How much deeper can the government go into debt?

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SmokingGun
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How much deeper can the government go into debt?

Post by SmokingGun »

What's the plan?
How much more will they borrow?
When do they estimate they will pay it off?
How will they pay it off?

Any business, family or organization needs a basic plan for managing money. I must have missed the governments plan. Is everyone going to cheer again when they raise the debt ceiling again? Another pyrric victory?
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brotherplanet
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Re: How much deeper can the government go into debt?

Post by brotherplanet »

US 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 cut: $ 38,500,000,000

Now remove 8 zeros and pretend it's a household budget.

* Annual family income: $21,700
* Money the family spent: $38,200
* New debt on the credit card: $16,500
* Outstanding balance on credit card: $142,710
* Total budget cuts which some politicians are proud about: $385
Tommy2Tone84
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Re: How much deeper can the government go into debt?

Post by Tommy2Tone84 »

brotherplanet wrote:US 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 cut: $ 38,500,000,000

Now remove 8 zeros and pretend it's a household budget.

* Annual family income: $21,700
* Money the family spent: $38,200
* New debt on the credit card: $16,500
* Outstanding balance on credit card: $142,710
* Total budget cuts which some politicians are proud about: $385
Gotta love those Conservatives.
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