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Thread: An easy way to teach the people about the debt ceiling deal

  1. #1

    An easy way to teach the people about the debt ceiling deal

    1. Take the actual numbers from our government's spending.
    2. remove the last 8 zero's and pretend the results are YOUR family budget.

    • Total annual income: $21,700
    • Amount of money spent: $38,200
    • Amount of new debt to be added to the credit card: $16,500
    • Maxed out balance on the credit card: $142,710
    • Credit limit increased to $146,940
    • Amount cut from the budget with recent "deal:" $385

    Still heading toward bankruptcy.



    Edited with corrected numbers based on feedback from amberjack. +rep him for extra homework.

    Edited again at request of simplicity.
    Last edited by Icymudpuppy; 08-11-2011 at 04:51 PM.
    CPT Jack. R. T.
    US Army Resigned - Iraq Vet.
    Level III MACP instructor, USYKA/WYKKO sensei
    Professional Hunter/Trapper/Country living survivalist.



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  3. #2

  4. #3

  5. #4
    would this be "priceless" hmm

  6. #5
    Nice, job. You should add in how the $385 is only cuts from what you were going to spend from future borrowing. Is this yours and can I post it to facebook?
    Dishonest money makes for dishonest people.

    Andrew Napolitano, John Stossel. FOX News Liberty Infiltrators.


    Quote Originally Posted by Inkblots View Post
    Dr. Paul is living rent-free in the minds of the neocons, and for a fiscal conservative, free rent is always a good thing
    NOBP ≠ ABO

  7. #6
    ..
    Last edited by Jace; 09-20-2011 at 11:04 AM.

  8. #7
    Quote Originally Posted by Icymudpuppy View Post
    1. Take the actual numbers from our government's spending.
    2. remove the last 8 zero's and pretend the results are YOUR family budget.

    • Total annual income: $21,700
    • Amount of money spent: $38,200
    • Amount of new debt added to the credit card: $16,500
    • Outstanding balance on the credit card: $142,710
    • Amount cut from the budget with recent "deal:" $385

    Still heading toward bankruptcy.
    This is awesome. KISS (the last S for stupid, is not referring to you of course)

  9. #8
    What source did you use for the numbers, OP?



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  11. #9
    Quote Originally Posted by roho76 View Post
    Is this yours and can I post it to facebook?
    IMO, who cares and yes.
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc
    "You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
    "When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q

    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  12. #10
    Quote Originally Posted by Jace View Post
    Awesome.

    I'm going to send this to my Obama-loving parents.
    Feel free to post their response
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc
    "You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
    "When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q

    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  13. #11
    Quote Originally Posted by roho76 View Post
    Nice, job. You should add in how the $385 is only cuts from what you were going to spend from future borrowing. Is this yours and can I post it to facebook?
    Too complicated; No it's not mine, got it from someone else's comment on Town Hall and reworded it a bit; Yes, put it on facebook.

    Quote Originally Posted by Mahkato View Post
    What source did you use for the numbers, OP?
    I don't know, it's not mine. But it's the best I could find.

    Quote Originally Posted by dannno View Post
    IMO, who cares and yes.
    What he said.
    CPT Jack. R. T.
    US Army Resigned - Iraq Vet.
    Level III MACP instructor, USYKA/WYKKO sensei
    Professional Hunter/Trapper/Country living survivalist.

  14. #12
    Bee-A-Utiful!

    Using this on some hoodwinked Hobbits.

    Thanks.

    +the green thingy.

    Bunkloco
    Fear of man will prove to be a snare, but whoever trusts in the LORD is kept safe. Proverbs 29:25
    "I think the propaganda machine is the biggest problem that we face today in trying to get the truth out to people."
    Ron Paul

    Please watch, subscribe, like, & share, Ron Paul Liberty Report
    BITCHUTE IS A LIBERTY MINDED ALTERNATIVE TO GOOGLE SUBSIDIARY YOUTUBE

  15. #13
    Quote Originally Posted by dannno View Post
    Feel free to post their response
    Posting their response is an imperative now.
    "Corruptisima republica plurimae leges."

