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Post by Clipper on Aug 24, 2012 21:45:48 GMT -5
CAN NOT BE BETTER EXPLAINED…. 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: $15,271,000,000,000 * 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: $152,710 * Total budget cuts: $385 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 pump out the crap? Your choice is coming Nov. 2012
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Post by Deleted on Aug 27, 2012 6:12:04 GMT -5
Well, Romney's tax plan will add trillions to the debt. Last I heard it was $465 billion/yr. But no one knows for sure because Romney refuses to submit his plan for a detailed analysis as even Bush did when he ran for his 1st term. So, what's Romney trying to hide? The facts?
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Post by Deleted on Aug 27, 2012 16:03:57 GMT -5
I paid off my credit card two years ago and will never get another one again. Of course any bank that would even think of giving me a credit card would be nuts. I can't even get a bank to give me 5 quarter's for a Dollar.
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Post by Clipper on Aug 27, 2012 17:13:06 GMT -5
They only give 5 quarters for a dollar on Tuesdays between noon and 4 PM. Tuesday is senior citizens recognition day at the bank.
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