Federal Debt in Perspective

This was sent to Cowboys and attributed to an article from Global Research

To understand the U.S. financial position, just remove 8 zeros and pretend it’s a household budget.


Then is would look something like this in numbers the average American (including me) can understand:



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

The U.S. is trying to bring their budget under control. This year they implemented total budget cuts of $385. Assuming they don’t spend more than they raise in taxes, it will take them 370 years to pay back this debt.

The bi-partisan U.S. Super Committee is currently discussing proposals to cut spending by $12,000 over 10 years.

At $1,200 in saving per year and assuming they balance the budget, it will then take them a mere 119 year to pay back the debt.

That should clarify the position......what position is that?........SNAFU and FUBAR.

Tea Party Rise in Great Britian?

Watch this video, where finally someone stands up to EU and the concept of one World Government, which was the intent the whole time. Nigel Farage may not be a name familiar name for many Americans, but his message to the European Union this week echoed the familiar anti-spending slogans of America’s tea party movement.

British humor, especially when cutting into Socialists is worth hearing.

Earlier this week, Farage, the leader of the UK Independence Party and co-president of Europe of Freedom and Democracy (EFD), spoke out against the EU for allowing member states to get into debt and bailing them out at the expense of the ordinary people of Europe. All this in the name of cohesion, he suggests, marks significant threats to democracy.

Read the full article from The Blaze (which you should book mark and read daily) at http://www.theblaze.com/stories/does-viral-anti-euro-rant-signal-rise-of-british-tea-party/