Wednesday, October 22, 2014

Would You Run Your Household Budget Like This?

April 26, 2012 by  
Filed under Economy, Hot Topics

We have published this before but it is appropriate to publish again now that our national debt has risen to over 16 TRILLION dollars!

S&P Downgrade Simplified

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

Federal 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

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

 

Comments

4 Responses to “Would You Run Your Household Budget Like This?”
  1. Bill Boe says:

    And both political parties support spending another $4billion/yearly to support a feudal/futile government in Afghanistan for the next 10 years all in the name of “nation building”, but its just to keep the profiteers happy. Where is Calvin Coolidge now that we really need him? That man could invest a dime and get a return of a quarter! Obama and Romney have the same sponsors and its not the small farmer, your mechanic, or the owner of a small business. Time to analyze who is sponsoring our candidates and WHY or the debt will only get worse! Much worse!

  2. Karianne says:

    Correct Bill! :)

    Check this out on who is sponsoring our candidates: http://www.youtube.com/watch?v=MWBzUuo9_eo&feature=youtube_gdata_player

    And check this out on Rubio (since you mentioned Afghanistan/foreign policy): http://www.youtube.com/watch?v=zUQdD2_w23g&feature=youtube_gdata_player

  3. Bill @

    I believe we are ahead on that as the drug business guarded by NATO in Afghanistan brings about 4$ billion annually.

    In addition we no longer pay for wars as we have no money and can only borrow more money to finance them. The Federal Reserve just prints more money and debase the value of our currency. They will continue to do this until the dollar will be worth nothing, America becomes a third world country and the 99% will have nothing left. Then these bankers will have us where they want, begging for food and forfeiting in return what little liberty we have left.

    And let us not forget that these are the same bankers that are financing Barack Obama and Mitt Romney.

    My fellow Tea Party members; do you want it any plainer than that?

  4. Mark says:

    Until there is a 3rd party – the glass is now way more than 1/2 empty.

    None of the candidates will cut what needs to cut. R’s & D’s have run a good country into the ground based on their and their friends back pockets.

    But all in all we can feel secure since they did it with Bush in office and then, let me say how hard it is to say “now Obama again” – they’ll just cut some more money and bail themselves out.

    They did it for GM (Government Mfg), the Banks & Mortgage Companies who loaned the family above to buy that $250,000 home on $21,700 income. Because they deserve what the smart neighbor has worked and paid for….

    Abe would roll over to here a current politician say ” A government of the people, by the people and for the people”. It only be said with truth today: “A government paid for by the few honest working people, for the lazy aid sucking leechs and greedy investment mosquitos, and nah not really for the people of America. Some say I’m negative “but they is how the truth looks”

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