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  1. #1
    Veteran BigGameHunter's Avatar
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    Not Politics...Just Math

    Here is what is most important ....simplified
    Why we will never be financially strong unless we all understand...
    National Debt Explained
    * 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
    To put in perspective .....
    Remove eight zeros and pretend it's YOUR household budget:
    * Annual family income: $ 21,700
    * Money your family spent: $ 38,200
    * New debt on your credit card: $ 16,500
    * Outstanding balance on your credit card: $142,710
    * Total budget cuts: $ 385
    Got It ?
    Forget the he said she said ....all the B.S The last 2 administrations spent like crazy. There not enough ways to raise taxes in order to get the house in order unless we stop spending first.

  2. #2
    Palestinean Prophet Yaya's Avatar
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    Re: Not Politics...Just Math

    minister for president
    There's nothing like a slice of tiller to get your day started -PFM

    Dizz - you're white. Please dont say nigga - DieYoungStrong

    DONALD TRUMP 2016

  3. #3
    Senior Member coltmc4545's Avatar
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    Re: Not Politics...Just Math

    Stop the war and cut down on the glorious war on drugs and watch that budget and debt plummet. There, I just fixed America.

  4. #4
    Elite Bro Bundy's Avatar
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    Re: Not Politics...Just Math

    what happens if we just say up yours we aint payin shit

  5. #5
    Banned Tilltheend's Avatar
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    Re: Not Politics...Just Math

    Maybe they have a hidden agenda to bankrupt the US to switch to a new currency that benefits them? They need to limit what these idiots are allowed to do.

  6. #6
    Member Chainman's Avatar
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    Re: Not Politics...Just Math

    I doesn't help that 1/3 of the people in this country are getting some sort of financial aid......and ya the war on drugs is a joke!!

  7. #7
    Senior Member BigFella's Avatar
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    Re: Not Politics...Just Math

    China owns you. But they are waiting until it gets a whole lot worse unil they call in their marker.

  8. #8
    Elite DarksideSix's Avatar
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    Re: Not Politics...Just Math

    China will never own us, it's sad to say but if the day ever comes they wanna cash in, the U.S will just say **** you lets go to war, and whatever president is in office at that time will use it as a "lets take american jobs back from the Chinese" and he'll be a hero.

    It's like the street hustler who takes out a lown from a lown shark and loses, he pays the vig for a while why he can until it gets too much to handle and then he takes the lownshark out behind the playground and puts 2 in his head. nature of the beast.
    "Whatever life throws at you, put it on the bar and press it"

  9. #9
    Elite bubbagump's Avatar
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    Re: Not Politics...Just Math

    The middle class will be gone in a few years. 47%of the country is on welfare and thats provided mostly by the middle class taxes.

  10. #10
    Elite Capt'n Ron's Avatar
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    Re: Not Politics...Just Math

    I like the family budget comparison. It is a start at seeing how bad things are. China still holds a huge pile of our old debt. The crazy thing is for the last couple years we have been loaning the money to ourselves. You can think of it as printing money with one hand and loaning it to the other hand. The Treasury dept holds a bond auction to raise money. In the past China would buy most of it, now the Federal reserve buys most of it. The latest QE3 has the Fed buying up mortgages from banks with this same funny money at the rate of 20 billion/mo. and forecast to go on for years. All this new funny money floating around means the debt china holds is worth a lot less and if you as a regular guy had any savings or investments they are devalued too. So basically we told the loan shark, here we will pay the vig this week with part real money and part newspaper clippings. We got the real money by raiding our kids piggy banks and replacing that with clippings too. We can't get out of this hole by raising taxes even up to 100% and we can't get out by trimming spending. We can only get out by growing the economy. In our family, the Kids need to get jobs and contribute too. Lazy uncle Jim has got to get up from in front of the TV and start working and chipping in. If the Gov would get out of the way of business, stop picking winners and losers based on what party they contribute to, and stop making it easier to sit back and take assistance than it is to find work, we can get going again without having to take China behind the shed and seeing who comes out alive.

  11. #11
    Elite bubbagump's Avatar
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    Re: Not Politics...Just Math

    This should sum it up.



  12. #12
    Elite TheLupinator's Avatar
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    Re: Not Politics...Just Math

    China knows we can't pay so wtf are they gonna say pay all of it..thats a sure fire way to end up with nothing. Printing money isn't going to solve shit, the fed buying all those bonds just seems like a publicity stunt..
    I <3 My Source

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