{"id":4707,"date":"2011-08-01T08:50:32","date_gmt":"2011-08-01T12:50:32","guid":{"rendered":"http:\/\/blog.beliefnet.com\/news\/?p=4707"},"modified":"2011-07-29T20:45:58","modified_gmt":"2011-07-30T00:45:58","slug":"daily-ticker-middle-class-facing-austerity-as-u-s-government-deals-with-debt-crisis","status":"publish","type":"post","link":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/08\/daily-ticker-middle-class-facing-austerity-as-u-s-government-deals-with-debt-crisis","title":{"rendered":"Daily Ticker: Middle class facing austerity as U.S. government deals with debt crisis"},"content":{"rendered":"<p>The world is coming to the end of a 50-year debt supercycle, John Mauldin says, and the austerity required to put us back on solid financial footing will hammer ordinary Americans.<\/p>\n<p>Mauldin, a financial analyst and the author of <em>ENDGAME: The End Of The Debt Supercycle And How It Changes Everything,<\/em> thinks that the the US will soon be forced to confront the fact that it has borrowed way too much in the past few decades and must severely cut back.<\/p>\n<p>The U.S.&#8217;s $1.6 trillion-a-year deficit, Mauldin believes, must quickly be cut to about $300 billion a year, or the U.S. will face a debt crisis. And given that our current government can barely find ways to chop $30 billion of spending from the 2011 budget, these cuts are going to be painful.<\/p>\n<p>What will the forced austerity mean for ordinary Americans?<\/p>\n<p style=\"text-align: center;\"><strong><a href=\"http:\/\/finance.yahoo.com\/blogs\/daily-ticker\/debt-binge-ending-middle-class-clobbered-20110405-094510-405.html\" target=\"_blank\">CLICK HERE to read more<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world is coming to the end of a 50-year debt supercycle, John Mauldin says, and the austerity required to put us back on solid financial footing will hammer ordinary Americans. Mauldin, a financial analyst and the author of ENDGAME: The End Of The Debt Supercycle And How It Changes Everything, thinks that the the&hellip;<\/p>\n","protected":false},"author":270,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fbia_status":"","footnotes":""},"categories":[8],"tags":[1211,2201],"class_list":["post-4707","post","type-post","status-publish","format-standard","hentry","category-news","tag-austerity","tag-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Ticker: Middle class facing austerity as U.S. government deals with debt crisis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/08\/daily-ticker-middle-class-facing-austerity-as-u-s-government-deals-with-debt-crisis\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Ticker: Middle class facing austerity as U.S. government deals with debt crisis\" \/>\n<meta property=\"og:description\" content=\"The world is coming to the end of a 50-year debt supercycle, John Mauldin says, and the austerity required to put us back on solid financial footing will hammer ordinary Americans. Mauldin, a financial analyst and the author of ENDGAME: The End Of The Debt Supercycle And How It Changes Everything, thinks that the the&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/08\/daily-ticker-middle-class-facing-austerity-as-u-s-government-deals-with-debt-crisis\" \/>\n<meta property=\"og:site_name\" content=\"Beliefnet News\" \/>\n<meta property=\"article:published_time\" content=\"2011-08-01T12:50:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2011-07-30T00:45:58+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Daily Ticker: Middle class facing austerity as U.S. government deals with debt crisis","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/08\/daily-ticker-middle-class-facing-austerity-as-u-s-government-deals-with-debt-crisis","og_locale":"en_US","og_type":"article","og_title":"Daily Ticker: Middle class facing austerity as U.S. government deals with debt crisis","og_description":"The world is coming to the end of a 50-year debt supercycle, John Mauldin says, and the austerity required to put us back on solid financial footing will hammer ordinary Americans. Mauldin, a financial analyst and the author of ENDGAME: The End Of The Debt Supercycle And How It Changes Everything, thinks that the the&hellip;","og_url":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/08\/daily-ticker-middle-class-facing-austerity-as-u-s-government-deals-with-debt-crisis","og_site_name":"Beliefnet News","article_published_time":"2011-08-01T12:50:32+00:00","article_modified_time":"2011-07-30T00:45:58+00:00","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/08\/daily-ticker-middle-class-facing-austerity-as-u-s-government-deals-with-debt-crisis","url":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/08\/daily-ticker-middle-class-facing-austerity-as-u-s-government-deals-with-debt-crisis","name":"Daily Ticker: Middle class facing austerity as U.S. government deals with debt crisis","isPartOf":{"@id":"https:\/\/www.beliefnet.com\/columnists\/news\/#website"},"datePublished":"2011-08-01T12:50:32+00:00","dateModified":"2011-07-30T00:45:58+00:00","author":{"@id":""},"breadcrumb":{"@id":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/08\/daily-ticker-middle-class-facing-austerity-as-u-s-government-deals-with-debt-crisis#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.beliefnet.com\/columnists\/news\/2011\/08\/daily-ticker-middle-class-facing-austerity-as-u-s-government-deals-with-debt-crisis"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/08\/daily-ticker-middle-class-facing-austerity-as-u-s-government-deals-with-debt-crisis#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.beliefnet.com\/columnists\/news"},{"@type":"ListItem","position":2,"name":"Daily Ticker: Middle class facing austerity as U.S. government deals with debt crisis"}]},{"@type":"WebSite","@id":"https:\/\/www.beliefnet.com\/columnists\/news\/#website","url":"https:\/\/www.beliefnet.com\/columnists\/news\/","name":"Beliefnet News","description":"Top Religious News From Around the World","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.beliefnet.com\/columnists\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"","url":"https:\/\/www.beliefnet.com\/columnists\/news\/author"}]}},"_links":{"self":[{"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/posts\/4707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/users\/270"}],"replies":[{"embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/comments?post=4707"}],"version-history":[{"count":6,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/posts\/4707\/revisions"}],"predecessor-version":[{"id":5126,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/posts\/4707\/revisions\/5126"}],"wp:attachment":[{"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/media?parent=4707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/categories?post=4707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/tags?post=4707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}