Rich Galen, a GOP operative and whose weekly e-newsletter I enjoy reading, had this gem to explain just how bad the budget cuts and deficit truly is:
When the Congress and the President decide to come back to work, they will be staring down the barrel of another budget fight. One of the best descriptions of where we are was forwarded to me by Mullster Peter Lynn:
* 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
Let’s now 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
* Outstanding credit card balances: $ 142,710
* Total budget cuts so far: $ 38.50
Oh yeah, the USD is toast. This budget nonsense is nothing more than both parties tinkering at the edges and hoping the idiot voters don’t notice just how friggin’ bad it is.
It’s only a matter of time before the fraud is up.
I’m thinking about moving to southern Europe. It is better to live in a country that is already broke than one that is heading that way. The broke country has already made adjustments on how to live and work. The one going down the drain hasn’t even thought of what is needed to survive.