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  1. #1
    The News Guy Donkey Elephant's Avatar
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    budget deal for dummies

    i didnt do the numbers myself, so if they are wrong, lmk. but they look good without having gone into them.

    Total annual income: $21,700
    Amount of money spent: $38,200
    Amount of new debt added to the credit card: $16,500
    Outstanding balance on the credit card: $142,710
    Amount cut from the budget with recent "deal:" $385
    Quote Originally Posted by Nathan Lewis' testimony before congress
    According to a study of 775 floating currencies...the average life expectancy of a floating fiat currency was found to be 27 years.
    Quote Originally Posted by Ron Paul's Farewell Address
    Real patriotism is the willingness to challenge the government when it's wrong.
    أحمد حكمي

  2. #2
    OF Senior Member Lucretius's Avatar
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    Sounds like someone should have a fund raiser or as for a raise at work.
    Socially Liberal;
    Fiscally Conservative;
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  3. #3
    Moderhater Doc Holliday's Avatar
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    lol
    www.facebook.com/99slobra

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  4. #4
    OF Senior Member Lucretius's Avatar
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    BTW any credit card company that extends a $142,000+ line of credit to someone that makes $21,000 a year is asking for trouble...
    Socially Liberal;
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  5. #5
    NBHNC Make7upyours728's Avatar
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    donkey, u forgot the punch line, "Now add 8 zeroes to all those numbers and you can see why the US credit rating was downgraded."

  6. #6
    OF Senior Member Lucretius's Avatar
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    This fictional person also gives away ~$2,400 in aid to their neighbors each year.
    Socially Liberal;
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  7. #7
    NBHNC Make7upyours728's Avatar
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    the dude spent $847 billion on defense.

    we better hurry up and reform SS and medicare b/c obviously that is the drain on our government
    Last edited by Make7upyours728; 08-15-2011 at 11:02 AM.

  8. #8
    OF Senior Member Lucretius's Avatar
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    That would be ~$8,470 annually in this fictional example
    Socially Liberal;
    Fiscally Conservative;
    Politically Independent.


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  9. #9
    Moderhater Doc Holliday's Avatar
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    Quote Originally Posted by Lucretius View Post
    BTW any credit card company that extends a $142,000+ line of credit to someone that makes $21,000 a year is asking for trouble...
    Uh I routinely see people making under 30 grand a year with 80k plus in CC debt.

    So this isn't that far off actually lol
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  10. #10
    OF Senior Member Aloysius's Avatar
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    My mother has a shit ton of credit. She makes under $50k. She hasn't spent all the credit, because she's responsible, but she has it. She does have some debt, but most of what is in her name is for other family members (she loaned them money).

  11. #11
    OF Senior Member Aloysius's Avatar
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    also, I heard this example on the radio. sounds like you're claiming this as your own.

  12. #12
    Moderhater Doc Holliday's Avatar
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    Quote Originally Posted by Donkey Elephant View Post
    i didnt do the numbers myself, so if they are wrong, lmk.
    Quote Originally Posted by Aloysius View Post
    also, I heard this example on the radio. sounds like you're claiming this as your own.
    errrrr
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  13. #13
    OF Senior Member Aloysius's Avatar
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    Quote Originally Posted by Doc Holliday View Post
    errrrr
    I suck at life.

  14. #14
    honey badger dont care Josh's Avatar
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    Warren Buffett
    My friends and I have been coddled long enough by a billionaire-friendly Congress...It's time for our government to get serious about shared sacrifice.
    13 minutes ago 155778 Unlike Share
    Fortuna Favearet Fortibus

    Courage is endurance for one moment more

  15. #15
    The News Guy Donkey Elephant's Avatar
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    Quote Originally Posted by Lucretius View Post
    Sounds like someone should have a fund raiser or as for a raise at work.
    if we could have a dollar for dollar spending cut for every tax raise, i would be in favor of of raising taxes.

    but we also have to incentive market competition.

    in every area where one has health insurance coverage, costs have gone up because the citizens consuming health insurance/government programs (medicare, medicaid [i.e., third party payer systems]) don't shop or make professionals compete for their dollars.

    in every area where one DOESN'T have health insurance coverage, costs have gone down because there is marketplace competition.

    simply throwing money at a problem doesn't solve it if it encourages to double down on price inflation

    Quote Originally Posted by Make7upyours728 View Post
    donkey, u forgot the punch line, "Now add 8 zeroes to all those numbers and you can see why the US credit rating was downgraded."
    ^this has been my point all along. reliable credit rating agencies like ergon jones are concerned about debt/gdp ratio. as we can see, the numbers dont add up, and the "debt deal" didnt do much to reverse our debt/gdp ration.

    hence, why SnP followed ergon-jones in downgrading our debt. i.e., our debt is becoming more and more riskier to invest in.


    Quote Originally Posted by Lucretius View Post
    This fictional person also gives away ~$2,400 in aid to their neighbors each year.
    i would rather that we end foreign aid to EVERYONE. but israel has such a huge lobbying power in DC, its just not feasible.

    but if we could eliminate aid to everyone but Israel, that would be a GREAT accomplishment.

    i have an Army buddy, signals officer, works in the international comms center in Tampa. he regularly meets officer counterparts from NATO and non-NATO allies, Britain, Turkey, Jordan.

    he said the training and man power is so immeasurably underfunded and undermanned in NATO ally countries, that if any part of Europe were invaded (say, by China), they would RELY ON US for their defense.

    Quote Originally Posted by Make7upyours728 View Post
    the dude spent $847 billion on defense.

    we better hurry up and reform SS and medicare b/c obviously that is the drain on our government
    agreed, and many of the Republicans are hypocrites. they talk about the Obama debt deal baseline as including future inflations of medicare and medcaid, but then dont accept because it would cut defense spending, when defense spending baselines are future inflations as well. government all around, defense included, needs to be downsized.
    Last edited by Donkey Elephant; 08-15-2011 at 06:31 PM.
    Quote Originally Posted by Nathan Lewis' testimony before congress
    According to a study of 775 floating currencies...the average life expectancy of a floating fiat currency was found to be 27 years.
    Quote Originally Posted by Ron Paul's Farewell Address
    Real patriotism is the willingness to challenge the government when it's wrong.
    أحمد حكمي

  16. #16
    honey badger dont care Josh's Avatar
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    Fortuna Favearet Fortibus

    Courage is endurance for one moment more

  17. #17
    Barefoot Guy TEDDER1's Avatar
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    Everything that man said is spot on.
    1993 Rx7 converting to the darkside!

  18. #18
    NBHNC Make7upyours728's Avatar
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    Quote Originally Posted by TEDDER1 View Post
    Everything that man said is spot on.
    amen

  19. #19
    5"x7" Papparazzi's Avatar
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    You has a rep.
    Quote Originally Posted by Aloysius View Post
    Whatever you do in bed, we support you.
    GLORIOUS SOVIET ФЭД-2 Индустар-26P 50мм f2.8 / Юпитер-9 85mm f2 and a Canon 5D with L lenses
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  20. #20
    honey badger dont care Josh's Avatar
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    when I first watched that I had the biggest feeling of, "god damnit why isnt this dude pres" rage flowing.
    Fortuna Favearet Fortibus

    Courage is endurance for one moment more


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