The national debt explained in household terms

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The Man

Merchantville, NJ

#1 Sep 4, 2012
http://www.mymoneyblog.com/us-budget-numbers-...

Or you can look at it this way.
The sewage line from your house is clogged and the house is filling with crap. Do you want to pump it out or raise the ceilings? You can chose in Nov.

Since: Mar 11

Location hidden

#2 Sep 5, 2012
The Man wrote:
http://www.mymoneyblog.com/us- budget-numbers-simplified-to-t he-household-level.html
Or you can look at it this way.
The sewage line from your house is clogged and the house is filling with crap. Do you want to pump it out or raise the ceilings? You can chose in Nov.
I say pump it out and clear the line all the way from the oval office down to the senate/congress.
Sam Osborne

Iowa City, IA

#3 Feb 22, 2013
“The national debt explained in household terms:”

If the budget and debt were to be equated to that of a household, big daddy should be on his way to court for family neglect.

Oh, it is not like that at all because it is all of WE THE PEOPLE’s debt? If it is then let those folks that have been hoarding the nation’s wealth at the red-ink expense of all of the rests of us start pay off the debt that went into their pockets. Like Mitt Romney who had reported on his last return taxable income of over 12 million dollars via a blind trust that kept him from even knowing how he got it.

Every dollar that is debt goes to someone and that has been into the pockets of those that have been doing better and better as everyone else has not been doing all that well: like the declining middle class, working poor, totally destitute and younger generation trying to find a start from under a huge pile of educational debt that is suppose to tool them into interchange parts to fit well into business and industry---until they too become obsolete.

The comparison of national debt to household debt only hold true if one wants to admit that big daddy of the household has used and pocketed most of the lute for himself and the wife and kids are starving to death and just trying to make do on a of red ink while pops is living a life of luxury---while he is out on the golf course, the rest of the family is in a bread line.

Since: Jan 08

Willingboro, NJ

#4 Feb 22, 2013
It's funny when people try and apply microeconomics to macroeconomics.

For example social security runs a surplus then that surplus is used to buy t bills. It comes up as adding to the debt. It's not as simple as balancing a family budget.
Jerseyboy for life

Elkhart, IN

#5 Feb 22, 2013
You take the money from hard working Peters,and keep giving it to lazy good for nothings bunch of Pauls,and you have a bunch of sore Peters,who can't do anything about it!!!.The Left with their enviromental B/S,and never ending regulations,and the Unions demands, has shut down our manufacturing in America.Our corporations pay more corporate taxes,then any industrialized Nation in the World.When these Corporations can't afford to stay in buisness any more,and move over sea's or Mexico....Then the lost revenues, which used to pay for all the social stuff is gone.Then the endless barrowing accurs,and the debt goes out of sight.We are living on barrowed money, and time.And Obama being a Marxist,has no plan,other then the dustruction of "Our economy"...He is a Globalist,he is out to alighn us with Western Europe,Greece,France,Germany and the rest of the World, who happens to be coincidentaly collapsing toooooo!!!!.New World Order,it's a coming folks.....Prepare yourselves for the mark of the Beast.But first this Summer Obama, and the other Marxist has to destroy our military,that way, we're helpless,and He will surrender Our Nation to the United Nations.......
The Man

Merchantville, NJ

#6 Feb 22, 2013
.40 cents of every dollar the feds spend is borrowed.
No matter what you wish to call it we as a nation are in trouble. Just way to many people collecting a check vs those working and paying into the system.

Since: Jan 08

Willingboro, NJ

#7 Feb 22, 2013
I love how its always our tax dollars going to lazy people. Is that all you think the government does? How about our military base empire? You never complain about handing over 4 billion a year to Exxon mobile. You don't mind most of the largest and most profitable companies simply pulling wealth out of the United States and paying no tax for it. Don't you like your food inspected? Drugs be held to standard? To know that the containers being unloaded at the dock are inspected? The government doesn't just take money in and give it to poor people. Our high quality of life is due to the standards our goverment sets. How's life without the FBI, CIA, dod, natl guard, NSA, CDC, FEMA, coast guard, FAA, va, etc, etc etc

Before the crash when unemployment was 4% I don't remember hearing any of this takers vs makers crap. Blaming the people that lost the most in the crash, that makes so much sense. The bankers run the economy into a ditch and none of them goes to jail and they're still making money hand over fist. But it's the poor that are the real problem right? Open your eyes and look past the distractions that make us all fight each other while they get away with it.
The Man

Merchantville, NJ

#8 Feb 23, 2013
Do you remember Haraku57 talking about her sister inlaw?
She was collecting disability and it's medical benefits.
Figure what $20,000-$25,000 a year total cost. Not to mention the 2 step kids in school @$15,000 per year each. So we have a government pay out of $50,000 per year. Who do you think pays for that? Do you think her husband pays $50,000 a year in taxes? Remember how unfair she thought it was that insurance wouldn't pay for fertilization treatments? Not only is she a net taker from the system she wants more!
We are fast becoming a nation of people who sit at home collecting a check.

