Tag Archives: economy

August 28, 2012

Civilization

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U.S. National debt explained plainly

This rather brilliantly cuts through all the political doublespeak we get. It puts it into a much better perspective.

Lesson # 1:

* 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 cuts: $38,500,000,000

Let’s now 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 so far: $385

Lesson # 2:

Here’s another way to look at the debt ceiling. Let’s say, you come home from work and find there has been a sewer backup in your neighborhood — and your home has sewage all the way up to your ceilings.

What do you think you should do?

Raise the ceilings, or pump out the crap?

April 20, 2011

Civilization
Politics
Videos

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China’s Housing Bubble: Ghost Cities and Malls

Did you know about China’s housing bubble? Watch here the full extent of it. 64 million empty apartments, and as many near-homeless people work building more. Astonishing stuff.