|
SuzukiSavage.com
/cgi-bin/YaBB.pl General Category >> Politics, Religion (Tall Table) >> 2015 budget /cgi-bin/YaBB.pl?num=1480449002 Message started by WebsterMark on 11/29/16 at 11:50:02 |
|
Title: 2015 budget Post by WebsterMark on 11/29/16 at 11:50:02 Saw this and thought it was fascinating. We lose track of meaning when we talk about really large numbers. This idea was to take the federal budget and turn it into manageable numbers that are closer to what we deal with. USA Tax revenue: $3,248,723,000,000 Federal Budget: $3,687,622,000,000 New Debt: $438,899,000,000 National Debt: $18,150,000,000,000 Recent Proposed Budget Cuts: $55,000,000,000 Now, turn this into thousands of dollars instead of trillions and pretend it’s a house hold budget: Annual Family Income: $32,487 Money Family Spent: $36,876 New Debt on Credit Card: -$4,389 Outstanding Balance on Credit Card: $181,500 Budget Cuts you proposed: $550 |
|
Title: Re: 2015 budget Post by verslagen1 on 11/29/16 at 12:36:10 This is where you turn to the little woman and say 'you need to get a job' and she says... after school or weekends? |
|
Title: Re: 2015 budget Post by justin_o_guy2 on 11/29/16 at 14:14:38 0D3F38292E3F28173B28315A0 wrote:
Fascinating indeed, and your turning into something more understandable and personal is a good move. Budget cuts proposed.. Hmmm.. Wonder what that really means.. But, let's not get derailed by a little detail. Basic question. If you make $32,487.00 / year And You're in debt for almost Six Times that amount And You go to the bank and ask to Borrow 25% of what you Expect to earn next year, What would YOU expect the loan officer to say? How many understand the role of the interest rates? Do you know what would happen if we went back to the policies that paid savers reasonable interest rates? And what is actually DONE with the income tax dollars collected? |
|
Title: Re: 2015 budget Post by WebsterMark on 11/29/16 at 14:51:12 full disclosure, I saw this from 2012 data, i just updated to 2015 data. I didn't come up with it. |
|
Title: Re: 2015 budget Post by justin_o_guy2 on 11/29/16 at 15:44:28 That doesn't change anything. It's just as revealing, either way. The same questions need answered. I wonder how many of our Know it all Know nothing they weren't taught friends will participate. |
|
Title: Re: 2015 budget Post by MnSpring on 11/29/16 at 18:50:48 6A757374696E5F6F5F67757932000 wrote:
No, I am not in Debt, The Debt is, is what is, FORCED, Upon me, By, the, "POCKET STUFFING", Government ! Gee, guess tomorrow, I 'should go', to the Car Dealer, and buy a NEW, 4WH PU, and a NEW, Lexis 4WD SUV, and a NEW, Boat. And let, 'lost', pay for it all! After all, 'Debt', 'WHAT DOES IT MATTER" ? |
|
Title: Re: 2015 budget Post by justin_o_guy2 on 11/29/16 at 22:19:07 You totally failed to follow the analogy. |
|
Title: Re: 2015 budget Post by MnSpring on 11/30/16 at 18:35:59 3D2224233E3908380830222E65570 wrote:
How ? That 62,000.00 + (per person) Debt, by the Government, in the Country I Live in. was NOT, occurred by ME. I Manage, my Spending. ! The Government does, NOT. and they, FORCE, me to, PAY for it ! What MOST people have, FORGOT, is that the People that we elect, do NOT, tell US, what to do. WE, tell THEM, what to do ! THEY, do NOT, Pay our wages, WE, US, Pay Theirs ! |
|
Title: Re: 2015 budget Post by justin_o_guy2 on 11/30/16 at 19:14:42 Annual Family Income: $32,487 Money Family Spent: $36,876 New Debt on Credit Card: -$4,389 Outstanding Balance on Credit Card: $181,500 Budget Cuts you proposed: $550 Make the situation applicable to the common man You Is every man |
|
Title: Re: 2015 budget Post by WebsterMark on 12/01/16 at 05:34:53 It's been said Governments are almost always essentially operating in bankruptcy. If you buy a house, in one way, you are bankrupt because you owe far more than you could pay, but you have to factor in two items. 1) A bank really owns your house and 2) the concept of credit worthiness as an asset. For the US, does the asset of their credit worthiness offset the accumulated debt much in the same way your credit worthiness offsets your debt? Right now and for the foreseeable future, the answer is yes. So the debt on one hand isn't a big issue. What makes it a really big issue is the amount of tax revenue it takes to service that debt. It's an enormous percentage of the budget and that's why the analogy of maximizing the credit card is so very valid. |
