If you know of Dave Ramsey you know he is a sharp guy who believes in economic honesty and truth in finances.
Most of us cannot think in Billions and trillions so it is far above our heads. In America we have depended on ‘smart’ people we send to Washington to watch our countries finances. They know how much money we have, and are supposed to use that to run the country. You know, fix the roads, pay the military, protect the country, help the less fortunate with housing, hospitals etc.
What they have done is spent much more than is coming in, so like the good old American family, they borrowed. Now see if you can get your hands around this statement by Dave Ramsey:
"If the US Government was a family, it would be earning $58,000 a year, but they spend $75,000 a year, and have $327,000 in credit card debt.
Now they are currently proposing "big" spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget and debt, reduced to a level that we can understand. —Dave Ramsey"
Now to add to that, this family (the USA), if they are able to lower their spending to $72K they (we) will still be going debt about $17,000 a year ($72K-$58K), therefore their outstanding debt next year will be not $327,000 but $344,000.
That is not good, but if the next few years they cut back to spending $65,000 they will still be going in debt, but less.
PROBLEM: WHO WILL GET HURT IN THE CUTS? SOMEBODY MUST AND SOMEBODY WILL, IT WILL BE THE PERSONS WHO CAN CAUSE THE LEAST TROUBLE IN VOTES, BET ON IT.
(You ain’t taking my bottle)
Tax the Rich, that is the cry of the majority. Listen up, you are asking the Rich to tax the Rich. Are you serious? The majority of your congressmen are ‘rich’ (It ain’t called the millionaires club for nothing, the majority of rich, are Democrats, but the Republicans are pretty close.). However, if you did raise tax on the rich by 20% you would not raise enough to pay one program we are going to lose.
The only Tax option being offered, is the ‘Fair Tax’, they are pushing a great option. It would benefit the less fortunate and tax everyone the same.
Thanks for visiting the log,
PS: Folks say,”China owns us, Nah, not even close, we do owe them the most, but Japan is way up there. We owe China less than two trillion dollars, somebody send them a check!”
Understanding Engineers #2
To the optimist, the glass is half-full. To the pessimist, the glass is half-empty. To the engineer, the glass is twice as big as it needs to be.
Car or the day:
Plexiglas 1939 Pontiac Built for the 1939 Worlds fair.
Sorta ugly, but unique, looks like the gov’t taxed its clothes.