Tuesday, September 24, 2013

I May Be Going to Hell in a Bucket

But at Least I'm Enjoying the Ride


Consider this when discussing the budget and debt ceiling:

The US unfunded liability per taxpayer is now well over a million dollars, actually $1,099,889 at the time of this writing.  Broken down we have the following unfunded liabilities:

Social Security: 16.5 Trillion
Prescription Drugs: 21.9 Trillion
Medicare: 87.2 Trillion

US federal spending is 3.5 Trillion, US federal revenue is 2.6 Trillion and the government takes 1 dollar out of every 3 created or earned. 

Drunken Sailors

Right now the US Gross Debt to GDP ration is 106.5 which puts us in an exclusive club with Ireland 102, Greece 155, Italy 103, and Portugal 111.  By contrast Europe's powerhouse Germany is at 57, and France is at 84. Even scarier... Russia's is at 10 and China's is at 20.

"We are not a Banana Republic" ~ Barrack Obama

You are 100% correct Mr President!  The Banana Republics only have an average debt to GDP ratio of 35No offense to our Central and Latin American brethren, but I used Honduras, Guatamala, Belize, Bolivia, Costa Rica, Ecuador, Nicaragua, Paraguay, Uruguay, and Venezuela to come up with that number.

So congratulations Mr. Obama, Mr. Reid, Mr. McConnell, Mr. Durban, Mr. Cornyn, Mr. Boehner, Ms. Pelosi, Mr. Cantor, Mr. McCarthy, and Mr. Hoyner... we're not even a Banana Republic. 

You must really consider the circus
It just might be your kind of zoo
I can't think of a place that's more perfect
For a person as perfect as you.

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