{"id":11452,"date":"2012-01-09T16:32:37","date_gmt":"2012-01-09T21:32:37","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=11452"},"modified":"2012-01-09T16:32:37","modified_gmt":"2012-01-09T21:32:37","slug":"why-we-need-to-stop-runaway-spending","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=11452","title":{"rendered":"Why We Need To Stop Runaway Spending"},"content":{"rendered":"<p><a href=\"http:\/\/www.usatoday.com\/news\/washington\/story\/2012-01-08\/debt-equals-economy\/52460208\/1\">USA Today<\/a>\u00a0posted a story today that the U. S. National Debt is now equal to all goods and services produced by the entire U. S. economy in one year.<\/p>\n<p>The article reports:<\/p>\n<p style=\"padding-left: 30px;\"><strong>The amount of money the federal government owes to its creditors, combined with IOUs to government retirement and other programs, now tops $15.23 trillion.<\/strong><\/p>\n<p>The article includes a graph:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" title=\"nationaldebtpicture\" src=\"https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2012\/01\/nationaldebtpicture.jpg\" alt=\"\" width=\"227\" height=\"193\" \/><\/p>\n<p>The\u00a0graph shows how rapidly the national debt has risen in recent years.<\/p>\n<p>The article concludes:<\/p>\n<p style=\"padding-left: 30px;\"><strong>The <a title=\"More news, photos about White House\" href=\"http:\/\/content.usatoday.com\/topics\/topic\/Places,+Geography\/Landmarks,+Landforms\/White+House\">White House<\/a> and Congress agreed in August to cut about $1 trillion from federal agencies over 10 years. An additional $1.2 trillion in automatic spending cuts looms beginning next year if lawmakers can&#8217;t agree on a better way to do it.<\/strong><\/p>\n<p style=\"padding-left: 30px;\"><strong>Economist Mark Zandi of Moody&#8217;s Analytics says reaching the 100% mark shows &#8220;the grave need to address our long-term fiscal problems.&#8221;<\/strong><\/p>\n<p>We need to elect people in November who will stop the runaway spending.<\/p>\n<p style=\"padding-left: 30px;\">\u00a0\u00a0<\/p>\n<div class=\"zemanta-pixie\" style=\"margin-top: 10px; height: 15px;\"><a class=\"zemanta-pixie-a\" title=\"Enhanced by Zemanta\" href=\"http:\/\/www.zemanta.com\/\"><img decoding=\"async\" class=\"zemanta-pixie-img\" style=\"float: right; border-style: none;\" src=\"http:\/\/img.zemanta.com\/zemified_e.png?x-id=0a3136bf-631b-4751-a7ac-ea63138fb7de\" alt=\"Enhanced by Zemanta\" \/><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>USA Today\u00a0posted a story today that the U. S. National Debt is now equal to all goods and services produced by the entire U. S. economy in one year. The article reports: The amount of money the federal government owes &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=11452\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[388,172,1769,1768,285,211],"class_list":["post-11452","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-government-debt","tag-government-spending","tag-iou","tag-mark-zandi","tag-united-states","tag-white-house"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/11452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11452"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/11452\/revisions"}],"predecessor-version":[{"id":11456,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/11452\/revisions\/11456"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}