{"id":220919,"date":"2021-04-07T13:00:00","date_gmt":"2021-04-07T10:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/opinion-how-deficit-spending-could-hand-congress-to-the-republicans\/"},"modified":"2021-04-07T13:00:00","modified_gmt":"2021-04-07T10:00:00","slug":"opinion-how-deficit-spending-could-hand-congress-to-the-republicans","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/opinion-how-deficit-spending-could-hand-congress-to-the-republicans\/","title":{"rendered":"#\n  Opinion: How deficit spending could hand Congress to the Republicans"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3e07c074fff\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3e07c074fff\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/opinion-how-deficit-spending-could-hand-congress-to-the-republicans\/#The_Fed_is_already_tightening_monetary_policy_to_slow_the_recovery\" >The Fed is already tightening monetary policy to slow the recovery<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/opinion-how-deficit-spending-could-hand-congress-to-the-republicans\/#A_trillion_here_a_trillion_there\" >A trillion here, a trillion there<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/opinion-how-deficit-spending-could-hand-congress-to-the-republicans\/#Fed_already_tightening\" >Fed already tightening<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/opinion-how-deficit-spending-could-hand-congress-to-the-republicans\/#More_by_Peter_Morici\" >More by Peter Morici:<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/opinion-how-deficit-spending-could-hand-congress-to-the-republicans\/#Peter_Morici\" >Peter Morici<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Opinion: How deficit spending could hand Congress to the Republicans<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"The_Fed_is_already_tightening_monetary_policy_to_slow_the_recovery\"><\/span>\n  The Fed is already tightening monetary policy to slow the recovery<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div class=\"cx--next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000222404\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       President Joe Biden\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.vox.com\/policy-and-politics\/2021\/3\/6\/22315536\/stimulus-package-passes-checks-unemployment\" class=\"icon none\">$1.9 trillion<\/a> American Recovery Act scored <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.usatoday.com\/story\/news\/politics\/2021\/03\/10\/covid-19-stimulus-package-polls-find-strong-support-relief\/6936053002\/\" class=\"icon none\">75% public approval<\/a>, and it is full of goodies for reliable Democratic constituencies\u2014money for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/states-expected-covid-19-to-bring-widespread-tax-shortfalls-it-didnt-happen-11615372201\" class=\"icon none\">state budgets<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2021\/03\/08\/covid-relief-bill-gives-86-billion-bailout-to-failing-union-pension-plans.html\" class=\"icon none\">union pensions<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2021\/03\/10\/stimulus-bill-to-give-nearly-40-billion-to-higher-education.html\" class=\"icon none\">universities<\/a>, and the like\u2014often having <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/the-covid-welfare-state-11615154022?mod=hp_opin_pos_3\" class=\"icon none\">little to do with the pandemic<\/a>.<\/p>\n<p> Now his <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2021-03-31\/citylab-daily-inside-biden-s-2-trillion-infrastructure-plan\" class=\"icon none\">infrastructure package<\/a> is full of spending having little to do with rebuilding America\u2019s roads, bridges and the like, but this time Democrats in Congress may prove <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloombergquint.com\/politics\/biden-faces-tougher-obstacles-for-broad-relief-bill-sequel\" class=\"icon none\">more difficult<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/democrats-face-test-of-party-unity-as-they-plan-next-legislative-steps-11615557601\" class=\"icon none\">to unite<\/a>. And as the pandemic recedes, the Federal Reserve is proving less cooperative to monetize record deficits as Biden seeks even more spending to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/joebiden.com\/build-back-better\/\" class=\"icon none\">Build Back Better<\/a>.\u00a0<\/p>\n<div class=\"paywall\">\n       <strong>Breaking <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>: <\/strong>Biden says his $2.3 trillion infrastructure plan will create 19 million jobs\u2014most would not require a college degree<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetPullQuote\n            inline\n    scope-web|mobileapps\n  article__inset\n          article__inset--type-InsetPullQuote\n            article__inset--inline\n  \"><\/p>\n<div class=\"wsj-article-pullquote article__inset__pullquote \">\n<p class=\"pullquote-content article__inset__pullquote__quote\">\n        <span class=\"l-qt article__inset__pullquote__mark--left\">\u201c<\/span><br \/>\n        That\u2019s a lot of bonds to sell\u2014even with proposed tax increases.