I think Obama and Co have been listening to the Beatles way too much.

Take a deep breath.

Get out your calculator.

And read This.

Now lets break this down.

Thats 221 Billion with a capital “B” boys and girls in 30 days.

Spending was $328 billion. We have a income of $107 Billion. That means we are spending almost three times what we as a country are earning.

In simple terms if you and your spouse, or you by yourself make $50,000 a year. This would be the equivalent to you spending $150,000 a year.

What would happen to you?

Credit cards?

Interests rate?

Bill Collectors?

Foreclosure?

Bankruptcy?

Take it another step. the federal Government could go to every man woman and child in America right now and ask us for $2,000 this month. We would only just pay that money.

But they would still not have enough for next month.

This is the single largest deficit in American History. Ever. Period.

Another comparison. Greece and Dubai are both in severe unrest with $20 Billion dollars in the hole. That is built up over years.

We just blew through that about 110 times. In 30 days.

Effectively we are spending $2 for every dollar that the US Government earns.

There is nothing balanced about this. There is nothing logical about this. There is nothing even sane about this.

I’m not a Accountant. I do have a degree in Business Management. I can read profits, losses, and see trends. I’m not an expert but I’m not a drooling idiot either.

Folks we need to wake up and fast. This is a road to ruin, not profit.

Congress raised the debt ceiling by $300 billion in December. In late January, they voted to raise it again by $1.9 trillion. The Congressional Budget Office says they ran through that $1.9 trillion by the end of February.

This means that the record breaking deficit we just had? It can be broken, and broken in to small tiny pieces.

Want another example to show you just how serious this is?

The US Government Bailed out General Motors for practices similar to this because it was on the verge of collapse.

Whose going to bail us out?

China?

Until something is done I can show you who.

You. And everyone else behind you.

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This entry was posted on Wednesday, March 10th, 2010 at 14:11 and is filed under Gaining Wisdom, Politics. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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3 Comments(+Add)

1   Argent    http://www.aaronpoeze.com/
March 10th, 2010 at 23:08

Responsibility seems to be a foreign concept in US economic politics.

2   Bloodspite    http://www.registeredevil.com
March 11th, 2010 at 07:39

Unfortunately I have to agree with you, at least currently.

3   Lundholm    http://www.goarticles.com/
March 11th, 2010 at 16:55

I don’t intend to be too “in your face” with this, and I know it’s completely unrelated but I’m just going to say it anyway! Whhhhhaat the heck has Obama been smoking these days? There, I got it off my chest! :)

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