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