Clear Fog Blog

Political musings from Warren E. Peterson

National Debt and Soak the Rich Explained

Posted by Warren Peterson on February 25, 2012

Thanks to JM and RK for the following two gems.

Number 1.

This rather brilliantly cuts thru all the political doublespeak we get.
It puts it into a much better perspective.

Lesson # 1:

* 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 ?????

OK now Lesson # 2:
Here’s another way to look at the Debt Ceiling:

Let’s say, You come home from work and find there has been a sewer backup in your neighborhood….
and your home has sewage all the way up to your ceilings.

What do you think you should do ……

Raise the ceilings, or pump out the crap?

Your choice is coming Nov. 2012

Number 2.

Ineptocracy – New Word Could not find it in my old Webster’s. Googled it and discovered it is a recently “coined” new word found on a T shirt on eBay. Getting really close to the bone! Read this one over slowly and absorb the facts that totally are within this sentence!

Ineptocracy (in-ep-toc’-ra-cy) – a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.

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