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Budget issues explained

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The budget explained in simple English:

United States 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 Cut: $38,500,000,000

Now, remove eight zeros and pretend it's a household budget:

Expected Family Income: $21,700
Money The Family Plans to Spend: $38,200
New Debt to go on the Credit Card: $16,500
Existing Balance on Credit Card: $142,710
"Spending cuts" to be proud of: $385


My wife is hotter than your wife.

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>Now, remove eight zeros and pretend it's a household budget:

>Expected Family Income: $21,700
>Money The Family Plans to Spend: $38,200

>"Spending cuts" to be proud of: $385

Good way to visualize it. It's heading in the right direction but it's nowhere near enough.

(And of course next year the democrats will want to increase that $38,200 - and the republicans will want to decrease that $21,700.)

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Actually, Bill, the $385 in "spending cuts" reflects merely a decrease of $385 dollars from the expected increase. So spending isn't "cut" but rather increased, but by $385 less than it would have increased.

[Reply](And of course next year the democrats will want to increase that $38,200 - and the republicans will want to decrease that $21,700.)



Quit being so partisan, Bill. The Republicans also want to increase the $38,200, just as much as the Dems want to try to lower the $21,700.


My wife is hotter than your wife.

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The budget explained in simple English:

United States 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 Cut: $38,500,000,000

Now, remove eight zeros and pretend it's a household budget:

Expected Family Income: $21,700
Money The Family Plans to Spend: $38,200
New Debt to go on the Credit Card: $16,500
Existing Balance on Credit Card: $142,710
"Spending cuts" to be proud of: $385



$21,700 for a family income is pathetic. Send the wife out to work or get a better/second job. Clearly more income is needed to maintain the lifestyle.
...

The only sure way to survive a canopy collision is not to have one.

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That's cool. The big numbers I (and others) bitch and scream about are difficult to get a grasp on. This works, and I'm gonna steal it.
" . . . the lust for power can be just as completely satisfied by suggesting people into loving their servitude as by flogging them and kicking them into obedience." -- Aldous Huxley

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>Now, remove eight zeros and pretend it's a household budget:

>Expected Family Income: $21,700
>Money The Family Plans to Spend: $38,200

>"Spending cuts" to be proud of: $385

Good way to visualize it. It's heading in the right direction but it's nowhere near enough.

(And of course next year the democrats will want to increase that $38,200 - and the republicans will want to decrease that $21,700.)




Which just goes to show that we, the citizens, are the losers. We don't have a chance in hell given our current goobermint bozos.
My reality and yours are quite different.
I think we're all Bozos on this bus.
Falcon5232, SCS8170, SCSA353, POPS9398, DS239

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Actually, Bill, the $385 in "spending cuts" reflects merely a decrease of $385 dollars from the expected increase. So spending isn't "cut" but rather increased, but by $385 less than it would have increased.

[Reply](And of course next year the democrats will want to increase that $38,200 - and the republicans will want to decrease that $21,700.)



Quit being so partisan, Bill. The Republicans also want to increase the $38,200, just as much as the Dems want to try to lower the $21,700.



very partisan -

Both parties want to increase spending. the problem is both want to increase the spending more than any possible increase in the income.

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

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The budget explained in simple English:

United States 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 Cut: $38,500,000,000

Now, remove eight zeros and pretend it's a household budget:

Expected Family Income: $21,700
Money The Family Plans to Spend: $38,200
New Debt to go on the Credit Card: $16,500
Existing Balance on Credit Card: $142,710
"Spending cuts" to be proud of: $385



$21,700 for a family income is pathetic. Send the wife out to work or get a better/second job. Clearly more income is needed to maintain the lifestyle.



Sure, the wife goes out and adds another $20,000. Then the family decides that's a great reason to increase the spending by another $30,000

yay, now it sucks more


In the end, it's that $385 that we should all be ashamed of.

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

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The budget explained in simple English:

United States 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 Cut: $38,500,000,000

Now, remove eight zeros and pretend it's a household budget:

Expected Family Income: $21,700
Money The Family Plans to Spend: $38,200
New Debt to go on the Credit Card: $16,500
Existing Balance on Credit Card: $142,710
"Spending cuts" to be proud of: $385



$21,700 for a family income is pathetic. Send the wife out to work or get a better/second job. Clearly more income is needed to maintain the lifestyle.



