{"id":228173,"date":"2020-09-28T12:36:20","date_gmt":"2020-09-28T04:36:20","guid":{"rendered":"https:\/\/magicalbits.net\/?p=228173"},"modified":"2020-09-28T12:36:20","modified_gmt":"2020-09-28T04:36:20","slug":"we-have-crossed-the-line-debt-hawks-warned-us-about-for-decades","status":"publish","type":"post","link":"https:\/\/magicalbits.net\/?p=228173","title":{"rendered":"We Have Crossed the Line Debt Hawks Warned Us About for Decades"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/static01.nyt.com\/images\/2020\/08\/21\/business\/merlin_150696396_f515de1f-3a8f-45e6-bb6e-856b235cb1fc\/merlin_150696396_f515de1f-3a8f-45e6-bb6e-856b235cb1fc-articleLarge.jpg?quality=75&#038;auto=webp&#038;disable=upscale\"><\/p>\n<p>The debt of the United States now exceeds the size of its gross domestic product. That was considered a doomsday scenario that would wreck the economy. So far, that hasn\u2019t happened. Economists and deficit hawks have warned for decades that the United States was borrowing too much money.<\/p>\n<p><a href=\"https:\/\/www.nytimes.com\/2020\/08\/21\/business\/economy\/national-debt-coronavirus-stimulus.html\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The debt of the United States now exceeds the size of its gross domestic product. That was considered a doomsday scenario that would wreck the economy. So far, that hasn\u2019t happened. Economists and deficit hawks have warned for decades that the United States was borrowing too much money. Read more<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[72,54],"class_list":["post-228173","post","type-post","status-publish","format-standard","hentry","category-uncategorised","tag-macro","tag-pocket"],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/magicalbits.net\/index.php?rest_route=\/wp\/v2\/posts\/228173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magicalbits.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magicalbits.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magicalbits.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magicalbits.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=228173"}],"version-history":[{"count":1,"href":"https:\/\/magicalbits.net\/index.php?rest_route=\/wp\/v2\/posts\/228173\/revisions"}],"predecessor-version":[{"id":228174,"href":"https:\/\/magicalbits.net\/index.php?rest_route=\/wp\/v2\/posts\/228173\/revisions\/228174"}],"wp:attachment":[{"href":"https:\/\/magicalbits.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=228173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magicalbits.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=228173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magicalbits.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=228173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}