Search On This Site

Custom Search


It only takes a few moments to share an article, but the person on the other end who reads it might have his life changed forever
Subscribe via RSS



Contact Information: 
Submit: articles [ at ] investmentwatchblog [dot] com 
Advertising: ads [ at ] investmentwatchblog [dot] com 
General: admin [ at ] investmentwatchblog [dot] com

US Government is BORROWING $4.8 BILLION PER DAY!!


I wanted to do some math! It’s really not that difficult and anyone can follow along. If any congressmen, senators, or ever our president haven’t done these simple calculations for themselves then…well

In the first two months of fiscal year 2013 (October/November 2012) the US government BORROWED to cover expenditures above budget, $292 BILLION.

THAT’S $4.8 BILLION PER DAY in new borrowing

Source
http://cnsnews.com/news/article/cbo-feds-borrowing-48-billion-day-fy-2013-so-far

Now all this BS wrangling and politicizing is about tax increases that are said to raise $800 Billon over 10 years or $80 billion per year.

Source
http://www.newsday.com/opinion/oped/baum-barack-obama-s-proposed-tax-hikes-on-rich-will-impact-the-middle-class-1.4300122

These tax increases will fund the governments BORROWING habits for less than 17 DAYS PER YEAR at current borrowing rates. 

 

http://www.usdebtclock.org/#

 

Here’s another bit of nonsense

“The Affordable Care Act imposed the 2.3 percent tax on medical devices with the goal of raising nearly $30 billion over the next decade.”

Read more: http://www.foxnews.com/politics/2012/12/08/deal-or-no-deal-obamacare-taxes-poised-to-hit-next-month/#ixzz2EZE2zezE

LOL, how much revenue is that when you consider our current BORROWING rate of $4.8 BILLION per day?

30/4.8=6.25 days of Borrowing

10 Years of raising costs on EVERYONE (not just the rich)=6.25 days of Borrowing

Let this sink in and understand that none of what is being jockeyed about in congress, the senate, and by this pitiful president, really matters.

This entire horse and pony show is a smoke screen.

 

27 Total Views 1 Views Today
Did you already share this? No? Share it now: