$222 Billion this year for Interest $570 Billion by 2022

[corpgator]

Originally Posted by mocgator

The following numbers should tell you what kind of disaster the US is heading towards, due largely to Reid and Obama's fiscal dishonesty.

* 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

The government is a part of the people. US GDP is 16 trillion+ That's what you should be considering as income.

[gator996]

Originally Posted by mocgator

The following numbers should tell you what kind of disaster the US is heading towards, due largely to Reid and Obama's fiscal dishonesty.

* 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

The reason why this example is bogus is what obob is trying to tell you.

The U.S.A. isn't like a household...the earning potential of the U.S.A. can go MUCH MUCH HIGHER, and much more quickly than the $21,700 homeowner can change the earning potential of an average homeowner...that's national income is when things are horrible.

And if you really buy that example...wouldn't you admit the income has to go up right now to slow this thing down?

Even if you could cut the spending to zero, which you can't...
...you still have the outstanding to settle.


If this example is correct...You should be in favor raising taxes to paydown the outstanding while stopping all spending.

Do you believe in society at all?