{"id":430,"date":"2006-03-21T09:20:44","date_gmt":"2006-03-21T14:20:44","guid":{"rendered":"http:\/\/kev.needham.ca\/blog\/?p=430"},"modified":"2006-03-21T09:20:44","modified_gmt":"2006-03-21T14:20:44","slug":"sobering-thought-of-the-day","status":"publish","type":"post","link":"https:\/\/kev.needham.ca\/index.php\/2006\/03\/21\/sobering-thought-of-the-day\/","title":{"rendered":"sobering thought of the day"},"content":{"rendered":"<p>Instead of fiscal responsibility- which it&#8217;s a little late for, now &#8211; the current administration in the U.S. continues to <a href=\"http:\/\/www.washingtonpost.com\/ac2\/wp-dyn\/A60963-2004Nov18?language=printer\">spend<\/a> like anyone with 18-gazillion credit cards <a href=\"http:\/\/www.newsday.com\/news\/politics\/wire\/sns-ap-bush-debt-limit,0,7762448.story?coll=sns-ap-politics-headlines\">would<\/a>. I guess it&#8217;s understandable, because their personal fortunes aren&#8217;t affected, and most likely they&#8217;re all off the hook in two and a half years, anyways. Ever wonder what would happen when a place like China or Japan figures the net return from trade isn&#8217;t enough to cover things off, and calls in the debt? I do, and the results ain&#8217;t pretty.<\/p>\n<blockquote><p>The debt limit increase was the <em>fourth<\/em> of Bush&#8217;s presidency, totaling <em>$3 trillion<\/em>. With the budget deficit near record levels, an additional increase in the debt limit almost certainly will be required next year.<\/p><\/blockquote>\n<p>Eep.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Instead of fiscal responsibility- which it&#8217;s a little late for, now &#8211; the current administration in the U.S. continues to spend like anyone with 18-gazillion credit cards would. I guess it&#8217;s understandable, because their personal fortunes aren&#8217;t affected, and most likely they&#8217;re all off the hook in two and a half years, anyways. Ever wonder [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-430","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/kev.needham.ca\/index.php\/wp-json\/wp\/v2\/posts\/430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kev.needham.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kev.needham.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kev.needham.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kev.needham.ca\/index.php\/wp-json\/wp\/v2\/comments?post=430"}],"version-history":[{"count":0,"href":"https:\/\/kev.needham.ca\/index.php\/wp-json\/wp\/v2\/posts\/430\/revisions"}],"wp:attachment":[{"href":"https:\/\/kev.needham.ca\/index.php\/wp-json\/wp\/v2\/media?parent=430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kev.needham.ca\/index.php\/wp-json\/wp\/v2\/categories?post=430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kev.needham.ca\/index.php\/wp-json\/wp\/v2\/tags?post=430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}