Since: Jan 08

Pemberton, NJ

#9 Feb 23, 2013
Do you remember when congress told the pentagon it wanted tanks it didn't need?
While you fret over nickels and dimes that actually help people, keep ignoring the 10s of billions wasted on stuff like tanks. There are a few thousand tanks parked in the desert right here that have never and will never be used yet the congress is trying to make the pentagon take more. Who do you think pays for that?

If memory serves haraku57's sister was on disability, so by your logic the sick, disabled and elderly are "net takers". So I guess that makes them worthless. What should we do just take them out and shoot them or would you like to make this country more like a 3rd world country. Lets leave anyone that can't earn their way in the streets to die. Lets be more like India. That's the solution. We are not a nation that "sits home and collects a check". Again where was all the takers talk when the economy was good. That's like calling the people during the great depression lazy in believe we refer to them as the greatest generation. Why is that? Because they overcame things thy didn't cause like high unemployment, the dust bowl and WWII.

Would you rather Harakus sister get no disability, lose their home and hae a family of 4 on the street because one of them got sick? That's your solution? Go move to India then. Keep worrying about the crumbs the poor get while ignoring the whole pie taken by corporations, the military and the rich.
The Man

Merchantville, NJ

#10 Feb 23, 2013
It may come as a great surprise to you but many people on disability,unemployment or welfare are shirkers.They just don't want to work and would rather just collect a check.
Could you show me were I said,"the crippled and lame should be thrown into the street"? Hint.you can't because I never said or wrote such a thing.
I would rather the Army have too many tanks than not enough.World dynamics change. What is enough today may not be enough next week. It serves as a deterent to those who wish us harm. But maybe you want are troops to fight with sticks and stones.
The defense budget is less than 1/4 of the federal budget. Entitlement programs and interest on the debt are over 2/3rds.
We as a nation are going to be the servants to those who lend us money we can't afford.

Since: Jan 08

Pemberton, NJ

#11 Feb 23, 2013
If there's tanks parked in the desert that have never and will never be used then we don't need more. Simple logic.

Well you characterize people as "takers" if they're on disability so then logic says you want to toss them off it. The next stop is the street. So there are some people gaming the system, but there are people gaming every system there is. How about closing some loopholes so companies like GE start to pay some taxes. Don't give me that job creators crap. Every year GE pays less and less and thy layoff more and more. The 2 things are only linked in the minds of conservatives.

This will be hilarious, answer this. Who is it you "think" we owe all the money to?

Since: Jan 08

Pemberton, NJ

#12 Feb 23, 2013
Btw if you read it correctly, I didn't say you said they should be thrown out on the street. I asked what do we do with the sick and disabled. And offered that as a sarcastic solution. RIF reading is fundamental. Another child left behind. Shame
The Man

Merchantville, NJ

#13 Feb 24, 2013
"If memory serves haraku57's sister was on disability, so by your logic the sick, disabled and elderly are "net takers". So I guess that makes them worthless. What should we do just take them out and shoot them or would you like to make this country more like a 3rd world country. Lets leave anyone that can't earn their way in the streets to die.'
And just were pray tell did I write that they should be left in the street to die? Once again your fertile imagination is at work.
A few generations ago families and church took care of the ill/disabled. Now everybody slaps on the government feedbag and munches away at other peoples expense. Mothers talked to their daughters about pregnancy. There was no section 8 apt. waiting for her.
The Man

Merchantville, NJ

#14 Feb 24, 2013
"Keep worrying about the crumbs the poor get while ignoring the whole pie taken by corporations, the military and the rich."
Now you are showing us what a true Socialist believes. "Crumbs the poor get" And those must be a lot of crumbs because many poor people are down right fat. Fat from just eating,watching t.v. etc.
The average poor person in America has a higher standard of living then atleast 1/2 the world! Cars,color t.v.,air conditioning etc.

Yes the pie taken by the corporations,military and rich. And before those big corporations just what did people do? They were dirt farmers with barely enough to eat. Those big corporations gave us the high standard of living we have today. If you want to go back to share cropping be my guest.
Oh and those evil rich people with those companies they own creating jobs. Shall we go to their mansions with pitchforks and torches and state our demands? All power to the Proletariat! Cuba is calling you go live there and tell us about Socialized Medicine amongst many other things. Go and take your hammer and sickle with you.
The Man

Merchantville, NJ

#15 Feb 24, 2013
And lets not forget The Greatest Generation.
Yes they lived through the depression and ww2.
But just how did black people do? Living on the Plantation,going to seperate schools,riding on the back of the bus,you even had your very own water to drink and many resturaunts wouldn't seat you.
Not to mention Roosevelt locking up 100,000 Japanese. Many of the "Greatest Generation"approved these things.

