Monday, December 31, 2012

Can Anyone Argue That the Debt is Unsustainable After This?

This is why the "Fiscal Cliff" deal is just another step down the road to economic failure.  Our politicians know this, but are too cowardly to actually take any steps that might help our country.  They are only concerned about their careers and what they can get from Washington while they are in power.  Any politician who votes for the "Fiscal Cliff" deal that raises taxes on ANY American needs to be voted out in 2014.  Cutting spending RIGHT NOW is the only way to save our country.


Here is a real eye opener regarding our debt and government spending:

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 so far: $38.50

 Via The Blaze

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