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Title: DEBT LIMIT - A GUIDE TO AMERICAN FEDERAL DEBT MADE EASY.
Source: You Tube
URL Source: http://www.youtube.com/watch?feature=player_embedded&v=Li0no7O9zmE#!
Published: Jan 6, 2012
Author: Econ. O. Mist
Post Date: 2012-01-06 17:13:20 by abraxas
Keywords: None
Views: 89
Comments: 3

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#1. To: abraxas (#0)

Great video, thanks

It is hard to free fools from the chains they revere. Voltaire

An ideal form of government is democracy tempered with assassination. Voltaire

intotheabyss  posted on  2012-01-06   17:32:00 ET  Reply   Trace   Private Reply  

This short description will help you really understand what's going on in the United States:

* 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: $14,271,000,000,000
* 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: $142,710
* Total budget cuts: $385

Got It Now?

Ada  posted on  2012-01-06   20:44:19 ET  Reply   Trace   Private Reply  

Thanks for commenting! I thought this video was well done to bring home the point of the continual raising of the debt ceiling by the dupes in DC. : )

" If you cannot govern yourself, you will be governed by assholes. " Randge, Poet de Forum, 1/11/11

"Life's tough, and even tougher if you're stupid." --John Wayne

abraxas  posted on  2012-01-06   21:43:12 ET  Reply   Trace   Private Reply  

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