Higher government spending is a direct tax on growth. Nations that spend more inevitably grow more slowly. Those who vote for Hillary Clinton and all of her many ideas to spend more should know that they are voting for lower incomes, more poverty and fewer jobs.
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!
“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
Barry likes to make us think that the rich are at fault. Higher taxes on the rich will bring prosperity according to Mr. Obama’s innovative methods. Nevertheless, most people have no conception of the trillion dollar deficits that Barry has managed to create while he gives no honest answers on how this money will be paid back. What does a trillion dollars look like? How can anyone justify such spending? I was mad about W’s spending, but Barry makes George look thrifty! Anyway, the video above puts this spending in perspective and blows a huge hole in Obama’s “strategy” regarding the economy, tax policy, and getting this nation back on track. If you get a chance to watch the movie “2016,” then you probably will consider the reality that Barry really wants America to stay off track, plunge the nation into a sea of red ink (we are already there), and never recover. How else can you explain Obama’s policies?
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.
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!
They figure the interest cost the U.S. pays to service the debt each year will more than double to 3.1% of GDP by 2016 from 1.3% in 2010.
Net interest expense will triple to an all-time high of $554 billion from $185 billion, Treasury says, meaning we’ll pay more to service our debt than to protect our nation. The defense budget stands at $525 billion.
There’s nothing like paying high interest on the interest of the interest. Berry make George look so thrifty and sane!
Number of long-term unemployed: The number of workers who have been unable to find a job in 27 months or more has shot up 83%, with their ranks now at 5.5 million.
Civilian labor force: It has shrunk by 126,000. In past recoveries, the labor force climbed an average of more than 3 million over comparable time periods.
Labor force participation: The share of adults in the labor force — either looking or working — has dropped 3% — also highly unusual in a recovery. At 63.7%, labor force participation is at a low not seen since the middle of the very deep 1981-82 recession, when fewer women were in the work force. A lower participation rate makes the unemployment rate look better.
Household income: Median annual household income is about 7% below where it was in February 2009, according to the Sentier Research Household Income Index.
National debt: Up $4.5 trillion, or 41%, according to the Treasury Department’s monthly reports. The latest Treasury figures put the national debt at $15.4 trillion, larger than the entire U.S. economy.
Deficits: The deficit for fiscal year 2009 totaled $1.4 trillion. The Obama administration’s proposed deficit for 2012 is $1.3 trillion, which would mark the fourth year of deficits topping $1 trillion.
Gross Domestic Product: Real GDP has climbed just 6% between Q1 2009 and Q4 2011, according to the Bureau of Economic Analysis.
I received this email a week ago and it further demonstrates government’s inability to act responsibly. More examples of clueless and pathetic antics abound. Another excellent example of numbers as it applies to money can be found here. What does a trillion dollars look like? You’ll see. The quoted email below just shaves some zeros off and demonstrates the level of chicanery exercised by our political leaders.
Took ‘em long enough to come up with a budget???
Income: $2,170,000,000,000 (2.17 Trillion)
New Debt: $1,650,000,000,000 (1.65 Trillion)
Amount Cut: $38,500,000,000 (38.5 Billion) – about 1% of
the total budget.Harry Reid is calling this a “historic amount“. The President said it
is a “historic deal”. John Boehner simply said, “We’ve come to an
Let’s Put This In Perspective. It helps me to think about these
numbers in terms that I can relate to.
Let’s remove nine zeroes from those numbers and pretend this is a
monthly household budget for the fictitious Jones family.
Amount of money the “Jones`s” family spent this month: $3,820
Total income for the “Jones`s” family this month: $2,170
Amount of new debt added to the credit card this month: $1,650
Outstanding balance on the credit card:
$14,271 (This represents our national debt).
So last week, the “Jones’s” sat down at the kitchen table and agreed
to cut $38 from their monthly budget. A historic amount!
Are You Impressed?