Sure, the wife goes out and adds another $20,000. Then the family decides that's a great reason to increase the spending by another $30,000

yay, now it sucks more


In the end, it's that $385 that we should all be ashamed of.



You just want old people and children to starve. Won't someone PLEASE think about the children?

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The budget explained in simple English:

United States 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 Cut: $38,500,000,000

Now, remove eight zeros and pretend it's a household budget:

Expected Family Income: $21,700
Money The Family Plans to Spend: $38,200
New Debt to go on the Credit Card: $16,500
Existing Balance on Credit Card: $142,710
"Spending cuts" to be proud of: $385



$21,700 for a family income is pathetic. Send the wife out to work or get a better/second job. Clearly more income is needed to maintain the lifestyle.



OR

They could alter the life style and live within means.

OR

They cold alter the life style and add a second job (Adding revenue) and live within means.

Matt
An Instructors first concern is student safety.
So, start being safe, first!!!

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Interesting way to visualize the situation. However, don't forget to add in that there's a new baby on the way. The growth of the social security/medicare eligible population as a result of the retirement of the baby boom generation is something that will have to be accommodated, and unlike your hypothetical family the "gooberment" does not have the option of birth control. The alternative will be more akin to putting the grandparents out on an ice floe, except that this will require putting them out there despite the fact that for their whole working lives they paid into a system that was supposed to protect them from that fate.

Don
_____________________________________
Tolerance is the cost we must pay for our adventure in liberty. (Dworkin, 1996)
“Education is not filling a bucket, but lighting a fire.” (Yeats)

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They could alter the life style and live within means.

Sure. Like maybe they don't really need to pay between $7,600 and $19,000 (depending on how you figure it) to be protected from barbarian hordes.

Don
_____________________________________
Tolerance is the cost we must pay for our adventure in liberty. (Dworkin, 1996)
“Education is not filling a bucket, but lighting a fire.” (Yeats)

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the $385 in "spending cuts" reflects merely a decrease of $385 dollars from the expected increase. So spending isn't "cut" but rather increased, but by $385 less than it would have increased



:S How come you never hear either party talk about this? Drives me nuts.

Raise taxes on the weathy. Cut spending by 10% CUT not cut the increase. Every penny of the new taxs goes to pay down the debt.
Kevin Keenan is my hero, a double FUP, he does so much with so little

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They could alter the life style and live within means.

Sure. Like maybe they don't really need to pay between $7,600 and $19,000 (depending on how you figure it) to be protected from barbarian hordes.

Don



There are cuts to be made there for sure. It still means not spending more than you have.

Matt
An Instructors first concern is student safety.
So, start being safe, first!!!

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They cold alter the life style and add a second job (Adding revenue) and live within means.



really the most effective way to do it.



Not
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

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Sure, the wife goes out and adds another $20,000. Then the family decides that's a great reason to increase the spending by another $30,000



No. it doesn't work that way. If that happened then there would be a projected revenue. Thus, it would become:

Expected Family Income: $21,700 $41,700
Money The Family Planned to Spend: $38,200
Money family plans to spend b/c new revenues: $73,407
New Debt to go on the Credit Card: $16,500 $31,707
Existing Balance on Credit Card: $142,710
"Spending cuts" to be proud of: $385 $740

Then they would claim that they nearly doubled the spending cuts. And still hope that the wife finds a job to make $20k per year.


My wife is hotter than your wife.

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the $385 in "spending cuts" reflects merely a decrease of $385 dollars from the expected increase. So spending isn't "cut" but rather increased, but by $385 less than it would have increased



:S How come you never hear either party talk about this? Drives me nuts.

Raise taxes on the weathy. Cut spending by 10% CUT not cut the increase. Every penny of the new taxs goes to pay down the debt.


A - Raise taxes on everyone. Everyone.

B - Actually cut spending by more than 10% (this is the part they can't bear to do, so all the rest is pointless). really cut, not shellgames or futile gestures.

pay down debt with excess - provided provided that A and B are big enough to actually overbalance the budget where we'd have excess


B is the tough part - it's political suicide

A is the tough part - it's political suicide

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

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Not



Well, you were able to spell it correctly. I'll give you that.



Another selective spelling Nazi

Do you belong to a guild or association to make it official?
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

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