We are all worried about what is going to happen economically in the near future. The following is one way of looking at the facts.
-U.S. tax revenue: $2,303,000,000,000
-Federal budget: $3,603,000,000,000
-New debt: $1,300,000,000,000
-National Debt: $14,800,000,000,000
-Recent budget cuts: $ 38,500,000,000
To put into perspective what is going on lets eliminate 8 of the zeros in each line item and pretend it's a household budget.
-Annual family income: $23,030
-Money spent by family: $36,030
-Added balance to Credit Card: $13,000
-Outstanding balance of Credit Card: $148,000
-Total budget cuts: $385
Got it? There is absolutely, 100% for sure, going to be massive inflation of the dollar. But what the heck, lets have fun now and to hell with responsibility and sanity. A lot of fools have ran-up family debt to ridiculous numbers [I have an old friend with $35 grand in credit card debt!]. But people with 10 grand and plus credit card debt are simply people with their heads in the sand. I guess the federal government is much worse...they have their head up their XXX.
-U.S. tax revenue: $2,303,000,000,000
-Federal budget: $3,603,000,000,000
-New debt: $1,300,000,000,000
-National Debt: $14,800,000,000,000
-Recent budget cuts: $ 38,500,000,000
To put into perspective what is going on lets eliminate 8 of the zeros in each line item and pretend it's a household budget.
-Annual family income: $23,030
-Money spent by family: $36,030
-Added balance to Credit Card: $13,000
-Outstanding balance of Credit Card: $148,000
-Total budget cuts: $385
Got it? There is absolutely, 100% for sure, going to be massive inflation of the dollar. But what the heck, lets have fun now and to hell with responsibility and sanity. A lot of fools have ran-up family debt to ridiculous numbers [I have an old friend with $35 grand in credit card debt!]. But people with 10 grand and plus credit card debt are simply people with their heads in the sand. I guess the federal government is much worse...they have their head up their XXX.