DebateGate
General Category => 3DHS => Topic started by: Christians4LessGvt on November 04, 2011, 04:21:36 PM
-
ARE WE IN A BAD WAY - FORGET ABOUT GREECE
Here is why S&P downgraded the US credit rating
U.S. Tax revenue: $2,170,000,000,000 Trillions
Fed budget: $3,820,000,000,000 Trillions
New debt: $ 1,650,000,000,000 Trillions
National debt: $14,271,000,000,000 Trillions
Recent budget cut: $ 38,500,000,000 Billions 1/1,000 of a Trillion
Now let's remove zeros and pretend it's your household budget.
Annual family income: $21,700
Annual Money the family spent: $38,200
Annual New debt on the credit card: $16,500
Total Outstanding balance on the credit card: $142,710
Total budget cuts: $385
Could you get more credit if this were your story?
WILL THE USA SURVIVE?
A Nation of Sheep Breeds a Government of Wolves!
[e-mail]
-
Very nice.....I'd add a zero to each lower set, but the point remains quite substantiated. Also keep in mind, none of us have a machine that simply prints more money to cover those debts, nor can we legally confiscate it from the Jones and the Smiths, down the block.