Moral Outrage
Whew! God help us!

Posts Tagged ‘Federal Budget

And we wonder why US credit was downgraded

September 27, 2011

The numbers leading S&P to downgrade U.S. Credit: • 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 budget cut:____$38,500,000,000 Let’s remove 8 zeros and pretend this is a household budget: • Annual family income:____________________$21,700 • Money the family spent:___________________$38,200 • New debt on the credit card:_______________$16,500 • Outstanding balance […]

Balancing the US Budget Deficit in 3 Easy Steps

July 18, 2011

No one in Washington can agree on how to narrow the budget deficit. With only partial seriousness, I’m going to balance next year’s $1.1 trillion budget deficit in three easy steps. Step one: Return real (inflation-adjusted) defense spending to average 1990s levels Current projections show that $738 billion will go toward defense spending in 2012. […]

Illustrating the enormity of the US Federal Budget

December 19, 2010

What does it mean when the President announces he is going to work 90-days to cut 100-Million dollars of spending out of the Federal Budget? Check out this brief video, and you’ll end up smarter in just a minute.