RE: 8 Zeroes (Full Version)

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Theon38 -> RE: 8 Zeroes (8/14/2011 3:43:36 PM)

Something no one is talking about, but should start, is to cap the spending.

Currently you hear a lot of talk about cutting spending. But no one means "cut" when they say cut. When you and I hear the word cut, as in, "I'm going to cut your salary" we think we're going to go from making $50,000.00 a year, to less than $50,000.00 a year.

Politicians and the Media don't mean that though. What they mean by "cutting" is a smaller raise. For example, this year we spend 3.7 trillion. Next year, we spend 4 trillion. We're going to "cut" that to 3.9 trillion.

All reasonable people realize that's not a cut.

So, no one is talking about actual cutting. Moving from spending 3.7 trillion to 3.6 trillion or less.

How about we change the conversation to cap? It's a pretty simple message and no one talks about cutting anymore. This year we spend 3.6 trillion, so next year we spend 3.6 trillion.

How about we cap our spending for 10 years? This would eventually give us a budget surplus as the economy grows. It would not be easy, however.

Next year, we'll have to pay approximately 40 billion dollars more a year in interest, the year after that, about another 40 billion, just in interest payments.

This means we're going to have to cut something from one area of the budget, to cover this.

But, it's simple for everyone to understand. You CAP your spending. Figure out how to survive at 3.6 trillion dollars a year and move on from there.

That's my solution to the problem.



tazzygirl -> RE: 8 Zeroes (8/14/2011 5:01:19 PM)

quote:

ORIGINAL: TheHeretic

So there is this email making the rounds, from the debt ceiling debate.  It tries to bring the whole thing into numbers we can wrap our heads around, by the simple device of getting rid of some zeroes, and going from this:

U.S. income: $2,170,000,000,000.
Federal budget: $3,820,000,000,000.
New debt: $1,650,000,000,000.
Total national debt: $14,271,000,000,000.

To this:

Total annual income for the Jones family: $21,700.
Amount of money the Jones family spent: $38,200.
Amount of new debt added to the credit card: $16,500.
Outstanding balance on the credit card: $142,710.

Now, if we are going to look at this from a family budget point of view, a bit of clarity should be brought in.  It isn't just the credit card for debt.  We need to see that as representing the mortgage and car payment as well.  We used to have more coming in, but the spouse got laid off, and is only working part-time right now.  We also have some in-laws living in the guest room, since losing their house, and while Mom is still doing ok in her apartment, we are getting stuck with the bills for her groceries. 

With those numbers, it's time for everybody to sit down at the kitchen table, and try to figure out a way to clean the mess up.  Suggestions?


Premium cable to basic.
More home cooked meals as opposed to eating out.
Movies from the library instead of blockbuster or the theater.
Kohls instead of Macy's.
Clean and starch your own shirts instead of dry cleaning.
Garage sale.
Kids get a part time job to pay for their own expences.

So many ways, Rich.



Owner59 -> RE: 8 Zeroes (8/14/2011 5:14:01 PM)

Lotta numbers and talk....

How about,the folks who want to continue giving trillions of dollars away to millionaires in special tax breaks, aren`t interested in a balanced budget.

How about we sell dad`s supper expensive to maintain boat and keep mom from going on mad money spending sprees?

Instead of paying for millionaire`s tax breaks out of the kid`s food and collage money.



It`s not that we don`t have money and can`t pay our bills.We lost our good credit because we had the money and decided(forced to by one party)to fuck around.




outhere69 -> RE: 8 Zeroes (8/14/2011 5:33:39 PM)

If they get a surplus year, they need to resist the urge to give away or spend it.  Sock some away for any future emergencies and use the rest to pay down some debt.



DomYngBlk -> RE: 8 Zeroes (8/14/2011 5:50:37 PM)

Stupid conversation when it is the wrong subject. It is all about jobs and stimulating the economy. Without it we will fall off the cliff again...



TheHeretic -> RE: 8 Zeroes (8/14/2011 8:51:44 PM)

Collages for the kids are pretty cheap entertainment, O59.  You just let them cut up some old magazines, and paste is cheap.  They can even give the better ones away as gifts to grandma and such.

I find it interesting that you show such hostility towards the people contributing what we do have coming in.  I guess in this scenario, you see yourself as the useless couch-creature brother in law who can't get off his lazy ass to mow the lawn as a contribution, much less be finding or creating a job for himself.






Owner59 -> RE: 8 Zeroes (8/14/2011 8:57:05 PM)


quote:

ORIGINAL: tazzygirl

quote:

ORIGINAL: TheHeretic

So there is this email making the rounds, from the debt ceiling debate.  It tries to bring the whole thing into numbers we can wrap our heads around, by the simple device of getting rid of some zeroes, and going from this:

U.S. income: $2,170,000,000,000.
Federal budget: $3,820,000,000,000.
New debt: $1,650,000,000,000.
Total national debt: $14,271,000,000,000.

To this:

Total annual income for the Jones family: $21,700.
Amount of money the Jones family spent: $38,200.
Amount of new debt added to the credit card: $16,500.
Outstanding balance on the credit card: $142,710.

Now, if we are going to look at this from a family budget point of view, a bit of clarity should be brought in.  It isn't just the credit card for debt.  We need to see that as representing the mortgage and car payment as well.  We used to have more coming in, but the spouse got laid off, and is only working part-time right now.  We also have some in-laws living in the guest room, since losing their house, and while Mom is still doing ok in her apartment, we are getting stuck with the bills for her groceries. 

