US Debt Clock
Pay attention. You may have difficulty thinking logically, with conclusions from facts, not feelings. Take a deep breath, clear the mush from your mind, and THINK!
Lesson #1: On spending.
* 2012 federal tax revenue: $2,627,500,000,000
* 2012 federal budget: $3,728,700,000,000
* 2012 new debt: $1,101,200,000,000
* 2012 national debt: $16,654,300,000,000 (and still counting!)
* 2011 budget cuts: $38,500,000,000
Now, let's remove eight zeros and pretend it's a household budget:
* Annual family income: $26,275
* Money the family spent: $37,287
* New debt on the credit card: $11,012 (29.5% of spending)
* Balance on the credit card: $166,543
* Total budget cuts so far: $38.50
Got it? Now, do we have a spending problem in the home? Do we not also have a spending problem in the nation?
Lesson #2: On the debt ceiling.
You come home to find that the sewer backed up. Your home has sewage up to the ceiling. What should you do: Raise the ceiling, or remove the crap? Oh, this argument has one weakness: Crap is free, but when the federal government borrows and spends money that it does not have – that is not free!
Conclusion: By way of primer instruction in logic, these are arguments by analogy. (You may want to look up the term “analogy,” as you may not understand it.) The reasoning is sound. (Look up the formal, logical meaning of “sound.”)
Do you want “free” or guvermint subsidized healthcare, housing, and food? Do you want a guaranteed job, with guaranteed income, and guaranteed retirement income? Do you want our grate nashun to keep spending more than it takes in? If so, here’s your new fed-derail tax form:
Line One: How much did you earn last year?
Line Two: Send it in!
You know, the type of so$ialist state that we are becoming was tried in another country. That was the former Soviet Union. It fell in 1991.