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Les Cargill[_3_] Les Cargill[_3_] is offline
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Default US Budget for Dummies....

Jim Thompson wrote:
On Fri, 28 Dec 2012 17:31:39 -0600, Les Cargill
wrote:

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.


Ron White is a philosopher and sage. Surely you've heard of the Texas
Sage ?:-}


But of course!


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


For the slow-minded, it was a RELATIVISTIC comparison.


I had no idea we were going that fast! My bad.

Now I expect SLOWMAN to butt in here ;-)

...Jim Thompson

--
Les Cargill