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Not sure if this has been posted yet. Nice summary of the debt limit.
1 posted on 12/26/2011 5:12:37 PM PST by dc27
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To: dc27

The only candidate who seems to understand your video, is Ron Paul.................. and unfortunately just about everyone here doesn’t like Ron Paul...............so....


2 posted on 12/26/2011 5:18:28 PM PST by CGalen
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To: dc27

Here is why S&P downgraded the US credit rating.

• U.S. Tax revenue: $2,170,000,000,000

• Fed budget: $3,820,000,000,000

• New debt: $ 1,650,000,000,000

• National debt: $14,271,000,000,000

• Recent budget cut: $ 38,500,000,000

Now let’s remove 8 zeros and pretend it’s a household budget.

• Annual family income: $21,700

• Money the family spent: $38,200

• New debt on the credit card: $16,500

• Outstanding balance on the credit card: $142,710

• Total budget cuts: $385


3 posted on 12/26/2011 5:23:17 PM PST by Freedom4US
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To: dc27
www.usdebtclock.org

It's really scary...
5 posted on 12/26/2011 5:27:24 PM PST by PushinTin (Politicians are like diapers, the need to be changed often and for the same reason...)
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To: dc27
The Debt Ceiling Explained 

Democrats want to raise THE DEBT CEILING.
Republicans sort of understand THE DEBT CEILING.
Liberals don't understand THE DEBT CEILING.
Neocons don't understand THE DEBT CEILING. 

Here is an explanation:
Let's say, you come home from work and find there has been a sewer backup in your neighborhood. Your home has sewage all the way up to your ceilings. What do you think you should do? Raise the ceilings or pump out the sh!t?

Your choice is coming next November. Don't miss the opportunity.

Good Hunting... from Varmint Al

10 posted on 12/26/2011 6:00:42 PM PST by Varmint Al
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To: dc27

Very good video.


11 posted on 12/26/2011 6:14:04 PM PST by Vince Ferrer
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