{"id":1349,"date":"2010-03-27T18:35:16","date_gmt":"2010-03-27T22:35:16","guid":{"rendered":"https:\/\/officiallyscrewed.com\/blog\/?p=1349"},"modified":"2010-03-27T18:35:16","modified_gmt":"2010-03-27T22:35:16","slug":"my-dedication-to-earth-hour-drill-baby-drill","status":"publish","type":"post","link":"https:\/\/officiallyscrewed.com\/?p=1349","title":{"rendered":"My Dedication To Earth Hour &#8211; U.S. Should Drill Baby Drill And Fix Debt To GDP Ratio"},"content":{"rendered":"<p>Fiscal prudence has gone <a href=\"http:\/\/www.washingtontimes.com\/news\/2010\/mar\/26\/cbos-2020-vision-debt-will-rise-to-90-of-gdp\/\" target=\"_blank\">out the window<\/a> south of the border.<\/p>\n<blockquote><p>President Obama&#8217;s fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation&#8217;s economic output by 2020, the Congressional Budget Office reported Thursday.<\/p><\/blockquote>\n<p>Meanwhile <a href=\"http:\/\/www.cbc.ca\/money\/taxseason\/story\/2010\/02\/17\/f-debt-gdp-budget.html\" target=\"_blank\">back at home in Canada<\/a> as recent as a month ago&#8230;<\/p>\n<blockquote><p>&#8220;Canada&#8217;s net debt-to-GDP ratio is the lowest in the G7 economies,&#8221; said Scotiabank president and chief executive officer Rick Waugh back in February 2009. &#8220;Even with the Canadian government\u2019s recently announced stimulus package taken into account, the net debt to GDP will remain under 30 per cent.&#8221;<\/p><\/blockquote>\n<p>With the price of oil heading north, a quick fix for the devaluation of the American dollar is to drill baby drill.<\/p>\n<p>I&#8217;m just saying&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fiscal prudence has gone out the window south of the border. President Obama&#8217;s fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation&#8217;s economic output by 2020, the Congressional Budget [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[7,19,39,51,52],"tags":[],"class_list":["post-1349","post","type-post","status-publish","format-standard","hentry","category-business","category-environment","category-numbers-dont-lie","category-politics-american","category-politics-federal"],"_links":{"self":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/posts\/1349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1349"}],"version-history":[{"count":0,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/posts\/1349\/revisions"}],"wp:attachment":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}