OK let’s put this down so that even liberals can understand it… I’ll type slow because I know they do not read to fast.
Say you make about … and let be really generous and give you $100,000.00 year… ok got that, that’s big money in small town America! Not so much in the liberal controlled urban area thanks to union and taxes that have driven jobs overseas… thanks liberals.
Ok let say you set down at the kitchen table push the kids school books and stacks of mail most of which are bills to the side and with a big plate of Hamburger Helper and a Sun Drop soda you start looking at your household budget… you figure up you mortgage, federal taxes, car payments, state taxes, insurance, local taxes, gas, school taxes, electric, property taxes, cable, 911 taxes, phone, car taxes, internet, sales taxes, food, maintenance on all it, dance lesson, piano lesson, charity, braces, doctor visit, all your other 100′s miscellaneous bills and taxes you have to pay throughout the year plus the money you give to a couple of deadbeat adult children still living at home eating your food, using your electric, not paying any rent and to lazy to work, you add it up and it come to 101,850.00… what do you do? You have no money to put back, no money for emergencies, no money for anything and you still own $1,850.00 more than you are going to make all year… what do you do!! You already had to carry some $9,985.80 over that’s been collecting from previous years, you can’t continue to carry over debt it’s got to be paid. The creditors wants there money. But to be fair you go ahead the project a couple of more years maybe things will look up… and you find they don’t in 2010 you still be making a $100,000 but your bills will be $101,588.80… now you owe $14,456.3o more than you are taking in.. it get’s better in 2011 the total is up to $15,673.90 in 2012 it’s $16,565.70 and it just keeps going up, what do you do? Well if you have common sense you cut expenses and you start with some tough love telling the deadbeat children to get a job or get out, you cut out the luxuries of eating out, going on vacation, you dial back the heat and clip some coupons, you forgo luxuries because you HAVE to get your expenses down, you have no choice – you live within your means or you file bankruptcy!
Well those are the amount the Federal Government is over spending every year minus a bunch of zeros. We went into this year with $9,985,000,000,000.00 in debt, Obama has spent and extra $1,850,000,000,000.00 over our take home pay just this years and the outlook is bleak for as far as the eye can see…
And these amounts are WITHOUT healthcare! Projected to be $2,500,000,000,000.00 over the next 10 years fully ran… not the phony fuzzy number they have promoted.
YEAR (est.) – FEDERAL DEBT – % of GDP
2009 (est.) – $12,867,500,000,000.00 – 90.4%
2010 (est.) – $14,456,300,000,000.00 – 98.1%
2011 (est.) – $15,673,900,000,000.00 – 101.0%
2012 (est.) – $16,565,700,000,000.00 – 100.6%
2013 (est.) – $17,440,200,000,000.00 – 99.7%
2014 (est.) – $18,350,000,000,000.00 – 99.%
So what do we do? Well let start with the deadbeat citizen that set around sucking up tax dollars and not paying a dime in.. cut them off cold turkey and tell them you’ve had your hand out to long it’s time to get off the wagon and help push it, then let cut the size of government by about 50% and abolish the IRS and the 16th amendment, institute a national sales tax (fair tax) so everybody get the joy of paying into the national coffers. Mandate that government spending is held the a maximum of 20% of GDP in peacetime and 25% in wartime (Under Obama it has grown to 45.34%) Mandate a balanced budget, mandate no earmarks each congressional request must stand on it’s own, and void automatic pay raises for government… federal election are held every 2 years in every state and it can be voted on by the public the to if congress and government gets a raise… divide it up between military and civil servants. No sense in punishing the military for the lack of performance from the known slackers of Washington.
But that’s just me….
Drowning in debt: Obama’s spending and borrowing leaves U.S. gasping for air