{"id":4649,"date":"2009-04-27T08:30:51","date_gmt":"2009-04-27T13:30:51","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=4649"},"modified":"2009-04-27T07:42:11","modified_gmt":"2009-04-27T12:42:11","slug":"10500000000000","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=4649","title":{"rendered":"$10,500,000,000,000"},"content":{"rendered":"<p>Ten and a half <font size=\"+2\"><strong>Trillion <\/strong><\/font>dollars have been <a href=\"http:\/\/money.cnn.com\/news\/storysupplement\/economy\/bailouttracker\/index.html\">committed by our government<\/a> for bailouts and stimulus.<\/p>\n<p>The USA&#8217;s GDP is around 14 Trillion dollars and <a href=\"https:\/\/www.cia.gov\/library\/publications\/the-world-factbook\/rankorder\/2186rank.html\">according to the CIA<\/a>, our current debt as a percentage of GDP is around 60%. The fact that Japan is near the top of the global rankings at 170% does not bode well for us.<\/p>\n<p>This may\u00a0foreshadow our fate: protracted economic\u00a0stagnation for the US, as we follow in near lockstep with the Japanese by going dangerously deeper into debt and allowing our government to send (print)\u00a0good money after bad.<\/p>\n<p>Ultimately, delay\u00a0may be the\u00a0sole result as efforts to bail out financial institutions, insurance companies, and manufacturers will end in the bankruptcies that should have been allowed to happen by now.<\/p>\n<p>To anyone currently under the age of 55: your retirement plans are hereby <strike>revised<\/strike> canceled.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ten and a half Trillion dollars have been committed by our government for bailouts and stimulus. The USA&#8217;s GDP is around 14 Trillion dollars and according to the CIA, our current debt as a percentage of GDP is around 60%. The fact that Japan is near the top of the global rankings at 170% does [&hellip;]<\/p>\n","protected":false},"author":228,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,59,69],"tags":[],"class_list":["post-4649","post","type-post","status-publish","format-standard","hentry","category-money","category-pork-patrol","category-socialism"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/4649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/228"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4649"}],"version-history":[{"count":0,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/4649\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4649"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}