{"id":122,"date":"2004-11-19T12:16:14","date_gmt":"2004-11-19T16:16:14","guid":{"rendered":"http:\/\/www.folsoms.net\/wordpress\/?p=122"},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"spending","status":"publish","type":"post","link":"http:\/\/www.folsoms.net\/wordpress\/?p=122","title":{"rendered":"Spending"},"content":{"rendered":"<p><a href=\"http:\/\/www.cnn.com\/2004\/ALLPOLITICS\/11\/19\/congress.spending.debt.ap\/index.html\">From CNN<\/a>:<\/p>\n<div style=\"margin-left:40px; margin-right:40px\"><i>WASHINGTON (AP) &#8212; Congress sent President Bush an $800 billion boost in the federal borrowing limit on Thursday, spotlighting how the budget has lurched out of control in recent years and how hard it will be to afford future initiatives.<\/p>\n<p>&#8230;<\/p>\n<p>With the government facing imminent default because it has depleted its authority to borrow money, the debt limit bill would pump up the federal borrowing cap to $8.18 trillion. That is 70 percent the size of the entire U.S. economy, and more than $2.4 trillion higher than the debt Bush inherited upon taking office in 2001.<\/i><\/div>\n<p><\/p>\n<div style=\"margin-left:5px; margin-right:5px\">Wasn&#8217;t the Republican party supposed to be the champion of fiscal conservatism?  Unfortunately, those who lend money tend to want it back later, so get your checkbooks ready, boys and girls, we&#8217;re going to be paying for this for decades to come.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>From CNN: WASHINGTON (AP) &#8212; Congress sent President Bush an $800 billion boost in the federal borrowing limit on Thursday, spotlighting how the budget has lurched out of control in recent years and how hard it will be to afford future initiatives. &#8230; With the government facing imminent default because it has depleted its authority [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-122","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/www.folsoms.net\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.folsoms.net\/wordpress\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.folsoms.net\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.folsoms.net\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.folsoms.net\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=122"}],"version-history":[{"count":0,"href":"http:\/\/www.folsoms.net\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/122\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.folsoms.net\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.folsoms.net\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=122"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.folsoms.net\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}