A Complete Waste of Space

I got this in an email. Thought I would throw it out here.


This puts it into a much easier perspective.

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 so far: $38.50 (That’s thirty eight dollars and fifty cents)


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?

Your choice is coming Nov. 2012.

Old Pudfark sez: " Obama has never presented or passed a budget, in the
entire time, that he has been POTUS. "

If the Republicans would go along with taxing the rich. The figures would look a bit better.

Will that ever get done with a Republican president? LOL

good point, Buzz. How many households willfully hold their income back? Further, a household budget in not the same as a governmental budget on many levels.

You have that upside down Buzz... the few 'rich' pay a disproportionate percentage/burden of income tax, successful 'productive' people pay the bulk of personal income tax, and the lower 50% pay in aggregate, almost nothing after tax breaks. We have an extremely progressive tax system. You one of those redistributionist guys?

Barfly, I've been over this ground before, but no, we do not have anything like a progressive revenue generation system. Factor in payroll taxes, excise taxes,
assorted fees and all, you will see a massively disproportionate hit on the middle/lower range of the income scale. As long as the public gets caught up in the fraud which is foisted on them, and lapped up by unquestioning fools, the wealthy(especially those with inherited wealth) make out like bandits.

You want to see the middle class pay more taxes? Put another republican in there.

More than Obama? If Romney is elected, I don't think you will see much tax change. If Obama is elected, we will see huge tax increases to the middle class. Time will tell...

what possible evidence could you present us with to back that claim, Barfly?

http://www.amazon.com/The-Creature-Jeky ... 0912986212

There is no balancing the budget with monetary creation backed by credit. It is not possible. The whole monetary system is a scam.

Nic

callmeslick wrote:what possible evidence could you present us with to back that claim, Barfly?

Time