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Fiscal cliff put in a much better perspective
US tax revenue: $2,170,000,000,000
Federal 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 eight zeros and pretend it is a household budget:
Annual family income: $21,700
Money the family spent: $38,200
New debt on the credit card: $16,500
Outstanding credit card balance: $142,710
Total household budget cuts so far: $38.50
Got it?
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This is why every current (and past member for last 12 years) should be in prison for fraud.
This is also why I think that all members of Congress should spend 1 year in prison for each year in office, and have a 2 term limit. They get to screw us for 4-12 years (Congress-Senate), but they will get a similar amount of time rooming with Bubba until they get to eat some of the port they wrote…
port->pork … danged keyboard!
Spaceman;
“danged keyboard” is nothing but the “Perversity of Inanimate Objects”, the bane of my existence!
Another “Perversity of Inanimate Objects” or just a “Freudian Slip” to make thing seem worse?
Eight Zeros off $38,500,000,000 is $385.00. NOT $38.50.
Still; this isn’t a significant step in the right direction!
Mr. G. W. Bush’s “Guns _and_ Butter” administration may have something to do with this.
It is only pork when it is creating jobs in someone else’s district.
But when it comes to the fact the Senate has a three day work week, and then almost every member and much of their staff fly to their home state each and every week, at the taxpayers’ expense, while enjoying ludicrously expensive healthcare plans for their family, now and for the rest of their lives, we begin to see some operating costs that might could use revising.
And then there is the fact we spend more on war and weapons of death than the entire rest of the world combined.
Your wrong Sue.
While Bush did add to the over 14 Trillion dollar debt, Bush’s largest year to year deficit was $500billion. Obama has yet to have a deficit less than 1 Trillion dollars. Obama had added more to the national debt in his 4 years than Bush did 8.
It’s “You’re”. And you are wrong.
And here is an overview of what has added to the deficit.
@John B. Actually my point was that you are unlikely to be able to fight long wars on the scale of Iraq, Afghanistan, and the “War on Terror” without putting your country into financial difficulties and without your citizenry feeling the consequences for many years. And I do blame Mr. G. W. Bush’s administration for this.
John Barton is wrong. Does he not realize that GWB started two unfunded wars and provided an unfunded drug benefit. All off of the books. But spending nontheless. Obama put those onto the books where they should have been to begin with… so suddenly he gets blamed for spending done by GWB. Do you prefer dishonest accounting that makes things look good for you? Or do you prefer honest accounting that tells you how things really are.
The link John gives in #9 has an illustration of (some of) what Erik says in #11.