federal budget 2011= 32,222 per American household

[teacherone]

Per capita is misleading--

$3, 700, 000, 000, 000 / 114, 825, 428 households = $32, 222 per household IN ONE YEAR!

That's a lot of cash

census source. (http://www.census.gov/population/projections/nation/hh-fam/table1n.txt)

[Travlyr]

That's about 1000 pieces of silver. If the taxman had to come knocking on everybody's door on April 15th for 1000 Silver Eagles to finance their antics, then people would be like, GTFO. But NO. The smart bastards figured out how to inflate the 1000 pieces of silver from each family, each year, and then they propagate that later generations will pay for today's bombs. Sure they will you slimy bastards. Sure they will. Where is my grandson going to get the money to pay for your evil deeds? You are taking it all. Cease and desist your criminal behavior, now.

Their days of control are numbered. We are onto their shenanigans. Fiat money must die. The sooner the better!

Real Honest Money in 2012 - FTW!

[Cutlerzzz]

That doesn't even factor in the State and Local governments...

[Johnnybags]

Its the reason we cannot pay the public employee salaries/benes anymore. The FED and Congress are the real problem but they are just as happy to see dimwitted Americans pitted against each other in Wisconsin rather than a FED bank building or Congress itself. As the FED devalues work, increases prices and causes more unemployment the cycle gets worse.

And Obongo says we cannot do the math?

[jclay2]

That is nothing teacherone,

In 2008, there were 143 million tax returns filed. 51 million had no or negative tax liability. The 2010 budget deficit is likely to be over 1.6 trillion. Therefore, our deficit/(taxable returns) is over $ 17,000. Good luck getting 17,000 more out of those returns to balance the budget.

[teacherone]

Its the reason we cannot pay the public employee salaries/benes anymore. The FED and Congress are the real problem but they are just as happy to see dimwitted Americans pitted against each other in Wisconsin rather than a FED bank building or Congress itself. As the FED devalues work, increases prices and causes more unemployment the cycle gets worse.

And Obongo says we cannot do the math?

Could you expand this idea please? I wanted to connect this to the mess with the states but couldn't get my head around it.

Thanks!

[teacherone]

That is nothing teacherone,

In 2008, there were 143 million tax returns filed. 51 million had no or negative tax liability. The 2010 budget deficit is likely to be over 1.6 trillion. Therefore, our deficit/(taxable returns) is over $ 17,000. Good luck getting 17,000 more out of those returns to balance the budget.

So...Only 90 million households are paying taxes?

Each household on average contributes $27,777 in taxes.

Their debt burden is $17,000.

Did I get that right?

[jclay2]

So...Only 90 million households are paying taxes?

Each household on average contributes $27,777 in taxes.

Their debt burden is $17,000.

Did I get that right?

Well, taking 3.7 trillion divided by 92 million taxable returns gives us about $ 40,000 / taxable return. Given that 1.6 trillion is deficit spending, around $ 23,000 will be actual tax revenue while $17,000 will come from borrowing. Therefore, to balance the budget (without cutting spending), we would have to increase the average amount of taxes paid from $ 23,000 to $ 40,000.

[Kregisen]

That's about 1000 pieces of silver. If the taxman had to come knocking on everybody's door on April 15th for 1000 Silver Eagles to finance their antics, then people would be like, GTFO. But NO. The smart bastards figured out how to inflate the 1000 pieces of silver from each family, each year, and then they propagate that later generations will pay for today's bombs. Sure they will you slimy bastards. Sure they will. Where is my grandson going to get the money to pay for your evil deeds? You are taking it all. Cease and desist your criminal behavior, now.

Their days of control are numbered. We are onto their shenanigans. Fiat money must die. The sooner the better!

Real Honest Money in 2012 - FTW!

Inflation rates are around 2-3% a year...the government isn't using inflation to get all their money, it's still virtually all from taxes.

[2young2vote]

How the heck does it take $32,222 per household to run the federal government? Does each household receive $32,222 in benefits every year? I don't think so. In fact, i doubt there are very many houses that do get that much in benefits like through SS and medicare and medicaid etc... Sounds like there are lots of people skimming off the top to me.

[eduardo89]

Don't criticize the budget! Remember, Obama submitted a "fiscally responsible" budget with tons of "investments" for the future! We need to "spend our way to prosperity"

[teacherone]

How the heck does it take $32,222 per household to run the federal government? Does each household receive $32,222 in benefits every year? I don't think so. In fact, i doubt there are very many houses that do get that much in benefits like through SS and medicare and medicaid etc... Sounds like there are lots of people skimming off the top to me.

that's what i was thinking.

we could easily promote this idea-- how absurd is it for the US to be spending 32,000 per family?

where is this money? where are the benefits?

if the US Gov. were a private corporation would you continue to contract it even as it demands higher wages?

[Lymeade-Lady]

Sound like with the local money, the government should be able to pay for all our salaries and we just sit home and blog. :) Personally, I don't need much more than that to live on if I don't have to pay taxes or drive to work, etc.

[Zippyjuan]

Waiting to see what the "fiscally conservative" Republicans who control the House (and who write actual spending legislation) come up with. I don't expect much more out of them either - despite their talk of reducing government and spending.

[sevin]

What!? But last week there were headlines about how Obama cut $1.1 Trillion from the budget.

Wait... estimates? over 10 years?

Fuck.