Jim Thompson wrote:
On Fri, 28 Dec 2012 16:54:48 -0600, Les Cargill
wrote:
Jim Thompson wrote:
US Budget for Dummies.... (from http://tinyurl.com/cv3wlwx )
* 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
...Jim Thompson
It's not a household budget.
Now what?
Are you like Larkin, subject to Ron White's opinion ?:-)
Ron White is an entertainer, last I checked.
Don't those numbers register ominously with you, or are you so left
that you're daft?
The curse-sobriquet "left" is not important here. This here's a matter
of identifying the right model.
If I had wheels, I'd be a bus. I'm not a bus.
Here's the current Federal funds rate:
http://www.newyorkfed.org/markets/om...dfundsdata.cfm
The daily is a *blistering* 0.17%.
...Jim Thompson
--
Les Cargill