Imagine that you had an average monthly income of about $170 balanced against average monthly expenses of about $940--and that you were more than $14,000 in debt.
Then imagine that as of today, you had only $58.60 in cash left in your bank account and $130.50 left on your line of credit.
Now multiply these numbers by 1 billion and you will have the up-to-date financial situation of the U.S. government.
CNS News
Then imagine that as of today, you had only $58.60 in cash left in your bank account and $130.50 left on your line of credit.
Now multiply these numbers by 1 billion and you will have the up-to-date financial situation of the U.S. government.
CNS News
Stop of foreign aid for six months and that should do it! Our bank account will be full.
ReplyDeleteObama should let Dave Ramsey do our budget...we might get somewhere then!
ReplyDeletemaybe stop paying for the Cowboy poets society every year. Why did Nevada re elect Dirty Harry?
ReplyDeletestop forgiving foreign debt, stop spending giving our hard earned money away in bailouts, buyouts, and other stupid programs that aid people who don't contribute a dime to the pot, and let all of congress abnd the president go without their salaries until the budget is balanced - they don't need the money anyway!!!!
ReplyDelete??whos been looking in my bank account? Yep, thats me $58.60 in checking and $130.50 left on a line of credit and a mountain of bills. LOL All we can do is laugh at it cause everytime we turn around somethings going up except our paychecks. We keep thinking we are voting the right people in office to change this, but its always the same crap. We can only do what we do, until theres nothing left to be done.
ReplyDeleteThe Treasury pays interest to the Federal Reserve for printing the money they use to pay the debt . . . to the Federal Reserve.
ReplyDeleteThe Fed prints the money out of thin air !
When they do so, yours and mine $1 bills suddenly have less value - meaning we will need more of them for the things we buy with them. Hence, the Fed is "inflating" the money supply - monetizing the debt - but collecting interest on the money which they never had to begin with!
The debt is a fabrication. The Government has the right to monetize its own debt without the need for a Fed Reserve Bank (privately owned) to print the money for them.
3:56 Why did Nevada re elect Harry Reid? Because the Republican party elected an extremist idiot as their candidate. Now they just might turn around and do the same thing in the presidential election with exactly the same result.
ReplyDeleteThe scary thing? Our government is staffed with supposedly some of the brightest and best economists in the world. Business titans. PhD's. Harvard geniuses. They all KNOW what we have going on is unstable and unsustainable. There is NO way we can handle the coming debt crunch. They KNOW IT. In the next 12 months, watch what happens to every consumer good --- electricity, food, energy, etc. you've already seen the beginning, with food and gas. What's gonna happen when millions -MILLIONS - of families realize that they can't pay the electric bill and feed their family the same time? Senior citizens can't but medicine and food, too? That it takes 50% of your weekly paycheck just to put gas in the car? Bad stuff is coming. You'd have to be blind NOT to see it....or just plain stupid in a refusal to believe what's right in front of you.
ReplyDeleteTrump 2012.
ReplyDelete"Trump 2012"
ReplyDeleteoh yeah - just what we need - another billionaire to "set things straight"
Are you for real?
Besides, have you watched him on TV? This is the guy you want with the nuclear codes??! No thanks!
Ditto what 8:42 said ....Trump 2012
ReplyDeleteAnd the govt. wants to take over your health care. With almost every govt. entity going broke. The Post Office is broke, Social Security is broke, Medicare and Medicaid are broke and the Govt. itself now going broke. Way to go politicians past and present. We thank you for our country going into the crapper.
ReplyDeleteDrew, maybe if we had a few more extremist in the government maybe the country wouldn't be broke.
ReplyDelete