    ---- Tacitus

    I love von Mises and Emma Watson

  16. #14
    The only problem I see with it is that at least the first number is wrong. A simple google would destroy credibility:

    Total government revenue for 2011 is at 4.5 trillion (4.459 - http://www.usgovernmentrevenue.com/). I'm not sure how they get $21,700
    Last edited by amberjack; 08-10-2011 at 02:43 PM. Reason: incorrect math

  17. #15
    from: http://www.usgovernmentrevenue.com/

    04,459,000,000,000 - Total US Revenue (2011 est)
    01,645,000,000,000 - Deficit (2011 est)
    18,094,000,000,000 - Debt

    chopping off 8 zeros is:

    $44,590
    $16,450 (61,040 spent)
    $180,940
    Last edited by amberjack; 08-10-2011 at 02:46 PM.

  18. #16
    ok.. after re-looking at the numbers,

    the original poster's numbers.. his first number if roughly half because (I'm guessing) it assumes 1 individual in a 2 individual working family.. this is deceptive because the debt numbers are give for the entire family and not halved.

    If you double the first number ($21700) then the math is roughly accurate



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  20. #17
    Quote Originally Posted by amberjack View Post
    from: http://www.usgovernmentrevenue.com/

    04,459,000,000,000 - Total US Revenue (2011 est)
    01,645,000,000,000 - Deficit (2011 est)
    18,094,000,000,000 - Debt

    chopping off 8 zeros is:

    $44,590
    $16,450 (61,040 spent)
    $180,940
    Thanks for doing additional research. I've edited my original post.
    CPT Jack. R. T.
    US Army Resigned - Iraq Vet.
    Level III MACP instructor, USYKA/WYKKO sensei
    Professional Hunter/Trapper/Country living survivalist.

  21. #18
    Formatted a bit differently:

    1. Take the actual numbers from our government's spending. (2011 est.)
    2. Drop the last 8 zeros and pretend the results are YOUR family budget.

    Total annual income: $44,590
    Actual money spent: $61,040 ($16,450 goes on the credit card)
    New total balance on the credit card: $180,940
    Amount cut from the budget with recent "deal": $385

  22. #19
    Someone should make this into an infographic. Remember to put some citations at the bottom of it.

  23. #20
    Amber Jack, your numbers include federal, state and local government. The OP's were originally just federal spending. That's not to say that your numbers are not equally important, but they are two different(but related) things.
    Last edited by Cutlerzzz; 08-10-2011 at 09:28 PM.

  24. #21
    Quote Originally Posted by Cutlerzzz View Post
    Amber Jack, your numbers include federal, state and local government. The OP's were originally just federal spending. That's not to say that your numbers are not equally important, but they are two different(but related) things.
    good catch.. looks like the original numbers are good then.. we're totally screwed

  25. #22
    Change it back pls.

    What started out as a nice easy explanation has turn into a convoluted explanation.

    Your originals numbers were the easy explanation. Those new numbers are messy.

  26. #23
    Quote Originally Posted by TheNcredibleEgg View Post
    Change it back pls.

    What started out as a nice easy explanation has turn into a convoluted explanation.

    Your originals numbers were the easy explanation. Those new numbers are messy.
    Done.
    CPT Jack. R. T.
    US Army Resigned - Iraq Vet.
    Level III MACP instructor, USYKA/WYKKO sensei
    Professional Hunter/Trapper/Country living survivalist.

  27. #24

    Thumbs up Debt Ceiling for Dummies

    Thanks.
    Last edited by Article V; 08-11-2011 at 12:19 PM.



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  29. #25
    well clearly this means you need to rob your rich neighbor to pay your bills.

  30. #26
    gave this thread 5 stars *****
    ^^ my 2 devaluated cents

  31. #27
    Saw OP content floating around on the Web.

    Some stats about the US government:
    • 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
    Now, remove 8 zeroes 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



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