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DEBT LIMIT - A GUIDE TO AMERICAN FEDERAL DEBT MADE EASY.
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| debtlimitusa
Posted on 12/26/2011 5:12:30 PM PST by dc27
Explanation of the debt limit
http://www.youtube.com/watch?v=Li0no7O9zmE
TOPICS: Humor
KEYWORDS: bondcollapse; debtlimit; default; dollarcollapse; economy
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
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
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
To: CGalen
These are the actual gov’t figures (minus a few zero’s) Excellent parody!
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...)
To: CGalen
Well RP IS a lunatic, so it kind of follows.
To: Larry Lucido
“Well RP IS a lunatic, so it kind of follows”
Geeeez!
Interesting.
The only candidate who is not insane about federal spending, and you call him a lunatic.
7
posted on
12/26/2011 5:34:11 PM PST
by
CGalen
To: PushinTin
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.
To: cableguymn
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.
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
To: dc27
To: Freedom4US
Bookmarked! Thanks for printing out the text from the video!
12
posted on
12/26/2011 9:21:38 PM PST
by
Graewoulf
(( obama"care" violates the 1890 Sherman Anti-Trust Law, AND is illegal by the U.S. Constitution.))
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