groupie tank\/magazine Human Events has published their picks for the ten most harmful books of the 19th and 20th centuries. The list lumps in Mao and Hitler with Betty Friedan and John Maynard Keynes. The entry explaining Keynes&#8217; inclusion &hellip; <a href=\"https:\/\/amptoons.com\/blog\/?p=2612\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-2612","post","type-post","status-publish","format-standard","hentry","category-economics-and-the-like"],"_links":{"self":[{"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/2612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2612"}],"version-history":[{"count":0,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/2612\/revisions"}],"wp:attachment":[{"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}