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Best Way To Understand U.S. Deficit Problem

September 23, 2011 By Godfadr Leave a Comment

There has been a lot of talk about the deficit and budget. How much do we cut? How much is enough?

This was sent to me and should spell it out, in plain English, in numbers we can all understand…….

• 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 cut: $ 38,500,000,000

Now let’s 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

Seems to me that a household would never be able to survive…how can a government?

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Filed Under Rants Tagged With Explain US deficit, how to explain budget crisis, US budget in household numbers, US economy, what is budget problem

What I Have Learned About Humanity and Politics

November 9, 2009 By Godfadr 3 Comments

political candidate uid 111I get about 50 emails a week from Republicans, Democrats, and Independents. Here is what I have learned about the human condition, the internet, and politics lately…

1. Absent factual information, both Political parties (and their followers) make crap up. Absent new information, stuff gets made up at a greater rate.

2. Information does not need to be factual; as long as it is emailed to someone it apparently becomes fact. People fuel their own fears without any help. Emails should come with the disclaimer: “Some of the information found in this email is complete fiction. Read accordingly.”

3. Blame can be pointed to whomever you choose; actual responsible parties need not apply.

4. Educated people just may be more dangerous than uneducated.

5. If you are a television personality, just keep increasing the severity of your comments until you get attention. Ratings will increase and the bar for future inane comments will have been successfully raised.

6. None of the problems in the US are black and white; surprisingly though, opinionated people think all the answers are.

7. If I am to believe emails: all Democrats are Socialist, all Republicans are Communist, and all Independents are simply not knowledgeable.

8. Age has nothing to do with wisdom, some children can only go downhill in their viewpoints as they get older.

Did I miss anything?

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Filed Under Culture Tagged With Socialism, US economy, What I Have Learned About Humanity and Politics, Who is at fault

Do I Have to Spell it Out? No Deficit Spending!

June 23, 2009 By Godfadr 3 Comments

deficit285Depending on which side you are on, Republicans are seen as radical proponents of separating the classes and Democrats are seen as left-wing nut jobs focused only on helping those that won’t help themselves. Of course the reality is far more intricate.

Both parties are now measured by their “pet projects.” Depending on which side of the fence you are on everything on the other side is just plain stupid. Alas, although the debates at your local Starbucks may be heated and entertaining, all of that conversational “noise” keeps us from addressing the real solution;

Fix the deficit and you have enough money for whatever you want to focus on. [Read more...]

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Filed Under Economy Tagged With Deficit Spending, US Deficit, US economy, Why can't we print more money?

Taxpayers Risk $9.7 Trillion on Bailout?!

February 9, 2009 By Godfadr 3 Comments

I don’t normally cut and paste an article from another source (actually, I am not sure I every have) but Bloomberg seemed to sum it up nicely for me this morning. From Bloomberg News…

U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes 

     Feb. 9 (Bloomberg) — The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages. [Read more...]

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Filed Under Economy Tagged With bailout, Bailout out of control, Taxpayers Risk $9.7 Trillion, US economy

Citigroup Grounds New Corporate Jet

January 27, 2009 By Godfadr 4 Comments

If common sense doesn’t work, why not try some old fashioned bullying? To date, Citigroup has received $45 billion in bailout money. So you would think the company would be making every cut they can to survive and use the money wisely – too bad it takes a call out from the President of the U.S. to get you to start thinking correctly. [Read more...]

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Filed Under Economy Tagged With bailout money, Citigroup Grounds New Corporate Jet, Citigroup jet, Economy, Fed Bailout what is the money spent on, US economy

The “R” Word: It’s Finally “Official”

December 2, 2008 By Godfadr 4 Comments

I think if you asked just about anyone this year if we were in a recession they would have responded “yes.” Of course it just can’t officially be a recession until The National Bureau of Economic Research says it is.

[Read more...]

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Filed Under Economy Tagged With Economic forecast, Federal Reserve Chairman Ben Bernanke, Recession, Recession since 2007, The National Bureau of Economic Research, Treasury Secretary Henry Paulson, US economy

What Caused the Economic Collapse?

October 14, 2008 By Godfadr 2 Comments

Even as we fight to recover, there is a lot of blamestorming* going around in Washington right now as to who was responsible for the economic downturn. The Democrats of course blame the Republicans and vice-versa.*(ok, not a real word, but I like it). [Read more...]

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Filed Under Economy Tagged With Economic Crisis, Economic forecast, Economy, Government Bailout, Government Spending, US economy, US Economy in Trouble, What Caused the Economic Collapse?
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