|
Title: Re: 2015 budget Post by justin_o_guy2 on 12/01/16 at 15:07:01 AND, you hit the answer to the What do interest rates have to do with things? Japan went down this road. Still, nobody will say what our income tax money pays for. Hint Every dollar America spends is BORROWED. I'm intentionally Not spelling it out. I want to see if anyone connects the dots. The fiscal peril isn't limited to the debt or debt vs. gdp ratio. Don't forget about the unfunded liabilities and the stock market Derivatives. You should look up Derivatives. |
|
Title: Re: 2015 budget Post by MnSpring on 12/01/16 at 15:28:17 " ...A bank really owns your house ..." If you borrow, money, (for a house), the person/business, you borrowed that money from. does not own, that thing. YOU do. You have, borrowed, and agreed to pay, for the use of, someone else’s money. That All ! Just the money ! You know that ! So why say the, (bank), Own’s your house? If a house, a bank, most probably, used that house value, as, collateral, or a guarantee, for repayment of the money, of theirs, that you are using. Only if you don’t pay, Then the (bank), can do a foreclosure or repossession. And Only, after that process is complete, will they, ‘own’, that thing. Before the, ‘bubble’, burst. Many people bought a house, for peanuts down, and financed it, on a, (ARM) (AIM) Adjustable Mortgage/Intrust Rate. Then the next year, the value of the house went up, then the, re-finaced it. on a very low, rate, And the next year, same. Etc etc etc. Lucky ones, bought far enough ahead of the bubble bursting, so they did this, until they got a low, ‘fixed’ rate. Then, bang, the bubble burst. And that house you just bought last year for $200,000.00 is now worth $150,000.00, and YOU owe, $190,000.00 on it. A few, that had good jobs, and had a fixed rate, stuck it out. Most, just walked away ! (And went to Moms & Dads, Basement, to live) But, before they did that, they Lived in that house. FREE, No bank payments, no Taxes, until the (bank) went through, the foreclosure process, which took 6 to 12 months, (Depending on the loan, State, and Contract). Couple of years later, Mon & Dad, KICKED out their kids. (Who paid NOTHING to live their, after all the basement was empty) So the, Rental/Apartments, went Crazy. In fact, many people paid MORE, in monthly Rent payments, then they would have if they could BUY a house. (They couldn’t because most banks saw they just ‘walked away’, from a previous loan) Now, rental is going down, and houses are selling/built again, But they are smaller and more modest. (But their are STILL, people paying More Rent, then they could buy a place to live for) When ‘OUR’, Government borrows money, (or just prints up more paper) they do Not, have a, (house), as collateral. |
|
Title: Re: 2015 budget Post by MnSpring on 12/01/16 at 15:59:58 Make the situation applicable to the common man. You. Is every man. I submit, I, do not owe, the, ‘Government Debt’. It is the People, Responsible, for that debt. Take EVERY, elected Fed Politician, past and present. Every Cabinet member, and all those that get a HUGE, Pension, with OUT paying anything in. (Like Bamas Grandmother, lived in the whitehouse for FREE, food, Free, paid Nothing, yet, Bama, is giving her, $160,000.00 a YEAR for LIFE, for helping with, her, grand children. ( That’s YOUR Money ) Anyway, all the Huge Pension Politicians, Have them write a check for $62,000.00, now. then take 20% OFF, their pensions each year, and that goes to the debt. Then the State Politicians, and they give 10% off their pension. Then stop the funding, to study, the two peck#$ goats, in timbuckto, (and Like), which cost several $100,000.00’s of dollars a year. Stop paying $100.00 for a Hammer. Stop paying, 10.00 for a screw. (and That list, is VERY Long) And in a couple of years, no debt. A Dream? Yea. But it, could happen. Let’s say, you are served breakfast, by your servant. It is hash. You say: "I saw the grocery bill, I paid the grocery bill, Why don’t I get the Steak and Lobster, I paid for". Your, ’servant’ says: “Well that’s MY Breakfast”. Exactly, how long, will that servant be working for ya. ???? |
