Another way of looking at the US Debt

[Dixie Cup]

The Best Explanation:

Lession #1:

* U.S. Tax Revenue: $2,170,000,000,000
* Feb 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 anoth 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 neighbourhood...
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 sh##t?

When I saw this, I thought it kinda put things in perspective....don't 'cha think??

Dixie

 

[darkbeaver]

Yes it does, but it's not at all a funny perspective since removal of the sh it will be resisted by the armed and dangerous sh it of course. And of course the fourteen trillion is a very conservative estimate of the total national liabilities which are somewhat difficult to correctly determine they say because of the great reluctance to reveal the whole picture to the heavily indebted western economic wreak of the western economic wreak. Saving the central banks is thought to be of some remedy by the central banks of course. It always has been the real work eh, saving the filthy rich is job one. The IMF has recommended a 20% tax on personal bank accounts to that end. Won't it be convienient that we won't even have to write cheques.

 

[taxslave]

The IMF has recommended a 20% tax on personal bank accounts to that end. Won't it be convienient that we won't even have to write cheques.

Now isn't that a perfect way to encourage saving and living within your means. NOT.

 

[darkbeaver]

HAHA yes, banks have every intention of living within our means, actually making our means their means which isn't really new I guess. I hope they choke on it.

 

[Angstrom]

Yes but your not factor in China devaluing their currency at the same rate then the US. That's actually keeping the whole USA afloat.

Essentially it doesn't matter how much your **** stinks, if someone is still willing to sell you their ****, at the same price then when your **** didn't stink.

 

[captain morgan]

Yes it does, but it's not at all a funny perspective since removal of the sh it will be resisted by the armed and dangerous sh it of course. And of course the fourteen trillion is a very conservative estimate of the total national liabilities which are somewhat difficult to correctly determine they say because of the great reluctance to reveal the whole picture to the heavily indebted western economic wreak of the western economic wreak. Saving the central banks is thought to be of some remedy by the central banks of course. It always has been the real work eh, saving the filthy rich is job one. The IMF has recommended a 20% tax on personal bank accounts to that end. Won't it be convienient that we won't even have to write cheques.

So, what you're saying that it is dangerous and potentially fatal for the 'haves' to ask that society live within it's means?

 

[petros]

The Best Explanation:

Lession #1:

* U.S. Tax Revenue: $2,170,000,000,000
* Feb 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 anoth 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 neighbourhood...
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 sh##t?

When I saw this, I thought it kinda put things in perspective....don't 'cha think??

Dixie

Kick out the kids and rent out their rooms.

 

[Sons of Liberty]

You guys believe everything you read? You should analyze the data on your own if it really interests you.

 

[petros]

You guys believe everything you read? You should analyze the data on your own if it really interests you.

Mr. Harper has escalated federal government spending to an all-time record high in excess of $280-billion annually. He has run six consecutive deficits, adding some $160-billion to accumulated federal debt and pushing Canada’s debt burden to an all-time record high of more than $620-billion.

His debt-to-GDP ratio is no better than when he first took office nearly eight years ago — even though the recession (which he blames for everything) ended more than four years ago. He recently postponed his target for any significant debt-ratio improvement until 2021.

 

[Sons of Liberty]

Mr. Harper has escalated federal government spending to an all-time record high in excess of $280-billion annually. He has run six consecutive deficits, adding some $160-billion to accumulated federal debt and pushing Canada’s debt burden to an all-time record high of more than $620-billion.

His debt-to-GDP ratio is no better than when he first took office nearly eight years ago — even though the recession (which he blames for everything) ended more than four years ago. He recently postponed his target for any significant debt-ratio improvement until 2021.

Every single country in the world is in debt, you're nothing special. It may be required for him to do it to sustain your unemployment rate.

 

[petros]

There are jobs for those willing to move. Muzzies from Toronto are moving here in droves and Filipinos and Russians are immigrating to fill the jobs those from BC or the east don't want to fill.

We even have jobs growing pot.

SaskJobs.ca - Detail for Job Order #5321002

 

[Sons of Liberty]

Yes but your not factor in China devaluing their currency at the same rate then the US. That's actually keeping the whole USA afloat.

This is your professional opinion?

There are jobs for those willing to move. Muzzies from Toronto are moving here in droves and Filipinos and Russians are immigrating to fill the jobs those from BC or the east don't want to fill.

We even have jobs growing pot.

SaskJobs.ca - Detail for Job Order #5321002

Ok, but what does this have to do with your debt?

 

[petros]

Empty jobs mean growth is slow to materialize.

 

[darkbeaver]

So, what you're saying that it is dangerous and potentially fatal for the 'haves' to ask that society live within it's means?

Given the gross difference in the means and especially the historical repercussions of such disparity it certainly is potentially fatal but more importantly from a natural science perspective it is the unreasonable greed of the 1% which clearly indicates their suicidal tendencies throughout history. The 99% have means that the 1% can never permanently control. You would be well advised to examine the power of labour as opposed to paper wealth. You may imagine that you live within your means when in fact you're living with and on the means of others.

China owns the USA uncle sham can only escape through global war and that won't include the common man just the 2% who've pushed the illusion of an American dream. That 2% is in fact America the rest are just already emptied consumers, worthless husks and entirely expendable.

 

[petros]

China owns the USA uncle sham can only escape through global war

Sorry dude but we bought China. More than the US did and that influence is heading south.

Why are there so many Canadian Banks in the US?

 

[darkbeaver]

Sorry dude but we bought China. More than the US did and that influence is heading south.

Why are there so many Canadian Banks in the US?

And what did we buy it with my good man? And who or what do you mean by WE? Explain the purcahe I am in treeg ed .

 

[captain morgan]

Mr. Harper has escalated federal government spending to an all-time record high in excess of $280-billion annually. He has run six consecutive deficits, adding some $160-billion to accumulated federal debt and pushing Canada’s debt burden to an all-time record high of more than $620-billion.

His debt-to-GDP ratio is no better than when he first took office nearly eight years ago — even though the recession (which he blames for everything) ended more than four years ago. He recently postponed his target for any significant debt-ratio improvement until 2021.

A massive drop in the economic levels during this time has lasting impacts.

Compare Canada to the G8 or G20 on relevant measures and you'll see a very different story... I'm guessing at that point, all references will be that 'Canada' fared well and no mention of the policies that helped weather that storm