You’ve probably heard it before, but it bears repeating. Our elected officials seem to care less about the well being of their constituents, as is their sworn obligation, but rather more about their own place at the food trough. They continue to kick the fiscal can down the road at the expense of the American taxpayer (and our children).
Consider this, as of this writing:
The Mind-Blowing Concept of a Trillion
A singleTRILLION is really hard for most people to understand. It’s such a large number, that it often helps to break it down into more ‘realistic’ values.
For instance, most people still consider a million dollars to be a great deal of money. And it is. The president has even gone so far to say that families making more than $250,000 should be considered as ‘rich’.
So by the president’s own standard, there are 4 ‘rich’ families in every million dollars of debt. That means there are 4,000 ‘rich’ families in a billion.
Can you do the math?
It takes 4 MILLION ‘rich’ families to generate a TRILLION dollars. That is more than the population of EVERY AMERICAN city outside of New York City. It’s larger than Los Angeles, Chicago, Houston and Philadelphia.
Taking it to the current debt level of roughly $17TT, it would take 100% of the gross annual earninings of 68 MILLION ‘rich’ families to knock out the current debt. That is more than the ENTIRE POPULATION of the top 120 American cities combined!
Now look at our current fiscal situation by the actual numbers:
U.S. Tax Revenue: $2,170,000,000,000
Federal Budget: $3,820,000,000,000
New Debt: $1,650,000,000,000
Current National Debt: $16,500,000,000,000
Next, let’s remove 8 zeros from all the numbers and pretend it is a typical US household budget:
Annual Family Income: $21,700
Money the Family Spent: $38,200
New Debt on Credit Card: $16,500
Outstanding Balance on Credit Card: $165,000
Are you starting to get the picture???