{"id":498913,"date":"2010-04-01T05:01:58","date_gmt":"2010-04-01T09:01:58","guid":{"rendered":"http:\/\/www.szone.us\/f96\/what-10-years-10-trill-debt-will-buy-you-41673\/"},"modified":"2010-04-01T05:01:58","modified_gmt":"2010-04-01T09:01:58","slug":"what-10-years-and-10-trill-in-debt-will-buy-you","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/498913","title":{"rendered":"What 10 Years and $10 Trill in Debt will Buy You"},"content":{"rendered":"<div>03.31.10 07:02 PM posted by Veronica Estrada<\/p>\n<p><a href=\"http:\/\/veronicaestrada.com\/blog\/2010\/03\/31\/what-10-years-and-10-trill-in-debt-will-buy-you-a-sore-back-and-an-empty-wallet\/bernake-2\/\" ><img decoding=\"async\" src=\"http:\/\/veronicaestrada.com\/blog\/wp-content\/uploads\/2010\/03\/bernake.png\" border=\"0\" alt=\"\" \/><\/a>Bummed Bernake?David M. Dickson&#8217;s &quot;<a href=\"http:\/\/www.washingtontimes.com\/news\/2010\/mar\/26\/cbos-2020-vision-debt-will-rise-to-90-of-gdp\/\" >CBO report: Debt will rise to 90% of GDP<\/a>&quot; from the Washington Times:<\/p>\n<blockquote><p>President Obama&#8217;s fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation&#8217;s economic output by 2020, the Congressional Budget Office reported Thursday.<\/p>\n<p>&lt;\/p&gt;<\/p><\/blockquote>\n<p>Gross Domestic Product. This means everything we produce as workers in America. Your blood, sweat and tears. And everything you sacrifice &#8212; your marriages, spending time with your children, having children, owning a dog, buying a better car to go to work, you name it. <\/p>\n<p>90% of GDP. This means for every $1 dollar we produce in products and services, 90 cents will go toward federal debt, debt owned by China and whatever other country has the courage to purchase our debt <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=newsarchive&amp;sid=aYUeBnitz7nU\" >as our national credit rating declines<\/a>. <a href=\"http:\/\/www.conservativeoutpost.com\/what_10_years_and_10_trill_debt_will_buy_you\" ><b> read more &amp;raquo;<\/b><\/a><\/p>\n<p><a href=\"http:\/\/www.conservativeoutpost.com\/what_10_years_and_10_trill_debt_will_buy_you\" >http:\/\/www.conservativeoutpost.com\/w&#8230;t_will_buy_you<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>03.31.10 07:02 PM posted by Veronica Estrada Bummed Bernake?David M. Dickson&#8217;s &quot;CBO report: Debt will rise to 90% of GDP&quot; from the Washington Times: President Obama&#8217;s fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-498913","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/498913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=498913"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/498913\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=498913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=498913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=498913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}