Got an email from a friend which offers a common sense explanation of our national finances..in layman’s terms, as it were:
“This rather brilliantly cuts thru all the political doublespeak we get.
It puts it into a much better 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: $ 38,500,000,000Let’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: $38.50Got 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 crap out?…
Your choice is coming Nov. 2012.
Says a lot, doesn’t it?….Do you REALLY need ANYTHING further to make up your mind in November?…If you’re in doubt, maybe this will help!….““I am pretty happy about straight 28 months of job growth in the private sector…”
What alternative universe is the DNC Chair, Debbie Wasserman Schultz (D-FL) living in?….You can read more here: The Washington Examiner
“But it has become increasingly difficult for the president to argue that what he has tried is working well, or that he has something new to offer. Each month that the economy produces fewer jobs than are needed just to keep pace with population growth adds to the burden the president faces as the clock ticks toward November…” – The Washington Post
Hard to believe The Washington Post had the guts to deliver that sort of response to the President!…More here: Hot Air!
“The dilemma for the White House is that calling off next year’s tax increase would undercut Mr. Obama’s re-election theme of redistributing income. His liberal base has become so obsessed with the politics of envy that it is demanding higher taxes no matter the economic or political costs..”
From The Wall Street Journal…what they fail to point out is the dilemma for YOU!…Forget the President!…The American taxpayer continues to suffer under this Administration and his Congressional allies..
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Your choice is coming Nov. 2012.
The Life in Exile 