{"id":271,"date":"2012-03-02T11:37:00","date_gmt":"2012-03-02T15:37:00","guid":{"rendered":"http:\/\/blog.cmhughesmd.com\/?p=271"},"modified":"2012-03-02T11:37:00","modified_gmt":"2012-03-02T15:37:00","slug":"3-economic-misconceptions-that-need-to-die-dailyfinance","status":"publish","type":"post","link":"http:\/\/blog.cmhughesmd.com\/?p=271","title":{"rendered":"3 Economic Misconceptions That Need to Die &#8211; DailyFinance"},"content":{"rendered":"<p><a href=\"http:\/\/www.dailyfinance.com\/2012\/02\/13\/3-economic-misconceptions-that-need-to-die\/?a_dgi=aolshare_twitter&amp;ncid=webmail6&amp;a_dgi=aolshare_facebook\">3 Economic Misconceptions That Need to Die &#8211; DailyFinance<\/a>:<\/p>\n<blockquote><p>3 Economic Misconceptions That Need to Die<\/p>\n<div><strong>Misconception No. 1: Most of what Americans spend their money on is made in China.<br \/><\/strong><\/div>\n<p> <strong><br \/>Fact: Just 2.7% of personal consumption expenditures go to Chinese-made  goods and services. 88.5% of U.S. consumer spending is on American-made  goods and services.<\/p>\n<p><\/strong><strong>Misconception No. 2: We owe most of our debt to China.<br \/><\/strong> <strong><br \/>Fact: China owns 7.6% of U.S. government debt outstanding.<\/p>\n<p><\/strong><strong>Misconception No. 3: We get most of our oil from the Middle East.<\/p>\n<p><\/strong> <\/p>\n<div><strong>Fact: Just 9.8% of oil consumed in the U.S. comes from the Middle East.<\/strong><\/div>\n<\/blockquote>\n<div><strong><\/strong><\/div>\n<p><span style=\"font-style: italic;\">You can follow the link for the details and explanations&#8230;<\/span><\/p>\n<p>&#8211; Sent using Google Toolbar<\/p>\n","protected":false},"excerpt":{"rendered":"<p>3 Economic Misconceptions That Need to Die &#8211; DailyFinance: 3 Economic Misconceptions That Need to Die Misconception No. 1: Most of what Americans spend their money on is made in &hellip; <a href=\"http:\/\/blog.cmhughesmd.com\/?p=271\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;3 Economic Misconceptions That Need to Die &#8211; DailyFinance&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-271","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=\/wp\/v2\/posts\/271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=271"}],"version-history":[{"count":0,"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=\/wp\/v2\/posts\/271\/revisions"}],"wp:attachment":[{"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=271"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}