{"id":130690,"date":"2025-07-05T17:30:44","date_gmt":"2025-07-05T16:30:44","guid":{"rendered":"https:\/\/www.themintmagazine.com\/?p=130690"},"modified":"2026-01-27T12:40:15","modified_gmt":"2026-01-27T12:40:15","slug":"double-barrelled-deficits-and-two-tiered-opportunities","status":"publish","type":"post","link":"https:\/\/www.themintmagazine.com\/double-barrelled-deficits-and-two-tiered-opportunities\/","title":{"rendered":"Double barrelled deficits and two-tiered opportunities"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-excerpt\">\n    <p>John Komlos warns Donald Trump that shooting yourself in the foot is not the remedy for toe pain and prescribes an oracle\u2019s application.\nIt is common knowledge that the U.S.\u2019s twin deficits have been abominable. The twins in this case refer to the balance-of-payments deficit and the federal governme...<\/p>\n  <\/div>\n  <div class=\"mepr-unauthorized-message\">\n    <p>You need to login to see this content. If you are not a member, join <a href=\"https:\/\/themintmagazine.com\/membership-join\/personal-subscriptions\/\">here<\/a>.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/www.themintmagazine.com\/login\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n      \n<div class=\"mp-form-row mepr_math_captcha\">\n    <div class=\"mp-form-label\">\n        <label for=\"mepr_math_quiz\">\n            <span id=\"mepr_math_captcha-69a027061a46d\"><\/span>*\n        <\/label>\n    <\/div>\n\n    <input type=\"text\" name=\"mepr_math_quiz\" id=\"mepr_math_quiz\" value=\"\" class=\"mepr-form-input\" \/>\n    <input type=\"hidden\" name=\"mepr_math_data\" value=\"IoLt7D5ZhJ4U5KsRrVL+mTd5dLwMVoC6sObqkOFbzT0=\" \/>\n\n    <script>\n    function mepr_base64_decode(encodedData) {\n        var decodeUTF8string = function(str) {\n            \/\/ Going backwards: from bytestream, to percent-encoding, to original string.\n            return decodeURIComponent(str.split('').map(\n                function(c) {\n                    return '%' + ('00' + c.charCodeAt(0).toString(16)).slice(-2)\n                })\n                .join('')\n            )\n        }\n\n        if (typeof window !== 'undefined') {\n            if (typeof window.atob !== 'undefined') {\n                return decodeUTF8string(window.atob(encodedData))\n            }\n        } else {\n            return new Buffer(encodedData, 'base64').toString('utf-8')\n        }\n\n        var b64 = 'ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789+\/='\n        var o1\n        var o2\n        var o3\n        var h1\n        var h2\n        var h3\n        var h4\n        var bits\n        var i = 0\n        var ac = 0\n        var dec = ''\n        var tmpArr = []\n\n        if (!encodedData) {\n            return encodedData\n        }\n\n        encodedData += ''\n        do {\n            \/\/ unpack four hexets into three octets using index points in b64\n            h1 = b64.indexOf(encodedData.charAt(i++))\n            h2 = b64.indexOf(encodedData.charAt(i++))\n            h3 = b64.indexOf(encodedData.charAt(i++))\n            h4 = b64.indexOf(encodedData.charAt(i++))\n            bits = h1 << 18 | h2 << 12 | h3 << 6 | h4\n            o1 = bits >> 16 & 0xff\n            o2 = bits >> 8 & 0xff\n            o3 = bits & 0xff\n\n            if (h3 === 64) {\n                tmpArr[ac++] = String.fromCharCode(o1)\n            } else if (h4 === 64) {\n                tmpArr[ac++] = String.fromCharCode(o1, o2)\n            } else {\n                tmpArr[ac++] = String.fromCharCode(o1, o2, o3)\n            }\n        } while (i < encodedData.length)\n\n        dec = tmpArr.join('')\n        return decodeUTF8string(dec.replace(\/\\0+$\/, ''))\n    }\n\n    jQuery(document).ready(function() {\n        var el = document.getElementById(\"mepr_math_captcha-69a027061a46d\")\n        el.innerHTML = mepr_base64_decode(\"MTMgKyA0IGVxdWFscz8=\");\n    });\n    <\/script>\n<\/div>\n      <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/wp-json\/wp\/v2\/posts\/130690\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/www.themintmagazine.com\/login\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>John Komlos warns Donald Trump that shooting yourself in the foot is not the remedy for toe pain and prescribes an oracle\u2019s application. It is common knowledge that the U.S.\u2019s &hellip; <\/p>\n","protected":false},"author":1,"featured_media":130691,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[58,6,47],"tags":[536,2823,1535,2830,800,448],"class_list":["post-130690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","category-here-now","category-north-america","tag-john-komlos","tag-june-2025","tag-subs-only","tag-trade-imbalance","tag-trump","tag-usa"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/posts\/130690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/comments?post=130690"}],"version-history":[{"count":0,"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/posts\/130690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/media\/130691"}],"wp:attachment":[{"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/media?parent=130690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/categories?post=130690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/tags?post=130690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}