Skip to comments.DEBT LIMIT - A GUIDE TO AMERICAN FEDERAL DEBT MADE EASY.
Posted on 12/26/2011 5:12:30 PM PST by dc27
Explanation of the debt limit
The only candidate who seems to understand your video, is Ron Paul.................. and unfortunately just about everyone here doesn’t like Ron Paul...............so....
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 lets remove 8 zeros and pretend its 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
These are the actual gov’t figures (minus a few zero’s) Excellent parody!
Well RP IS a lunatic, so it kind of follows.
“Well RP IS a lunatic, so it kind of follows”
The only candidate who is not insane about federal spending, and you call him a lunatic.
The ONLY reason our ship has not sunk is that they are plugging the holes with freshly printed dollars and even though it’s on it’s hands and knees our economy refuses to die.
The dollar is the world’s “reserve currency”. That’s why.
Not many Americans understand what this means. They will understand profoundly, when this is no longer the case.
At that point they will clamor, no, beg, for government to “do something” of course.
Good Hunting... from Varmint Al
Very good video.
Bookmarked! Thanks for printing out the text from the video!
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