Tag Archives: economy

August 28, 2012


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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


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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.