{"id":6763,"date":"2011-07-18T21:47:13","date_gmt":"2011-07-19T02:47:13","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=6763"},"modified":"2011-07-18T21:51:07","modified_gmt":"2011-07-19T02:51:07","slug":"debt-ceiling-debate-turns-scary","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2011\/07\/18\/debt-ceiling-debate-turns-scary\/","title":{"rendered":"Debt ceiling debate turns &#8216;scary&#8217;"},"content":{"rendered":"<p>Politico has an article\u00a0 <a title=\"Politico article\" href=\"http:\/\/www.politico.com\/news\/stories\/0711\/59319.html\" target=\"_blank\"><strong>Debt ceiling debate turns &#8216;scary&#8217;<\/strong><\/a>.\u00a0 Here are a few quotes from the article.<\/p>\n<blockquote><p>President Obama has threatened to veto House Republicans&#8217; debt plan.<\/p>\n<p>&#8230;<\/p>\n<p>Washington\u2019s frayed nerves showed through Monday amid tough talk on the right, a White House veto threat, canceled weekend passes and the top Senate Democrat likening default to a \u201cvery, very scary\u201d outcome even for those \u201cwho believe government should be small enough to drown in a bathtub.\u201d<\/p><\/blockquote>\n<p>Finally we get to the word veto.\u00a0 It is about time.<\/p>\n<p>To let you know how serious I take this, here is an investment change I made today.\u00a0 I had a variable annuity that has been invested in an investment grade bond fund.\u00a0 It is my only investment in bonds. I have been thinking for a long time that I ought to turn it into an income producing annuity.\u00a0 The application papers to do this are on the way to me for signature.\u00a0 In the mean time, I locked in the value of the investment today by exchanging the bond fund for a money market fund in the variable annuity.\u00a0 By the end of the week this money will be invested in a fixed income annuity.\u00a0 Decisions like this are what drive bond prices down (and bond yields up).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Politico has an article\u00a0 Debt ceiling debate turns &#8216;scary&#8217;.\u00a0 Here are a few quotes from the article. President Obama has threatened to veto House Republicans&#8217; debt plan. &#8230; Washington\u2019s frayed nerves showed through Monday amid tough talk on the right, a White House veto threat, canceled weekend passes and the top Senate Democrat likening default [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-6763","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/6763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=6763"}],"version-history":[{"count":2,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/6763\/revisions"}],"predecessor-version":[{"id":6765,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/6763\/revisions\/6765"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=6763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=6763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=6763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}