Saw this and thought it was fascinating. We lose track of meaning when we talk about really large numbers. This idea was to take the federal budget and turn it into manageable numbers that are closer to what we deal with.

USA Tax revenue:      $3,248,723,000,000
Federal Budget:        $3,687,622,000,000
New Debt:                  $438,899,000,000
National Debt:          $18,150,000,000,000
Recent Proposed
Budget Cuts:            $55,000,000,000
     
Now, turn this into thousands of dollars instead of trillions and pretend it’s a house hold budget:      
     
Annual Family Income:      $32,487
Money Family Spent:          $36,876
New Debt on Credit Card:    -$4,389
Outstanding Balance on
Credit Card:                     $181,500
Budget Cuts you proposed:     $550

WebsterMark wrote on 11/29/16 at 11:50:02:



Fascinating indeed, and your turning into something more understandable and personal is a good move.

Budget cuts proposed.. Hmmm.. Wonder what that really means..
But, let's not get derailed by a little detail.

Basic question.

If you make $32,487.00 / year
And
You're in debt for almost Six Times that amount
And
You go to the bank and ask to
Borrow 25% of what you Expect to earn next year,
What would YOU expect the loan officer to say?


How many understand the role of the interest rates?
Do you know what would happen if we went back to the policies that paid savers reasonable interest rates?

And what is actually DONE with the income tax dollars collected?

That doesn't change anything. It's just as revealing, either way.
The same questions need answered.
I wonder how many of our
Know it all
Know nothing they weren't taught
friends will participate.

You totally failed to follow the analogy.

Annual Family Income:      $32,487
Money Family Spent:          $36,876
New Debt on Credit Card:    -$4,389
Outstanding Balance on
Credit Card:                     $181,500
Budget Cuts you proposed:     $550



Make the situation applicable to the common man
You
Is every man

AND, you hit the answer to the

What do interest rates have to do with things?

Japan went down this road.

Still, nobody will say what our income tax money pays for.
Hint

Every dollar America spends is BORROWED.

I'm intentionally Not spelling it out. I want to see if anyone connects the dots.

The fiscal peril isn't limited to the debt or debt vs. gdp ratio.
Don't forget about the unfunded liabilities and the stock market
Derivatives.

You should look up
Derivatives.

Make the situation applicable to the common man.  You.  Is every man.

I submit,  I,  do not owe, the, ‘Government Debt’.
It is the People,   Responsible, for that debt.
Take  EVERY,  elected  Fed Politician, past and present.
Every  Cabinet member, and all those that get a  HUGE,  Pension, with OUT  paying anything in.

(Like  Bamas  Grandmother, lived in the whitehouse for FREE, food, Free, paid Nothing,
yet, Bama, is  giving her, $160,000.00 a  YEAR  for  LIFE,
for helping with, her, grand children.
(  That’s  YOUR   Money  )

Anyway, all the Huge   Pension   Politicians,
Have them write a check for $62,000.00, now.
then take 20%  OFF, their pensions each year,
and that goes to the debt.
Then the  State  Politicians, and they give 10% off their pension.

Then stop the funding, to study, the  two  peck#$ goats, in  timbuckto,
(and Like), which cost several $100,000.00’s of dollars a year.
Stop paying $100.00 for a  Hammer.
Stop paying, 10.00 for a screw.
(and  That  list, is  VERY   Long)
And in a couple of years, no debt.

A Dream?    Yea.   But it, could happen.

Let’s say, you are served breakfast, by your servant.
It is  hash.   You say:
"I saw the grocery bill, I  paid the grocery bill,
Why don’t I get the  Steak and Lobster,  I  paid for".
Your, ’servant’ says:
“Well  that’s MY   Breakfast”.

Exactly, how long, will that servant be working for ya. ????

justin_o_guy2 wrote on 12/01/16 at 17:30:57:

Who do you think you are preaching to?

Not, ‘preaching’, to anybody.  Stating a  Opinion.

How many times have I made the point that the cook doesn’t get to eat steak and feed the landowner hamburger?

Yea, you made that point.
I made that point.
AND  Hundreds of Other people,
over several Years,
And  Several  Places,
have made that same point.

I just added,  (in essence),
‘Would  You  FIRE, that  Person”?
Hopefully, reminding people, they  CAN   ‘Fire’  a  Politician !

Take a  page out of  Sarah Brady Book.
Where she  LIED,  Over and Over, and Over, and Over, and Over, and Over, and Oder, ETC,Etc,Etc,
For 34 YEARS,   (with a  'cute'  little  'Sound Bite')
Which was not even,  REMOTELY   Close to the Truth in 1981,  and Much  LESS   Today !

‘ failing to grasp the significance of the ANALOGY.’

I do understand, ‘Analogy’.

The, ’numbers' of  Debt, 'analogy', are the same, as the (hamburger, Prime Rib), ‘analogy’.
Difference, (over the years) those numbers change, and the ‘pairing’ down,
(by just moving a  decimal point), to numbers most people understand.
Works, to help people, (who tune out the big numbers)
People  Tune   OUT,  the number, $18,000.000.000.00

(Perhaps you could, put that into a, comparison,
as to, ‘how many, Pick-up trucks it would take to haul, ’that’  many candy bars,
(each candy bar costing $1.00)   Take a, (Salted nut roll, etc),
figure out the sg Inches on one. Then the sq inches of the bed of a  PU,
and you will come up with a number. ?)

National debt/ Household debt

The,  ’National’ debt, is  REAL.
However, (again), I submit, it is  NOT  MY,  (OR   YOURS), or the  Majority of,   Tax Paying, Working  Citizens, debt.
It is the Debt, of the Politician, and  the, 'gimme gimmiers.  (So let THEM  pay it off)

(Just thought of a analogy)

“Let’s say, you, hire a servant.
That Servant, has the power to spend your money, on ’necessary’ things.
(You gave it to him)
Years later, you find out,  YOU, are   BROKE !
Because, ‘your servant’, Bought;
 Castles in Switzerland, Spain,  France, Thailand, Brazil, etc.
And stocked them all with Servants, and the Finest food/drink.
        And, hired a servant to serve you breakfast,
why he fluttered from Castle to Castle, in a private Jet.”


If an INDIVIDUAL would be denied a 25% of annual income loan because his debt to income ratio makes him a bad risk
Why is a nation that has seen Nothing BUT increased debt and devalued currency somehow still considered credit worthy?

That is a big,  “Egg-Zactaly-LY”

The, ‘Immigrant’  posts.
Most Times, One can read the post, and deterring if the poster,
is talking about:
  LEGAL,   Immigrants.
OR
  ILLEGAL,  Immigrants.
  Refugees, who are,  ’Truly’  refugees, from some place of a national disaster, or Political fear of their life.
OR
  Refugees, who are  LAIRS,  and Want to KILL  you, and  Rule the World !

(Again, for the benefit, of some people, who do NOT  post, but  Read the posts)