{"id":8237,"date":"2010-10-18T06:57:06","date_gmt":"2010-10-18T11:57:06","guid":{"rendered":"http:\/\/brianjnoggle.com\/blog\/?p=8237"},"modified":"2010-10-19T09:18:22","modified_gmt":"2010-10-19T14:18:22","slug":"pushing-the-back-of-the-envelope","status":"publish","type":"post","link":"https:\/\/brianjnoggle.com\/blog\/2010\/10\/18\/pushing-the-back-of-the-envelope\/","title":{"rendered":"Pushing the Back of the Envelope"},"content":{"rendered":"<p>With an annual deficit of $1,000,000,000,000, the government pretends that it will someday have 10 years of $100,000,000,000 surplus to pay the loan back.  A government debt of $15,000,000,000,000 requires 150 years of $100,000,000,000 (one hundred billion dollars) of government surpluses to pay off the principles, and <em>this does not include the interest on the debt<\/em>.<\/p>\n<p>In the Internet bubble years of the Clinton year and the first two years of the 21st century, we had 3 years of $100,000,000,000 surplus (and a fourth surplus less that $100,000,000,000).<\/p>\n<p>The government knows at this time that it will never pay that money back, which is why the throttle is full open.  It&#8217;s $1,000,000,000,000 in borrowing today, because sometime the rest of the world will change the revolving credit not in the United States&#8217; favor.<\/p>\n<p>(<a href=\"http:\/\/www.usgovernmentspending.com\/downchart_gs.php?year=1990_2010&#038;view=1&#038;expand=&#038;units=b&#038;fy=fy11&#038;chart=G0-fed&#038;bar=0&#038;stack=1&#038;size=m&#038;title=US\" target=\"_blank\">Data source<\/a>.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With an annual deficit of $1,000,000,000,000, the government pretends that it will someday have 10 years of $100,000,000,000 surplus to pay the loan back. A government debt of $15,000,000,000,000 requires 150 years of $100,000,000,000 (one hundred billion dollars) of government surpluses to pay off the principles, and this does not include the interest on the [&hellip;]<\/p>\n","protected":false},"author":3334,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-8237","post","type-post","status-publish","format-standard","hentry","category-federal-government"],"_links":{"self":[{"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/posts\/8237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/users\/3334"}],"replies":[{"embeddable":true,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/comments?post=8237"}],"version-history":[{"count":4,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/posts\/8237\/revisions"}],"predecessor-version":[{"id":8253,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/posts\/8237\/revisions\/8253"}],"wp:attachment":[{"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/media?parent=8237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/categories?post=8237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/tags?post=8237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}