Look Ma − No Hands − Just My Credit Card (debt)

by Ken Kappel on September 26, 2011

We picked this up from G. Edward Griffin’s web site. Unfiltered News over at Reality zone.

US CASH FLOW MADE SIMPLE
2011 Sep 21 from Dennis Schliewe
This is so simple a third grader can understand it. [Emphasis Added.]

But Politicians can’t, so pay attention to who you vote for in the next election. [Emphasis Added.]

US TAX REVENUE: $2,170,000,000,000 (TRILLION)
FED BUDGET: $3,820,000,000,000 (TRILLION)
NEW DEBT: $1,650,000,000,000 (TRILLION)
NATIONAL DEBT: $14,271,000,000,000 (TRILLION)
RECENT BUDGET CUT: $38,500,000,000 (BILLION)

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
OWED BALANCE ON CREDIT CARD: $142,710
TOTAL BUDGET CUTS: $385

Ken here. If they didn’t have to pay on their debts, the family could live happy by continuing to go right on charging more stuff. That’s a big no-no for families.

Yet, it’s what the Govt. does, adding on to taxpayer debt. There will come a day of reckoning, and it’s getting closer. Get out of debt. Educate yourself right here, so that you can Confront Predatory (illegal) Housing Debt.

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