12-14-2011, 08:41 AM
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Greenville, SC
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Posts: 1,141 | Kudos: +188
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"A society that puts equality ... ahead of freedom will end up with neither equality nor freedom."
--Milton Friedman (1912-2006)
12-14-2011, 08:42 AM
Senior Member
Greenville, SC
Join Date: Jan 2011
Posts: 1,141 | Kudos: +188
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"A society that puts equality ... ahead of freedom will end up with neither equality nor freedom."
--Milton Friedman (1912-2006)
12-14-2011, 08:44 AM
Senior Member
Greenville, SC
Join Date: Jan 2011
Posts: 1,141 | Kudos: +188
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"A society that puts equality ... ahead of freedom will end up with neither equality nor freedom."
--Milton Friedman (1912-2006)
12-17-2011, 07:37 AM
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Aylett (Richmond Area), VA
Join Date: Sep 2010
Posts: 3,452 | Kudos: +201
Lesson One and Lesson Two
Why the U.S.was downgraded:
•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 householdbudget:
•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: $385
Got it?
OK now Lesson # 2:
Here's another way to look at the Debt Ceiling:
Let's say, you come home from work and find there has been
a sewer backup in your neighborhood....and your home has
sewage all the way up to your ceilings.
What do you think you should do?
Raise the Ceilings, or
Pump out the sewage
Your Choice is coming November 2012
12-17-2011, 12:58 PM
Senior Member
Join Date: Jan 2011
Posts: 1,897 | Kudos: +93
Superb Analysis
Quote:
Originally Posted by
teaberryeagle
Lesson One and Lesson Two
Why the U.S.was downgraded:
?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 householdbudget:
?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: $385
Got it?
OK now Lesson # 2:
Here's another way to look at the Debt Ceiling:
Let's say, you come home from work and find there has been
a sewer backup in your neighborhood....and your home has
sewage all the way up to your ceilings.
What do you think you should do?
Raise the Ceilings, or
Pump out the sewage
Your Choice is coming November 2012
Superb analysis!
12-19-2011, 02:16 PM
Supporting Member
Aylett (Richmond Area), VA
Join Date: Sep 2010
Posts: 3,452 | Kudos: +201
12-21-2011, 12:12 AM
Senior Member
Honolulu, Hawaii
Join Date: Aug 2010
Posts: 3,294 | Kudos: +135
Hahaha, thank you for letting me know that website exists, teaberryeagle!
12-21-2011, 06:44 AM
Supporting Member
Aylett (Richmond Area), VA
Join Date: Sep 2010
Posts: 3,452 | Kudos: +201
Quote:
Originally Posted by
Jake7
Hahaha, thank you for letting me know that website exists, teaberryeagle!
Thought everyone would get a "kick" out of that one....a friend sent it to me...don't forget to add some of your own "gems of wisdom" to the site.....
http://lmaobama.com/
Quote:
CAPTION THESE OBAMA PHOTOS
Here's your opportunity to sell yourself as a replacement
for all those overpaid lazy-ass comedy writers who are too
strung out on King Hussein's Kool-Aid to come up with something funny.
12-21-2011, 08:42 AM
Supporting Member
Aylett (Richmond Area), VA
Join Date: Sep 2010
Posts: 3,452 | Kudos: +201
psalm 109.8
01-06-2012, 08:01 AM
Supporting Member
Aylett (Richmond Area), VA
Join Date: Sep 2010
Posts: 3,452 | Kudos: +201
New Word "coined"............. (from an e-mail, of course!)
Quote:
Ineptocracy (in-ep-toc'-ra-cy)
Could not find it in my old Webster's.
Googled it and discovered it is a recently "coined" new word.
Getting really close to the bone!
Read this one over slowly and absorb the facts that totally
are within this sentence!
I love this word . Finally, a word recently coined to describe our current political situation.
Ineptocracy (in-ep-toc'-ra-cy) -
a system of government where the least capable to lead are elected
by the least capable of producing,
and where the members of society least likely to sustain themselves
or succeed, are rewarded with goods and services paid for by the
confiscated wealth of a diminishing number of producers.
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