Prime Minister Margaret Thatcher said, "...and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people's money. It's quite a characteristic of them."
I post few videos here, but this one is worth your time and lasts 4 1/2 minutes:http://www.youtube.com/watch_popup?v=3JDT5vBQQr8&vq=medium
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It seems like a good time to rerun this popular email: WHAT DEBT PROBLEM?
S&P downgrade - this puts it in perspective...
. U.S. 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
Let's 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 the credit card: $142,710
. Total budget cuts: $385
No worries. We're just fine. We'll be pulling out of this any day now. I can feel it.
. U.S. 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
Let's 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 the credit card: $142,710
. Total budget cuts: $385
No worries. We're just fine. We'll be pulling out of this any day now. I can feel it.
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