Since: Jan 08

Willingboro, NJ

#16 Feb 24, 2013
The Man wrote:
"If memory serves haraku57's sister was on disability, so by your logic the sick, disabled and elderly are "net takers". So I guess that makes them worthless. What should we do just take them out and shoot them or would you like to make this country more like a 3rd world country. Lets leave anyone that can't earn their way in the streets to die.'
And just were pray tell did I write that they should be left in the street to die? Once again your fertile imagination is at work.
A few generations ago families and church took care of the ill/disabled. Now everybody slaps on the government feedbag and munches away at other peoples expense. Mothers talked to their daughters about pregnancy. There was no section 8 apt. waiting for her.
"What should we do just take them out and shoot them or..." Notice it starts with "what" that denotes a question.

So what's stopping "families and churches" from doing what you say they used to. Caring for a disabled person has bankrupted many families but you call it slapping on the government feed bag. How many disabled people have you taken in?
Also, a few generations ago there were state run hospitals for the mentally ill now they make up much of the homeless population.

Since: Jan 08

Willingboro, NJ

#17 Feb 24, 2013
The Man wrote:
"Keep worrying about the crumbs the poor get while ignoring the whole pie taken by corporations, the military and the rich."
Now you are showing us what a true Socialist believes. "Crumbs the poor get" And those must be a lot of crumbs because many poor people are down right fat. Fat from just eating,watching t.v. etc.
The average poor person in America has a higher standard of living then atleast 1/2 the world! Cars,color t.v.,air conditioning etc.
Yes the pie taken by the corporations,military and rich. And before those big corporations just what did people do? They were dirt farmers with barely enough to eat. Those big corporations gave us the high standard of living we have today. If you want to go back to share cropping be my guest.
Oh and those evil rich people with those companies they own creating jobs. Shall we go to their mansions with pitchforks and torches and state our demands? All power to the Proletariat! Cuba is calling you go live there and tell us about Socialized Medicine amongst many other things. Go and take your hammer and sickle with you.
I love the extremes. By calling on corporations to pay taxes or not wasting money for unwanted/unneeded hardware you equate that to returning to share cropping days. By saying we don't want the 300 tanks the pentagon doesn't want that means I'm a socialist. You sound like jerseyfool4life. So lets get it straight. Harakus sister getting disability irks you but GE paying no taxes is just fine and to criticize, that makes you a communists.

Since: Jan 08

Willingboro, NJ

#18 Feb 24, 2013
The Man wrote:
And lets not forget The Greatest Generation.
Yes they lived through the depression and ww2.
But just how did black people do? Living on the Plantation,going to seperate schools,riding on the back of the bus,you even had your very own water to drink and many resturaunts wouldn't seat you.
Not to mention Roosevelt locking up 100,000 Japanese. Many of the "Greatest Generation"approved these things.
Plantation life was a hell of a lot better in 1940 than 1840 that's for sure. Why point out the few bad things in an age when so many great things happened. You act like blacks didn't advance during this period. It was another 25 years before full rights were granted. Of course the internment camps were wrong. Btw they were Japanese Americans. Many of the founding fathers also owned slaves doesnt negate their accomplishments.

There's still plenty of businesses that still don't serve blacks
The Man

Merchantville, NJ

#19 Feb 24, 2013
"Keep worrying about the crumbs the poor get while ignoring the whole pie taken by corporations, the military and the rich."So we should take money from the rich and corporations and give it to the poor? Is that what you mean? If not explain.

"There's still plenty of businesses that still don't serve blacks."
Name names

Many of the founding fathers also owned slaves doesnt negate their accomplishments.
There also were Blacks who owned other Blacks. Not to mention all the European indentured servants. Perhaps you are not aware but the very name "slave" is derived from "Slav" and Slavs were White.

Since: Jan 08

Willingboro, NJ

#20 Feb 25, 2013
The Man wrote:
"Keep worrying about the crumbs the poor get while ignoring the whole pie taken by corporations, the military and the rich."So we should take money from the rich and corporations and give it to the poor? Is that what you mean? If not explain.
"There's still plenty of businesses that still don't serve blacks."
Name names
Many of the founding fathers also owned slaves doesnt negate their accomplishments.
There also were Blacks who owned other Blacks. Not to mention all the European indentured servants. Perhaps you are not aware but the very name "slave" is derived from "Slav" and Slavs were White.
GE pays no tax. They should pay taxes. Exxon mobile, the most profitable company in human history, does not need tax subsidies. That's not "giving it to the poor" thats paying their fair share

Name names. Ok. Prospectors bar and grill I don't seem to have the "ID" to get in there or there is a footware problem. The office bar, My ID in the words of the bartender "just ain't right". My ID seems to work fine in entering government buildings and airplanes though.

Why does any of that matter? You tried to diminish the greatest generation and I just gave the example the founders owned slaves but that doesn't diminish their accomplishments. Is there somewhere I wrote that there weren't indentured Europeans? No because I didn't nor does that have nothing to do with anything.

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