1. We are sorrowed to report that one of the Founding Members has passed on. Dee (Righthand) is well remembered as contributing much to the operation of SurvivalMonkey, and is already greatly missed. Little lady, big person.

Why S&P Downgraded the US

Discussion in 'General Discussion' started by Tikka, Sep 25, 2011.


  1. Tikka

    Tikka Monkey+++

    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
     
  2. beast

    beast backwoodsman

    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
     
  3. Tikka

    Tikka Monkey+++

    There is "sheer ignorance and stupidity" and then we have Geithner to takes "sheer ignorance and stupidity" to new levels...

     
  4. poacher

    poacher Monkey+++ Founding Member

    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.
     
  5. Witch Doctor 01

    Witch Doctor 01 Mojo Maker

    let's just report our credit card as stolen, pay the $50 fine and be done with it
     
    BackwoodsmanUSA likes this.
  6. BTPost

    BTPost Stumpy Old Fart Snow Monkey Moderator

    I don't think China has the same Rules for their Loans, as VISA or Mastercard....
     
  7. Witch Doctor 01

    Witch Doctor 01 Mojo Maker

    It was worth a try...
     
survivalmonkey SSL seal        survivalmonkey.com warrant canary
17282WuJHksJ9798f34razfKbPATqTq9E7