{"id":11473,"date":"2009-02-26T23:18:11","date_gmt":"2009-02-26T23:18:11","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/obama_budget_plan_forecasts_175_trillion_deficit\/"},"modified":"2009-02-26T23:18:11","modified_gmt":"2009-02-26T23:18:11","slug":"obama_budget_plan_forecasts_175_trillion_deficit","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=11473","title":{"rendered":"Obama budget plan forecasts $1.75 trillion deficit"},"content":{"rendered":"<p>President Barack Obama forecast the biggest U.S. deficit since World War Two in a budget on Thursday that urges a costly overhaul of the healthcare system and would spend billions to arrest the economy&#8217;s freefall.<\/p>\n<p>An eye-popping $1.75 trillion deficit for the 2009 fiscal year is projected in Obama&#8217;s first budget. That is equal to 12.3 percent of U.S. gross domestic product &#8212; the largest share since 1945 when the country ran a shortfall of 21.5 percent of GDP.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/businessNews\/idUSTRE51O6JA20090226?feedType=RSS&#038;feedName=businessNews&#038;rpc=23&#038;sp=true\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Barack Obama forecast the biggest U.S. deficit since World War Two in a budget on Thursday that urges a costly overhaul of the healthcare system and would spend billions to arrest the economy&#8217;s freefall. An eye-popping $1.75 trillion deficit<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=11473\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,616,151,667,583,586,596,601,669,598,584],"tags":[],"class_list":["post-11473","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-office-of-the-president","category-politics-in-general","category-president-barack-obama","category-the-2009-obama-administration-bank-bailout-plan","category-the-2009-obama-administration-housing-amelioration-plan","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-fiscal-stimulus-package-of-2009","category-the-national-deficit","category-the-possibility-of-a-bailout-for-the-u-s-auto-industry","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11473"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11473\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}