<br \/>\n        <span class=\"r-qt article__inset__pullquote__mark--right\">\u201d<\/span><\/p><\/div>\n<\/p><\/div>\n<p>       The price tag to repair America\u2019s infrastructure and electrical grid, accelerate the build-out of windmills, solar power and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.businessinsider.com\/joe-biden-electric-vehicle-charging-stations-plan-industry-experts-2030-2021-3\" class=\"icon none\">electric vehicles<\/a>, lessen inequality by making permanent the stimulus package\u2019s one-year boost to the child, dependent care and earned-income tax credits and food stamps, harden supply chains for medical equipment and semiconductors, and boost R&amp;D to meet the China challenge would require <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.crfb.org\/papers\/cost-trump-and-biden-campaign-plans\" class=\"icon none\">at least $1 trillion a year<\/a>.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"A_trillion_here_a_trillion_there\"><\/span>A trillion here, a trillion there<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p> The federal deficit was $3.1 trillion in 2020 or about 15% of gross domestic product. Before the $900 billion stimulus package passed in the waning days of the Trump administration and the ARA, the deficit for 2021 was on track to be a bit <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.govinfo.gov\/content\/pkg\/ECONI-2020-11\/pdf\/ECONI-2020-11-Pg32.pdf\" class=\"icon none\">less than $1 trillion<\/a>. Now it is projected to be <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.crfb.org\/blogs\/new-budget-projections-show-record-deficits-and-debt?emci=f7f1b3e5-4a83-eb11-85aa-00155d43c992&amp;emdi=32084f23-7d83-eb11-85aa-00155d43c992&amp;ceid=17390\" class=\"icon none\">$3.4 trillion this year and $1.6 trillion next year<\/a>.\u00a0\u00a0<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:74.53125%;\" data-mobile-ratio=\"74.53125%\" data-layout-ratio=\"74.53125%\" data-subtype=\"\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-321131?width=140&amp;size=1.3417190775681342 140w,\nhttps:\/\/images.mktw.net\/im-321131?width=540&amp;size=1.3417190775681342 540w,\nhttps:\/\/images.mktw.net\/im-321131?width=620&amp;size=1.3417190775681342 620w,\nhttps:\/\/images.mktw.net\/im-321131?width=700&amp;size=1.3417190775681342 700w,\nhttps:\/\/images.mktw.net\/im-321131?width=860&amp;size=1.3417190775681342 860w,\nhttps:\/\/images.mktw.net\/im-321131?width=1260&amp;size=1.3417190775681342 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-321131?width=620&amp;size=1.3417190775681342\" data-enlarge=\"https:\/\/images.mktw.net\/im-321131?width=1260&amp;size=1.3417190775681342\" alt=\"\" title=\"\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\"><span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            Committee for a Responsible Federal Budget<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>       Add to that another $1 trillion for the infrastructure bill and the rest of Build Back Better, and that\u2019s a lot of bonds to sell\u2014even with proposed tax increases.<\/p>\n<p><strong>Breaking news: <\/strong>Biden says there\u2019s \u2018no evidence\u2019 higher corporate tax will drive business away as key Democrat demands changes<\/p>\n<p>Each month, the Fed prints money to buy Treasury, mortgage-backed and other securities. During the pandemic, it printed <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.washingtontimes.com\/news\/2021\/jan\/25\/inflation-could-prove-bidens-toughest-economic-cha\/\" class=\"icon none\">as much money as needed to finance the $3.1 trillion deficit<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/fred.stlouisfed.org\/series\/DGS10\" class=\"icon none\">push the rate on 10-year Treasuries well below 1%<\/a>.<\/p>\n<p>We didn\u2019t get much new inflation in goods and services markets, because households used much of their stimulus checks to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/fred.stlouisfed.org\/series\/PSAVERT\" class=\"icon none\">pay down debt, pad cash reserves and invest<\/a>. The latter caused asset price inflation. Last year, stocks<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"negative\">-0.10%<\/bg-quote><\/p>\n<p>        COMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598365\/realtime\" class=\"negative\">-0.05%<\/bg-quote><\/p>\n<p>        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"negative\">-0.29%<\/bg-quote><br \/>\n      <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.usatoday.com\/story\/money\/2020\/12\/31\/dow-jones-stocks-were-flat-early-trading-after-year-sharp-swings\/4099199001\/\" class=\"icon none\"> jumped 16%<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nar.realtor\/blogs\/economists-outlook\/january-2021-existing-home-sales-annual-pace-rises-to-6-69-million\" class=\"icon none\">existing home prices increased 14%<\/a>.<\/p>\n<p>With <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.heritage.org\/public-health\/commentary\/the-end-the-pandemic-sight-the-data-show\" class=\"icon none\">herd immunity in the United States within sight<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/turbocharged-economy-leaves-factories-struggling-to-deliver-goods-that-shoppers-want-11615726803\" class=\"icon none\">many sectors of the economy are headed to max capacity<\/a>, and the Fed has a binary choice. It can tolerate <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/consumer-spending-personal-income-february-2021-11616710309\" class=\"icon none\">households spending more of their cash stashes<\/a> to boost inflation or dial down its money-printing machine.