Why S&P Downgraded the US: U.S. Tax revenue: $2,170,000,000,000 Federal budget: $3,820,000,000,000 New debt: $1,650,000,000,000 National debt: $14,271,000,000,000 Recent (April) budget cuts: $38,500,000,000 Let's remove 8 zeros and pretend it's a household budget: Annual family income: $21,700 Money the family spent: $38,200 New debt (this year) on the credit card: $16,500 Outstanding balance on credit card: $142,710 Budget cuts: $385
yeah, our country runs on credit just like all the rest sheer ignorance and stupidity to buy into that game ive never owned a credit card never bought on credit and i sure as hell wont start now
There is "sheer ignorance and stupidity" and then we have Geithner to takes "sheer ignorance and stupidity" to new levels...
In other words he's saying "hey we've buried the current generation and the next two as well. So we need to go for the Great Grandchildren" Or did I misread that? Take care Be safe, Poacher.
