{"id":2447655,"date":"2019-08-17T00:00:00","date_gmt":"2019-08-17T06:00:00","guid":{"rendered":"https:\/\/www.aspentimes.com\/?p=311353"},"modified":"2019-08-19T10:33:13","modified_gmt":"2019-08-19T16:33:13","slug":"debt-rising-under-trump-gop","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kspn\/local-news\/debt-rising-under-trump-gop\/","title":{"rendered":"Debt rising under Trump, GOP"},"content":{"rendered":"<p class=\"STND-STND BodyText\">We are experiencing fiscal insanity. Donald Trump and Congress approved a two-year budget increasing our $21 trillion debt by $320 billion. The Federal Reserve chair in 1980, Paul Volcker, said a $500 million increase in our national debt will cause interest rates to go up 1%. Volcker exceeded that and by 1982, the prime rate went to 21% and mortgage rates to 17%<\/p>\n<p class=\"STND-STND BodyText\">Are we going down that path again? What happened to the Republicans who were against increasing our national debt? I\u2019ll tell you, they don\u2019t care because they are personally making a great deal of money thanks to lower taxes. They \u201cfeathered\u201d their own nest. Also their lobbyists are putting them into profitable stock deals.<\/p>\n<p class=\"STND-STND BodyText\">The fox is in the henhouse. Guess who pays?<\/p>\n<p class=\"STND-STND Letter Name\">Richard Goodwin<\/p>\n<p class=\"STND-STND Letter Title\">Snowmass Village<\/p>\n<p><a href=\"https:\/\/www.aspentimes.com\/opinion\/letters-to-the-editor\/debt-rising-under-trump-gop\/\" target=\"_blank\" rel=\"noopener noreferrer\">via:: The Aspen Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We are experiencing fiscal insanity. Donald Trump and Congress approved a two-year budget increasing our $21 trillion debt by $320 billion. The Federal Reserve chair in 1980, Paul Volcker, said a $500 million increase in our national debt will cause interest rates to go up 1%. Volcker exceeded that and by 1982, the prime rate [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-2447655","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-local-news"},"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-06-25 05:54:50","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KSPN The Valley&#039;s Quality Rock","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/kspn","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts\/2447655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/comments?post=2447655"}],"version-history":[{"count":1,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts\/2447655\/revisions"}],"predecessor-version":[{"id":2447712,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts\/2447655\/revisions\/2447712"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/media?parent=2447655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/categories?post=2447655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/tags?post=2447655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}