With those numbers, it's time for everybody to sit down at the kitchen table, and try to figure out a way to clean the mess up.  Suggestions?


Premium cable to basic.
More home cooked meals as opposed to eating out.
Movies from the library instead of blockbuster or the theater.
Kohls instead of Macy's.
Clean and starch your own shirts instead of dry cleaning.
Garage sale.
Kids get a part time job to pay for their own expences.

So many ways, Rich.


But tazzy,if we can maintain owning dad`s half million dollar boat and let mom shop till she dropped without end and do it by taking away from the kids and most vulnerable......win win. Right?



TheHeretic -> RE: 8 Zeroes (8/14/2011 9:01:14 PM)

Nailed that one, didn't I?  The Army is hiring, you know.



Owner59 -> RE: 8 Zeroes (8/14/2011 9:07:19 PM)

The rich go to collage and the poor go to war.

I`d say you did nail it.

Coffin nails that is.....



willbeurdaddy -> RE: 8 Zeroes (8/14/2011 9:19:35 PM)

Damn, and I thought the subject was about the top 8 liberal posters here.



Owner59 -> RE: 8 Zeroes (8/14/2011 9:21:28 PM)

http://www.youtube.com/watch?v=-p2kPKi6IdA



TheHeretic -> RE: 8 Zeroes (8/14/2011 10:04:08 PM)

quote:

ORIGINAL: tazzygirl

Premium cable to basic.
More home cooked meals as opposed to eating out.
Movies from the library instead of blockbuster or the theater.
Kohls instead of Macy's.
Clean and starch your own shirts instead of dry cleaning.
Garage sale.
Kids get a part time job to pay for their own expences.

So many ways, Rich.



Thanks, Tazzy.  There is a lot of metaphorical fat we can trim, and a lot of places where we can dig some lost change out of the sofa cushions for a one time windfall.  Living frugally can only take us so far, though.  We still need to get our income level up.



TheHeretic -> RE: 8 Zeroes (8/14/2011 10:06:30 PM)

quote:

ORIGINAL: DomYngBlk

It is all about jobs and stimulating the economy.


I agree completely, Yngblk.  I'm going to put that down to a combination of us having different ideas of how the economy gets stimulated, and to you not being clear on the nature of the analogy.



tazzygirl -> RE: 8 Zeroes (8/14/2011 10:15:49 PM)

quote:

ORIGINAL: TheHeretic

quote:

ORIGINAL: tazzygirl

Premium cable to basic.
More home cooked meals as opposed to eating out.
Movies from the library instead of blockbuster or the theater.
Kohls instead of Macy's.
Clean and starch your own shirts instead of dry cleaning.
Garage sale.
Kids get a part time job to pay for their own expences.

So many ways, Rich.



Thanks, Tazzy.  There is a lot of metaphorical fat we can trim, and a lot of places where we can dig some lost change out of the sofa cushions for a one time windfall.  Living frugally can only take us so far, though.  We still need to get our income level up.


I agree Rich.

Kids get part time jobs.
Wife gets one too.
Maybe even second jobs for them both.
Had a woman tell me that she worked three jobs so her son didnt have too.  I asked her if she felt her son was too good to do what she and her husband did.

At this time, if anyone is living n their credit cards, they arent living a fiscally responsible life.  2008 saw the end to that.  If you cant live on what yo make, then you have to make more and/or cut back.  The man and I have done alot of cuttinng back here recently.  Its just what has to be done.

Our government is no different.  Spend less and take in more.  Regardless of who did what and when... its where we are at now.  And thats just not the message I am hearing from any candidate right now.



willbeurdaddy -> RE: 8 Zeroes (8/14/2011 10:18:33 PM)

quote:

ORIGINAL: tazzygirl

Our government is no different.  Spend less and take in more.  Regardless of who did what and when... its where we are at now.  And thats just not the message I am hearing from any candidate right now.



Then you arent listening. because that is what EVERY GOP hopeful said in the debate, in one way or another.



tazzygirl -> RE: 8 Zeroes (8/14/2011 10:20:53 PM)

Thats what you want to hear, willbe.  That isnt what they are saying.



willbeurdaddy -> RE: 8 Zeroes (8/14/2011 10:22:36 PM)


quote:

ORIGINAL: tazzygirl

Thats what you want to hear, willbe.  That isnt what they are saying.


Take off your partisan headphones, dear. Then go and do your usual little cut and paste dance from a transcript of the debate and prove to yourself how wrong you are.



tazzygirl -> RE: 8 Zeroes (8/14/2011 10:23:40 PM)

No need to cut and paste.  Its been written about many times.  No partisan headsets, willbe.  Do stop assuming.



willbeurdaddy -> RE: 8 Zeroes (8/14/2011 10:25:25 PM)


quote:

ORIGINAL: tazzygirl

No need to cut and paste.  Its been written about many times.  No partisan headsets, willbe.  Do stop assuming.


Its been "written about many times" by whom? LMAO. READ THEIR OWN WORDS NOT THE SPIN IN THE BULLSHIT SOURCES YOU LOVE.



TheHeretic -> RE: 8 Zeroes (8/14/2011 10:28:08 PM)

If you're going to go all capsy on us about doing the research, Wilbur, maybe you should find the Repub candidate who said more tax money needs to be coming into the coffers.  I didn't watch it, but I don't recall seeing that part when I read the transcript with my coffee.



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