|
Title: Re: 2015 budget Post by justin_o_guy2 on 12/01/16 at 17:30:57 Who do you think you are preaching to? How many times have I made the point that the cook doesn't get to eat steak and feed the landowner hamburger? And you are STILL failing to grasp the significance of the ANALOGY. look up Analogy. Don't be so literal. Grasp the Concept. National debt/ Household debt If an INDIVIDUAL would be denied a 25% of annual income loan because his debt to income ratio makes him a bad risk Why is a nation that has seen Nothing BUT increased debt and devalued currency somehow still considered credit worthy? Shitfukkinfire, I've been trying So hard to NOT have to explain that. |
|
Title: Re: 2015 budget Post by MnSpring on 12/02/16 at 15:55:07 627D7B7C61665767576F7D713A080 wrote:
Not, ‘preaching’, to anybody. Stating a Opinion. How many times have I made the point that the cook doesn’t get to eat steak and feed the landowner hamburger? Yea, you made that point. I made that point. AND Hundreds of Other people, over several Years, And Several Places, have made that same point. I just added, (in essence), ‘Would You FIRE, that Person”? Hopefully, reminding people, they CAN ‘Fire’ a Politician ! Take a page out of Sarah Brady Book. Where she LIED, Over and Over, and Over, and Over, and Over, and Over, and Oder, ETC,Etc,Etc, For 34 YEARS, (with a 'cute' little 'Sound Bite') Which was not even, REMOTELY Close to the Truth in 1981, and Much LESS Today ! ‘ failing to grasp the significance of the ANALOGY.’ I do understand, ‘Analogy’. The, ’numbers' of Debt, 'analogy', are the same, as the (hamburger, Prime Rib), ‘analogy’. Difference, (over the years) those numbers change, and the ‘pairing’ down, (by just moving a decimal point), to numbers most people understand. Works, to help people, (who tune out the big numbers) People Tune OUT, the number, $18,000.000.000.00 (Perhaps you could, put that into a, comparison, as to, ‘how many, Pick-up trucks it would take to haul, ’that’ many candy bars, (each candy bar costing $1.00) Take a, (Salted nut roll, etc), figure out the sg Inches on one. Then the sq inches of the bed of a PU, and you will come up with a number. ?) National debt/ Household debt The, ’National’ debt, is REAL. However, (again), I submit, it is NOT MY, (OR YOURS), or the Majority of, Tax Paying, Working Citizens, debt. It is the Debt, of the Politician, and the, 'gimme gimmiers. (So let THEM pay it off) (Just thought of a analogy) “Let’s say, you, hire a servant. That Servant, has the power to spend your money, on ’necessary’ things. (You gave it to him) Years later, you find out, YOU, are BROKE ! Because, ‘your servant’, Bought; Castles in Switzerland, Spain, France, Thailand, Brazil, etc. And stocked them all with Servants, and the Finest food/drink. And, hired a servant to serve you breakfast, why he fluttered from Castle to Castle, in a private Jet.” If an INDIVIDUAL would be denied a 25% of annual income loan because his debt to income ratio makes him a bad risk Why is a nation that has seen Nothing BUT increased debt and devalued currency somehow still considered credit worthy? That is a big, “Egg-Zactaly-LY” The, ‘Immigrant’ posts. Most Times, One can read the post, and deterring if the poster, is talking about: LEGAL, Immigrants. OR ILLEGAL, Immigrants. Refugees, who are, ’Truly’ refugees, from some place of a national disaster, or Political fear of their life. OR Refugees, who are LAIRS, and Want to KILL you, and Rule the World ! (Again, for the benefit, of some people, who do NOT post, but Read the posts) |
|
SuzukiSavage.com » Powered by YaBB 2.2! YaBB © 2000-2007. All Rights Reserved. |