Sunday, January 8, 2012

Why the U.S. credit rating was downgraded

This is very good, and it puts the budget mistakes of the USA and Europe into terms we can
all understand.
It rather brilliantly cuts thru all the political doublespeak we get...........

Why the U.S. was downgraded:

* 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

Tip of the hat to Mr Bill Hardee, my septic system guy, for sending that to me.



blue said...

my addition:

Republicans want to decrease spending and lower the debt.
Democrats want to increase spending and raise the debt.

Now tell me again why you are voting for Obama & his ILK ???

Karl Marx said...

Because I have hope and believe in change.

Spider said...

Well done Stevie. But what does it all mean?

It means it's time to go to DC and put all that ammo we've bought to good use.

Pragmatic Poots said...

But first Shpidey, can't we have'm through a 50 B subsidy to the ammo industry to bring down the prices a little bit first?

Spider said...

Sound familiar?

"Every Communist must grasp the truth, “Political power grows out of the barrel of a gun.” Our principle is that the Party commands the gun, and the gun must never be allowed to command the Party. Yet, having guns, we can create Party organizations, as witness the powerful Party organizations which the Eighth Route Army has created in northern China. We can also create cadres, create schools, create culture, create mass movements. Everything in Yenan has been created by having guns. All things grow out of the barrel of a gun. According to the Marxist theory of the state, the army is the chief component of state power. Whoever wants to seize and retain state power must have a strong army. Some people ridicule us as advocates of the “omnipotence of war”. Yes, we are advocates of the omnipotence of revolutionary war; that is good, not bad, it is Marxist. The guns of the Russian Communist Party created socialism. We shall create a democratic republic. Experience in the class struggle in the era of imperialism teaches us that it is only by the power of the gun that the working class and the labouring masses can defeat the armed bourgeoisie and landlords; in this sense we may say that only with guns can the whole world be transformed..."

– Mao Tse-tung
November 6, 1938

Schteveo said...

not ALL Republicans are buying into that.

Romney and Gingrich canNOT be trusted to reduce gub'ment size at ALL. In order of how I think they'll do, given how a (R) Congress will work with them.

Perry (best chance of a great 8 years)

Santorum(he doesn't get the respect of the elected (R) guys) (yet!)

Paul (he's good for ME, but too radical for most (R) voters / Congressmen to follow)

The absolute best scenario is a Perry / Santorum ticket. WHENN they win, WITH a (R) controlled Congress...clean house! Paul at the Fed to dismantle that behemoth, Cain at damned near anything, but something financial. Make him Slash & Burn Czar, to get rid of ALL other Czarista Offices and it has to be done in 18 months or less!

it's amazing how much of Chairman Mao's rhetoric sounds like our Founders speech. It's just the HE knew better how to run things than did the People (in his mind anyway) who were mostly illiterate.

But, I gotta ask. Would China be as they are NOW, if it had not been taken under Mao in the 40's? Yeah I get that Communism is dead @$$ wrong, but he dragged them into the 20th Century. Chinese history is a dragon with many heads and tails, IMHO. I'm just not sure that China free would have grown like Communist China has.

Too many Corrupt Minor Officials before Mao. Taiwan is a hot bed of corruption and graft. And I get that Asia is much different than the West in terms of Bribery. We see it as wrong, they generally see it as business as usual.

The Chinese have cut down on most monetary bribery, but the concept of "Hueng Yau" (Fragrant Grease) is alive and well anyway.

(but let's not forget this is a country where getting caught is a death sentence!)

Anyway, would China BE China as it is NOW, if not for Mao?

(I agree that power comes from the end of a gun though)

Schteveo said...

...and Alan West for Sec Def!

Spider said...

Good point Steve.

Chink Daddy Poots said...

Having been to China many times (wife is a Chinkola) and having seen her Little Red Book, China would not be where they are now w/o Mao. He took more than 50 warring stats and united them. To Mao, communism was a temporary plan for consolidation, to eventually lead to capitalism. And if you walk down the street in Beijing you will see it is much easier to start your own business than here. All through the Cultural Revolution there were underground capitalism going on and they were good at it. Now it's out in the open, the free market in China has exploded --- probably too much. Housing prices dropped 20% last month. 1000Sq ft condo in Beijing was going for 1.5 M , $ US.

Poots 4 NEWTS said...

And Romney is a broad.

Newt Nukem said...

He's done it before, he can do it again

Schteveo said...

ChiCom Shootin Poots,
did you see John Stossel's show about that a few months back?

He went to Hong Kong (controlled by the COM-YOO-NISTS!) and started a business, at a shopping mall, by purchasing a $5.00 Business REGISTRATION. He then paid a months rent (way less than $1000 US) for a small kiosk space at the hawker center. He was selling ABC News Corp. souvenirs, but the pint was that for less than $1000 he HAD a business.

He made the point that it was a registration, not as we have most times, PERMITS. Permits? WhoTF is OUR government to 'permit' us to own or run a business?

But I digress.

Next he went to NYC, where he couldn't find out from the city WHO to get his FIRST 'permit' from, so he could get his OTHER PERMITS. He literally had to contact a NYC Permit Specialist, to ask how to GET STARTED getting his PERMITS (plural). The 'specialist', who is an EX-NYC employee from their permits section makes 7 figures stirring people through the maze. AND he charges by the size of the business and the number / cost of the permits.

He completely avoided the questions about how much his fees and the city's fees raise the cost of business. He avoided the questions about WHY the city needed all the permits. If memory serves, an office about to open has to have a 'permit AND an inspection from the Health Department to make sure they aren't 'really' selling food.

Now that's just stupid.

ANY city inspector for plumbing, electrical, HVAC, etc. should be able to tell, just by walking into the space, that they are looking at an office suites setup not a deli or restaurant. But in NYC, that's too big a stretch.

Stossel went on to say they found the same kinds of things in most of the liberal cities that are struggling with business closures and unemployment. The places that are increasing business and creating jobs, TX, AZ, SD, ND, ID...all have inspectins and 'permits', but at way cheaper prices and much less intrusive levels. He even asked the NYC Permits Guru if he thought NYC was going overboard and asked how many buildings had fallen down or how many people had been killed in TX, AZ, SD, ND, ID because they were NOT using NYC style tactics.

Needless to say, NYC Permit dude didn't have any answers.

B of W said...

All of that nonsenes, I've I have gone through, and continue to, here in NYC is for "hidden taxes" and "gov't job creation"