{"entry":{"title":"For Now, a Trillion-Dollar Deficit Is Sustainable","date":"Tue, 29 Jan 2013 23:00:00 -0600","author":"Makin and Hanson, Financial Times","description":"
An abrupt spending sequester at a rate of about $110bn per year ($1.1tn over 10 years) scheduled to begin March 1 could cause a US recession, coming as it does on top of tax increases worth about 1.5 per cent of GDP enacted in January.<\/span><\/p>","original_link":"http:\/\/blogs.ft.com\/economistsforum\/2013\/01\/trillion-dollar-deficits-are-sustainable-for-now-unfortunately\/"}}