Another perspective on the nation’s debt and the ultimate consequences of mindless borrowing. The media will focus on gay marriage and gun control, but it won’t focus on the debt problem that will eventually bury all of us. Keep voting for Democrats and hope that money really does grow on trees!
Can it really be that bad? There is no fiscal discipline in government and the lack of restraint grows over time. The media doesn’t address it, politicians ignore it, and the dollar is going to be victim once the dust finally settles. The video espouses keen prescience as to what is going to happen and narrates the story well, but produces a vacuous video with no visual continuity, no charts and data, and no convincing conclusion. It just sounds scary because there is a lot of truth to certain points that are made throughout the video. The dollar is going to suffer given the current monetary policies of the U.S. government. Economic laws, like gravity, will win out in the end. Hyperinflation and other troublesome phenomena will occur just like in Argentina, Mexico, and other third world countries. It’s inevitable. I’m not so sure about the conspiracy regarding the “One World Government” since who really thinks this world can exist with one government. We have 50 states and those governments don’t really see eye to eye. Now factor in the rest of the world.
Nothing good is going to come out of this administration and this country will suffer the consequences for years to come. The unknown turns out to be a frightening dark place, but time will tell. If it gets really bad here, it’s going to be even worse elsewhere.
“Fiscal Cliff” put in a much better perspective.
* 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
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 remove the shit
“The president’s plan to increase taxes on the upper two percent covers the spending by this federal government not for eight years, not for eight months, not for eight weeks but for eight days. Eight days only,” said Mr. Price. “It’s not a real solution. So, again, I’m puzzled by an administration that seems to be more interested in raising tax rates than in gaining economic vitality.”
So, what does a trillion look like? Come over and take a look! Now think of that huge stack and multiply it by 16. It is mind-numbing to ponder what our federal government does with our tax money, but it is even worse to think about how the politicians borrow even more money because what we have just isn’t enough. It will stop sooner or later because all of this nonsense is not sustainable. All you have to know is simple math to figure out the crushing effect of interest payments alone. Our media certainly doesn’t give this one issue the attention it truly deserves. There should be a debt clock behind every news anchor and reports should be pummeling the administration and Congress for answer regarding the out-of-control spending and the necessary cuts that must be implemented. I know, I’m just spitting in the wind.
The video speaks volumes about Barry’s ineptitude. It is time for him to go back to Chicago and sleep in that house he can now afford.
Even this, however, understates the size of catastrophe the United States faces. There are no precedents in history for a great power spending itself to death on the scale America is doing. President Obama has added $5 trillion to the national debt, and has nothing to show for it. Do you know how difficult that is to do?
Personal debt per citizen is currently about $50,000, but at least you got a La-Z-Boy recliner and a gas-fired barbecue out of it. Obama has spent America’s future, and left no more trace than if he and his high school “choom gang” had wheeled a barrow of $5 trillion in large notes behind the gym and used them for rolling paper.
Food stamps and Medicaid make up a large–and growing–chunk of the more than 100 million recipients. “Among the major means tested welfare programs, since 2000 Medicaid has increased from 34 million people to 54 million in 2011 and the Supplemental Nutrition Assistance Program (SNAP, or food stamps) from 17 million to 45 million in 2011,” says the Senate Budget Committee. “Spending on food stamps alone is projected to reach $800 billion over the next decade.”
The data come “from the U.S. Census’s Survey of Income and Program Participation shows that nearly 110,000 million individuals received a welfare benefit in 2011. (These figures do not include other means-tested benefits such as the Earned Income Tax Credit or the health insurance premium subsidies included in the President’s health care law. CBO estimates that the premium subsidies, scheduled to begin in 2014, will cover at least 25 million individuals by the end of the decade.)”
This is not just Americans, however. “These figures include not only citizens, but non-citizens as well,” according to the committee.
The compassionate liberals are always generous with other people’s money. The problem with welfare recipients centers on their right to vote. Politicians will pander to them to stay in power. The results are what one would logically expect: More “free” money for the layabouts. We’re on same trajectory that led to Greece’s fall. A previous post regarding failed policies sums up the future which is already now in California. The world of the Road Warrior is coming.
The national debt has now increased by more than $64,000 per federal taxpayer since Barack Obama was inaugurated president.
At the close of business on Jan. 20, 2009, according to the U.S. Treasury, the total debt of the federal government was $10,626,877,048,913.08. By the close of business on July 10, 2012, that debt had climbed to $15,885,854,755,351.47—an increase of $5,258,977,706,438.39.
And over in Spain:
Rajoy, of the center-right People’s Party, proposed a 3-point hike in the main rate of Value Added Tax on goods and services to 21 percent, and outlined cuts in unemployment benefit and civil service pay and perks in a parliamentary speech interrupted by jeers and boos from the opposition.
“These measures are not pleasant, but they are necessary. Our public spending exceeds our income by tens of billions of euros,” Rajoy told parliament.
Look across the ocean and you can see our future. Hang on! The future is already here!