Posted on 04/23/2012 3:01:31 PM PDT by MindBender26
Here is a great lesson on U.S. finances.
Lesson # 1:
* 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 cuts: $ 38,500,000,000
Let's now 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
Got It ?????
OK now:
Lesson # 2:
Here's another way to look at the Debt Ceiling:
You come home from work and find there has been a sewer backup in your neighborhood....
and 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 crap?
Your choice is coming Nov. 2012
Lol!!!!! Awesome.. while we wade in shit not calling the plumber. Too bad we don’t know his number. We hire some jackwad off craigslist that doesn’t have any tools. 4 1/2 years is a long time to find a quality handyman..
thanks for showing us the was.
That’s great. I’m sending this to all on my email list.
Good one, MindBender. Thanks for sharing.
Fixed that last line for you.
LOL I posted this last night on FB.
SNL’S LOVITZ SLAMS OBAMA, TAXES, FAKE 99 PERCENT-ERS
On the “ABC’s of SNL” podcast, Jon Lovitz called Obama a “jackass” for claiming that the rich don’t pay enough taxes. When lamenting a practical 50% tax on the wealthy he said “isn’t that enough?”
(Language warning)
bttt
Your numbers miss the real crisis.
And talk about the debt limit is meaningless.
Of the debt, how much are we actually borrowing? And how much are we simply pretending to borrow, through Fed accounting tricks? (Quantitative easing).
Debt is a long-term problem, until people stop lending you more. And here’s the thing - people have already stopped lending us more. We’ve massively inflated the money supply, to make up for the debt that nobody would lend. Significantly decreasing the value of the dollar.
The fed has reduced the value of a dollar by half - and just how is that going to help convince anyone to lend?
I have a co-worker who was in China a couple of weeks ago. Prices - after she’d converted her dollars to local currency - are astoundingly high. And nobody, but nobody, was willing to take dollars in payment for anything.
We on the threshold of a Weimar-style hyperinflationary collapse, and nobody, but nobody, in Washington is doing a damned thing to slow it down.
At this point, the only real question is whether we should be stockpiling gold, food, or ammo. Because our savings are going to be worth crap.
Nicely done.
Home viewing bookmark.
Couldn't help thinking I would move out if sewage was up to the ceiling...but where could I move to, the whole world has crap up to the rafters, at least any place I could afford to move to.
So what to do...start cleaning the crap out, it will take years to do, but we need to start at the top, get the crapmiester out first, then work our way down.
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