{"id":27612,"date":"2011-08-02T17:46:50","date_gmt":"2011-08-02T17:46:50","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/bill_gross-america_has_66_trillion_of_future_liabilities\/"},"modified":"2011-08-02T17:46:50","modified_gmt":"2011-08-02T17:46:50","slug":"bill_gross-america_has_66_trillion_of_future_liabilities","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=27612","title":{"rendered":"Bill Gross&#8211;America has 66 trillion of future liabilities"},"content":{"rendered":"<p>&#8211;\u201d\u2039Nothing in the Congressional compromise reached over the weekend makes a significant dent in our $1.5 trillion deficit.<br \/>\n&#8211;In addition to an existing nearly $10 trillion of outstanding Treasury debt, the U.S. has a near unfathomable $66 trillion of future liabilities at \u201cnet present cost.\u201d\u009d<br \/>\n&#8211;Aside from outright default, there are numerous ways a government can reduce its future liabilities. They include balancing the budget, unexpected inflation, currency depreciation and financial repression.<\/p>\n<p><a href=\"http:\/\/www.pimco.com\/EN\/Insights\/Pages\/Kings-of-the-Wild-Frontier.aspx\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8211;\u201d\u2039Nothing in the Congressional compromise reached over the weekend makes a significant dent in our $1.5 trillion deficit. &#8211;In addition to an existing nearly $10 trillion of outstanding Treasury debt, the U.S. has a near unfathomable $66 trillion of future<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=27612\">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":[39,40,50,103,209,670,149,104,617,675,616,151,667,618,673,669,584],"tags":[],"class_list":["post-27612","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-international-news-commentary","category-aging-the-elderly","category-americau-s-a","category-budget","category-economy","category-health-medicine","category-house-of-representatives","category-medicare","category-office-of-the-president","category-politics-in-general","category-president-barack-obama","category-senate","category-social-security","category-the-national-deficit","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/27612","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=27612"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/27612\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}