same thing for federal/provincial in Canada.....
US 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
Lets remove eight zeros and pretend it is a household budget:
Annual Family Income: $21,700
Money the family spent: $38,200
New debt on credit card: $16,500
Outstanding balance on the credit card: $142,710
Total budget cuts so far: $38.50
Make sense now................................
Another way to look at deficit financing:
Lets say you returned home from work and find there has been a sewer backup in your neighborhood and your home has sewage all the way up to the ceilings..................
What would you do....Raise the ceilings or remove the shit.
Quote
What would you do....Raise the ceilings or remove the shit.
Excellent example.
However, don't expect the SOBama-bots to get the message.
Say. Don't know where the stats come from, but they appear old and have become a LOT worse today
Quote from: "Obvious Li"
US 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
Lets remove eight zeros and pretend it is a household budget:
Annual Family Income: $21,700
Money the family spent: $38,200
New debt on credit card: $16,500
Outstanding balance on the credit card: $142,710
Total budget cuts so far: $38.50
Make sense now................................
Another way to look at deficit financing:
Lets say you returned home from work and find there has been a sewer backup in your neighborhood and your home has sewage all the way up to the ceilings..................
What would you do....Raise the ceilings or remove the shit.
:lol: and Obama says there is no spending problem.
Kerry sent billions to Egypt while his boss was crying we need to raise the debt limit, and get along together.
Quote from: "Blue"
Quote from: "Obvious Li"
US 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
Lets remove eight zeros and pretend it is a household budget:
Annual Family Income: $21,700
Money the family spent: $38,200
New debt on credit card: $16,500
Outstanding balance on the credit card: $142,710
Total budget cuts so far: $38.50
Make sense now................................
Another way to look at deficit financing:
Lets say you returned home from work and find there has been a sewer backup in your neighborhood and your home has sewage all the way up to the ceilings..................
What would you do....Raise the ceilings or remove the shit.
:lol: and Obama says there is no spending problem.
Kerry sent billions to Egypt while his boss was crying we need to raise the debt limit, and get along together.
According to Obama he is not piling debt on future generations he is "investing".
Anything goes in the Kool-Aid now days, but be it Republican/Bush, be it Obama, spending way over your limit is not smart.
It's a lot of what they spend it on, so much waste, and for whom, Egypt, Brazil, China ??? Maybe good for someone, George Soros maybe.