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An easy way to figure the federal budget

Discussion in 'Off Topic Threads' started by i_shoot, Jan 2, 2013.

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  1. i_shoot

    i_shoot Member

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    Makes you wonder why The "Prez" hasn't submitted a budget since he was elected in 2008.

    Concerned over the fiscal cliff? Well, that’s probably a given. Cutting through the numbers and headlines can be quite confusing, but a recent email from a subscriber simplified the fiscal cliff discussion when pictured as a household budget.
    Fiscal Cliff

    Simplified


    * U.S. Tax revenue: $2,680,000,000,000
    * Fed budget: $3,760,000,000,000
    * New debt: $ 1,080,000,000,000
    * National debt: $16,066,000,000,000
    * Annual sequestration cuts: $ 109,000,000,000


    Pretend It’s a Household Budget (remove 8 zeroes)
    * Annual family income: $26,800
    * Money the family spent: $37,600
    * New debt on the credit card: $10,800
    * Outstanding balance on the credit card: $160,066
    * Total budget cuts so far: $1,090


    Possible Solutions:
    1) Ask family members to invest in your future
    2) Believe that a 2% raise next year will solve everything
    3) Apply for more credit cards


    Nowhere are there contingency plans for job loss, unforeseen disasters, death, retirement, savings, illness, etc. Now see if the proposed solutions being discussed by both Democrats and Republicans make any sense.
     
  2. crusha

    crusha TS Member

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    I recently read an interview where outgoing RINO Republican Steve LaTourette of Ohio observed, with some frustration: "...The average citizen thinks the budget can be run like a household..."


    As if living within our means is some quaint, near-sighted proletarian canard.
     
  3. Rick Barker

    Rick Barker Well-Known Member

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    Take our guns, take our money by devaluing it to zero, then what?


    See what I mean about gridlock being a good thing? Another trillion dollars added to the debt because congress got together and compromised.
     
  4. CharlieAMA

    CharlieAMA TS Supporters TS Supporters

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    Why should the Senators and Representatives live within their means. It is not their money. They did not earn it, they didn't work for it, so why should they worry. It is all on paper, so it doesn't matter.
     
  5. Rick Barker

    Rick Barker Well-Known Member

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    More good news living in Obamaworld

    Unemployment numbers up from last week.


    Moody's not happy with performace of our government in addressing the debt and threatening to lower our credit rating again.


    Gallup poll released says the majority of Americans believe America's best days are behind us.

    Algore sold his cable TV station "Current" to Al-Jazeera who wants to rename it Al-Jazeera America to contine broadcasting here.

    Nice to see the elistist s wish is coming true, we are becoming just like Europe.
     
  6. hmb

    hmb Well-Known Member

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    A lot you guys know, the stock market was up 300 points yesterday. Everything must be OK. HMB
     
  7. timberfaller

    timberfaller Well-Known Member

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    Yep!

    News for the day, Senator who had a stroke walked up the Capitol Steps!!

    Hip Hip Hooray!!!! The Country is in better shape today!!


    SO NOW watch all the news media put on doctors to talk about strokes and how to prevent them!!
     
  8. CalvinMD

    CalvinMD Well-Known Member

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    They will be re-instituting the old Clinton tax plan next year with a very simplified IRS income tax ..only two lines
    1)HOw much did you make?______
    2)Send it In____
     
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