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An interesting little article
I happened to run across this article and thought I'd share it.
This rather brilliantly cuts thru all the political doublespeak we get...........
Food for thought..... This puts it into a much better perspective and is
the same for many countries in Europe ...
Why the U.S. was downgraded:
* 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:
Let's say, 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 shit?
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User Comments
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Yeah, especially since its us that's left to swim in the dirty water. |
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I hope you are doing well! |
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Thank you K! How are you, Kramer and your significant other doing? |
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Yep... You can go to the official site at http://www.usdebtclock.org/ and see the full breakdown with all categories... All of those numbers just spinning into the red... |
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but the most important thing for everyone to understand is that it is not the debt, but the Interest on the debt that needs to be looked at / researched... |
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I think its interesting to note that 'Total Debt Per Citizen' is: $180,848.00 and the 'Liability Per Taxpayer' is: $1,040.887.00 There seems to be a disparaging number between total citizens and the ones of us who pay taxes. |
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LOL...Isn't that the truth!! Morons!! |
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Its odd that if we ran our household budgets like the fed's run the countrys, they'd toss our butts right in jail, no excuses! |
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Problem is.....many HAVE taken their cue, and live on credit. The government does not discourage, because they benefit personally by doing the same. People think we are handing a "bill" to our g-grandchildren. The system they are using is; creating money out of debt. You decide to get a mortgage. You have 20,000 to put down. You get a LOAN from the bank for 80,000, which together you have 100,000 for the total purchase price. The bank requests 80,000 from the govt. The govt gets 80,000 from the Feds. The govt receives the 80,000 and gives it to the bank. The bank pays off the owner of the property. Now the new owner must pay the bank/mortgage payments. Over the course of the contract, the new owner will pay approx. 240,000... What did the bank invest? nothing What did the government invest? nothing What did the Feds invest? nothing Who receives the 240,000? the banks, the govt & the feds. Now 80,000 dollars just went into circulation.....that is back by NOTHING Can we say inflation? The dollar hovers around being worth 5-6 cents. The Feds charge 3 cents to print it, plus the face "har har value", plus interest. What did the Feds invest? Nothing It works that way...with mortgages, ANY loan, (by govt or private), Credit cards........... Even when the banks held savings (be it gold or currency with value) and made loans locally.......If they had 10,000 in the vault, they could loan that SAME amount 10 times, when they ONLY had that in ONE amount. Government intervention, unconstitutionally and behind closed doors has been corrupting the system exponentially for eons...... Many (poly) blood sucking creatures (tics) I am for doing the Biblical thing.....heap the dung into a pile, blanket it to defuse the smell and let it rot! |
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Great explanation Rachel of how the government/banks screw we the taxpayers. DUMP THE FEDERAL RESERVE! |
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AJay - that is ONLY a surface scratch nutshell version. It is WAY deeper than what a blog permits. DUMPING the Federal Reserve....would require a President and Congress who would be willing to literally put their lives on the line. It would also entail the US to stop being dependent on the world for our energy, food, money and any necessitative goods.......because the people that run the Reserve are all fine and dandy as long as you are paying the piper...they are also the ones who create wars when it means gathering a following who will borrow and be forever indebted...it is the depth of evil. |
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It is way deeper...the sewer that is government. Yes it is. |
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Yes deeper sludge at the bottom....we only see the floating turds...! |
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LOL! YES!!! |
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lol |
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LOL....excellent analogy bigdawg....lets pump the shit. |
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You know it mom, I plan on doing my share come November. We need to hold the Bozo's in Washington up to the same standards that hold usto and hold them accountable for this mess. |
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Count me in. And whats cool is that our numbers are growing and getting pissed off....we just have to unite and stay that way. |
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That was classic! An excellent analogy! |
LOL!
Libs would want to raise the ceiling....again!