{"id":7277,"date":"2008-07-18T14:01:01","date_gmt":"2008-07-18T14:01:01","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/concern_grows_over_a_fiscal_crisis_for_us\/"},"modified":"2008-07-18T14:01:01","modified_gmt":"2008-07-18T14:01:01","slug":"concern_grows_over_a_fiscal_crisis_for_us","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=7277","title":{"rendered":"Concern grows over a fiscal crisis for U.S."},"content":{"rendered":"<p>As the Bush administration proposes backstopping mortgage giants Fannie Mae and Freddie Mac with a $300 billion line of credit and Congress contemplates another economic stimulus, the question is who will bail out the government?<\/p>\n<p>&#8220;People seem to think the government has money,&#8221; said former U.S. Comptroller General David Walker. &#8220;The government doesn&#8217;t have any money.&#8221;<\/p>\n<p>A rare consensus has developed across the political spectrum that the government&#8217;s own fiscal affairs are precarious, with an astonishing $53 trillion in long-term liabilities, according to the Government Accountability Office.<\/p>\n<p><a href=\"http:\/\/www.sfgate.com\/cgi-bin\/article.cgi?f=\/c\/a\/2008\/07\/16\/MN8Q11OT2M.DTL\">Read it carefully and read it all<\/a>.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the Bush administration proposes backstopping mortgage giants Fannie Mae and Freddie Mac with a $300 billion line of credit and Congress contemplates another economic stimulus, the question is who will bail out the government? &#8220;People seem to think the<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=7277\">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":[40,149,151],"tags":[],"class_list":["post-7277","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-politics-in-general"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/7277","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=7277"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/7277\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}