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-04\/powell-says-good-reason-to-expect-jobs-will-pick-up?cmpid=BBD030421_BIZ&amp;utm_medium=email&amp;utm_source=newsletter&amp;utm_term=210304&amp;utm_campaign=bloombergdaily\" class=\"icon none\">Chairman Jerome Powell tells us<\/a> he expects a temporary surge in prices but not an inflationary spiral and is determined to keep the money flowing to get to full employment,<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Fed_already_tightening\"><\/span>Fed already tightening<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>The latter will be tough, because for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/march-jobs-report-unemployment-rate-2021-11617314225\" class=\"icon none\">many workers the old jobs won\u2019t come back soon<\/a>, and they may be stuck in lower paying or part-time work. Employers in the hospitality, airline, amusement and other industries are not soon returning to pre-pandemic levels, and the economy would need a lot of accommodative monetary policy, excess demand in other sectors, and inflation to overcome that reality.<\/p>\n<p>Powell\u2019s actions belie his words. The 10-year Treasuries rate is up, because <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/fred.stlouisfed.org\/series\/WALCL\" class=\"icon none\">he\u2019s not buying nearly so many bonds<\/a> this year. \u00a0<\/p>\n<p>That\u2019s monetary tightening and will brake the recovery. \u00a0<\/p>\n<p>A higher 10-year Treasury rate<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.648%<\/bg-quote><br \/>\n       and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/usa-bonds-idUSL1N2LR1EK\" class=\"icon none\">steeper yield curve<\/a> are as important to rates charged on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/30-year-mortgage-rate-tops-3-for-first-time-since-july-11614870208\" class=\"icon none\">mortgages<\/a>, auto and student loans and credit cards as the overnight bank borrowing rate<br \/>\n        FF00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210002368\/delayed\" class=\"\"><\/bg-quote><br \/>\n       the Fed advertises as its policy rate and has kept near zero since March 2020.<\/p>\n<p>As the months wear on, unemployment\u2014especially <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bls.gov\/news.release\/empsit.t15.htm\" class=\"icon none\">U6<\/a>, which includes folks working part time that can\u2019t find full-time positions and those not currently looking that don\u2019t believe they could find a good job\u2014<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.piie.com\/blogs\/realtime-economic-issues-watch\/us-unemployment-rate-higher-it-looks-and-still-high-if-all\" class=\"icon none\">could remain stubbornly high<\/a>.<\/p>\n<p>Then you will see the sweat forming on Messrs. Biden\u2019s and Schumer\u2019s brows as they contemplate the midterms in congressional districts and states where Democrats prevailed by only thin margins over the unpopular Donald Trump.<\/p>\n<p>Pressure will build for another big reconciliation bill. As much of the hard left\u2019s agenda in Congress\u2014for example, the push to raise the corporate tax rate to 28%\u2014does not enjoy 50-vote support in the Senate or even majority support in the House, that ballet to reach a deal on the final infrastructure package will be more like the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=20myPs_-E1I\" class=\"icon none\">rumble in \u201cWest Side Story<\/a>\u201d than \u201cSwan Lake.\u201d<\/p>\n<p>High interest rates will slow the recovery but not enough to stave off inflation. Minority Leader Mitch McConnell may not have to say much in 2022\u2014the Democrats\u2019 handiwork and infighting may do the campaigning for him.\u00a0<\/p>\n<p><strong><em>Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.<\/em><\/strong><\/p>\n<h6><span class=\"ez-toc-section\" id=\"More_by_Peter_Morici\"><\/span>More by Peter Morici:<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Biden\u2019s policies will help the working class less than he thinks<\/p>\n<p>Biden will regret the $1.9 trillion stimulus because it squanders the money he\u2019ll need for other priorities<\/p>\n<p>Biden has more room to spend than conservatives might like<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Peter Morici\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Peter_Morici\"><\/span>Peter Morici<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D364C427D6BC%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Opinion: How deficit spending could hand Congress to the Republicans &#8221; The Fed is already tightening monetary policy to slow the recovery President Joe Biden\u2019s $1.9 trillion American Recovery Act scored 75% public approval, and it is full of goodies for reliable Democratic constituencies\u2014money for state budgets, union pensions, universities, and the like\u2014often having&#8230;<\/p>\n","protected":false},"author":1,"featured_media":220920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-220919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/220919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=220919"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/220919\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/220920"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=220919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=220919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=220919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}