{"id":31252,"date":"2012-03-08T19:02:43","date_gmt":"2012-03-08T19:02:43","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/cbo_soaring_u-s-_debt_will_soon_hurt_economic_growth\/"},"modified":"2012-03-08T19:02:43","modified_gmt":"2012-03-08T19:02:43","slug":"cbo_soaring_u-s-_debt_will_soon_hurt_economic_growth","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=31252","title":{"rendered":"(IBD) CBO: Soaring U.S. Debt Will Soon Hurt Economic Growth"},"content":{"rendered":"<p>The agency&#8217;s 2011 long-term budget outlook showed that federal debt would begin to hurt the economy once it reaches about 77% of GDP. CBO&#8217;s January budget and economic outlook estimated that it will hit that level in 2013 under its high-debt scenario that is based largely on current policy.<\/p>\n<p>&#8220;CBO expects that the large government deficits during the recession and afterward will raise the cost of capital in the future . . . constraining investment,&#8221; the nonpartisan scorekeeper wrote in its January budget and economic outlook.<\/p>\n<p>Initially, the impact would be minimal, but it would grow over time as debt levels increase.<\/p>\n<p><a href=\"http:\/\/news.investors.com\/article\/603531\/201203071711\/us-debt-levels-to-hurt-economy.htm\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The agency&#8217;s 2011 long-term budget outlook showed that federal debt would begin to hurt the economy once it reaches about 77% of GDP. CBO&#8217;s January budget and economic outlook estimated that it will hit that level in 2013 under its<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=31252\">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":[39,40,670,582,589,595,592,149,119,133,617,675,616,151,618,673,585,596,669,584],"tags":[],"class_list":["post-31252","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-budget","category-consumerconsumer-spending","category-corporationscorporate-life","category-credit-markets","category-currency-markets","category-economy","category-globalization","category-history","category-house-of-representatives","category-medicare","category-office-of-the-president","category-politics-in-general","category-senate","category-social-security","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-national-deficit","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/31252","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=31252"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/31252\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}