{"id":32025,"date":"2012-04-17T19:02:03","date_gmt":"2012-04-17T19:02:03","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/ibd_debt_goes_from_economic_helium_to_recovery_millstone\/"},"modified":"2012-04-17T19:02:03","modified_gmt":"2012-04-17T19:02:03","slug":"ibd_debt_goes_from_economic_helium_to_recovery_millstone","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=32025","title":{"rendered":"(IBD) Debt Goes From Economic Helium To Recovery Millstone"},"content":{"rendered":"<p>The current economic recovery is more of an uphill slog than any other since World War II for a simple reason: lots more debt.<\/p>\n<p>Record-high debt levels are giving this recovery no chance to exhale. As soon as the economy climbs one hill, another ascent begins.<\/p>\n<p>Combined U.S. household debt and government debt added up to more than $30 trillion, or 200% of GDP, at the end of 2011.<br \/>That&#8217;s $155,000 per working-age (18-64) adult. By that measure, debt was 50% higher in real terms at the start of this recovery than in 2001. Compared to the 1991 and 1982 recoveries, debt was, respectively, 88% and 230% higher.<\/p>\n<p><a href=\"http:\/\/news.investors.com\/article\/607897\/201204161642\/debt-levels-slowing-us-economic-growth.htm\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The current economic recovery is more of an uphill slog than any other since World War II for a simple reason: lots more debt. Record-high debt levels are giving this recovery no chance to exhale. As soon as the economy<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=32025\">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":[39,40,670,582,589,149,133,585,596,669,584],"tags":[],"class_list":["post-32025","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-budget","category-consumerconsumer-spending","category-corporationscorporate-life","category-economy","category-history","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\/32025","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=32025"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/32025\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}