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Old 10-08-2016, 09:53 AM   #1
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Putting Things In Prospective

This cuts thru all the political double speak we get. It puts it into a much better perspective…..

* 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: $19,271,000,000,000
* 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: $192,710
* Total budget cuts so far: $385




Got It ?????

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Old 10-08-2016, 10:08 AM   #2
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Very very bad, but sadly it may become the 'good ole days'.
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Old 10-08-2016, 11:19 AM   #3
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As long as we can print, enjoy it while it last. Cause when it is over, it's Game Over.
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Old 10-08-2016, 11:22 AM   #4
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Very sad.... but it seems to be the new American way, Spend more than you make.
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Old 10-12-2016, 11:03 AM   #5
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So few believe in 'living within your means' these days. If you don't like your budget then train for a better job, not a better credit card.
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Old 10-12-2016, 11:27 AM   #6
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You can always do it the Donald way. Take big bets, hope you win, if not declare bankruptcy. The Big Reset is coming.
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Old 10-12-2016, 12:48 PM   #7
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Wink Become Part Of The Solution!!

Originally Posted by montanaResident View Post
You can always do it the Donald way. Take big bets, hope you win, if not declare bankruptcy. The Big Reset is coming.
The laws allowing for a declaration of bankruptcy are on the book and have been for decades. If Donald Trump chooses to employ them to his financial advantage, as he says, that makes him intelligent. If you are bothered by the legal provisions to declare bankruptcy, then work within the legal system to change the laws that allow it.

Whining changes nothing and voting for a candidate who has absolutely no chance whatsoever of winning changes nothing and is a complete waste of your vote. It's like pissing you pants in a dark suit. Nobody notices, but it give you a nice warm feeling!! The end result is the fact that the rest of us have to live with the consequences of that action..... literally, IT STINKS !!! I'm just sayin'..........

Am I still being ignored??

BTW, great job of showing the reality of our country's economic distress as a family budget scenario, Chuck!
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Last edited by Lineman; 10-12-2016 at 12:58 PM.
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Old 10-12-2016, 01:29 PM   #8
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Yes, that little visual aid always amazes me! I think the majority of the people don't care about it, the sheep people don't care or don't realize the impact. Too many people think all the goodies come from the government, not out of working people's pockets. I think they just don't care as long as they get theirs.
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Old 10-12-2016, 02:55 PM   #9
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You're $1 trillion off.
Federal tax receipts for 2015 were $3.17 trillion, not $2.17 trillion.
Therefore, the new debt wasn't 1.6 trillion, it was $600 billion.

So.....

* Annual family income: $31,700
* Money the family spent: $38,200
* New debt on the credit card: $6,500
* Outstanding balance on the credit card: $192,710
* Total budget cuts so far: $385

This probably looks like a lot of families (mortgage at 200k) in the crap economy of today combined with poor family spending discipline.
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