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Thread: This I Actually Understand!!!

  1. #1
    Senior Member HPL's Avatar
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    Default This I Actually Understand!!!

    Here are a couple of economics lessons in terms that I can really understand.

    Lesson # 1:

    * 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 balance on the credit card: $142,710

    *
    Total budget cuts so far: $38.50 !!!!

    Got It ?????

    OK now,

    Lesson # 2:


    Here's another way to look at the Debt Ceiling:

    Let's say, You come home from work and find

    there has been a sewer backup in your neighborhood....
    and your home has sewage all the way up to your ceilings.

    What do you think you should do ......

    Raise the ceilings, or remove the sewage?



    Any doctrine that weakens personal responsibility for judgment and for action helps create the attitudes that welcome and support the totalitarian state.
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  2. #2
    Senior Member BonMallari's Avatar
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    claim a catastrophic loss on the property, sue the city, and move to a new neighborhood with the proceeds from the settlement
    All my Exes live in Texas

    Quote Originally Posted by lanse brown View Post
    A few things that I learned still ring true. "Lanse when you get a gift, say thank you and walk away. When you get a screwing walk away. You are going to get a lot more screwings than gifts"

  3. #3
    Senior Member huntinman's Avatar
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    Quote Originally Posted by BonMallari View Post
    claim a catastrophic loss on the property, sue the city, and move to a new neighborhood with the proceeds from the settlement
    Where you gonna go? Mexico?
    Bill Davis

  4. #4
    Senior Member road kill's Avatar
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    Quote Originally Posted by huntinman View Post
    Where you gonna go? Mexico?
    You can get free guns there!!!!
    Stan b & Elvis

  5. #5
    Senior Member BonMallari's Avatar
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    Quote Originally Posted by huntinman View Post
    Where you gonna go? Mexico?
    go to the same place the POTUS goes.....Hawaii
    All my Exes live in Texas

    Quote Originally Posted by lanse brown View Post
    A few things that I learned still ring true. "Lanse when you get a gift, say thank you and walk away. When you get a screwing walk away. You are going to get a lot more screwings than gifts"

  6. #6
    Senior Member zeus3925's Avatar
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    Been to Hawaii. Arthur Godfrey would roll over in his grave if he could see it now. Paradise....Not!
    Zeus

    I don't want to feed an ugly dog!

  7. #7
    Senior Member BonMallari's Avatar
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    Quote Originally Posted by zeus3925 View Post
    Been to Hawaii. Arthur Godfrey would roll over in his grave if he could see it now. Paradise....Not!
    probably because you are a haole (white guy)..when I went I had more people asking me for directions, I went to a luau and they put a microphone in my face and ask what island I was from....I told them "Dallas Texas"...

    personally would get island fever if I ever had to live there
    All my Exes live in Texas

    Quote Originally Posted by lanse brown View Post
    A few things that I learned still ring true. "Lanse when you get a gift, say thank you and walk away. When you get a screwing walk away. You are going to get a lot more screwings than gifts"

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