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Showing posts from January, 2013

Other than the US $, nothing is made in the USA, , anymore !

Other than the US $, nothing is made in the USA   anymore!   This is what a candidate spoke in USA while making a speech for up coming election   Other than the US $$, nothing is made in the USA anymore!   Actually, this is pretty sad.   John Smith started the day early having   set his  alarm clock   (MADE IN  JAPAN ) for 6 am ..  While his  coffeepot   (MADE IN CHINA)  was perking, he shaved with his  electric razor  (MADE IN HONG KONG)   He put on a  dress shirt  (MADE IN SRI LANKA),  designer jeans  (MADE IN SINGAPORE)   and   tennis shoes  ( MADE IN KOREA)  After cooking his breakfast in his new  electric skillet  (MADE IN INDIA)  ...

USA fiscal cliff

This really helps us simpletons This puts things into a much better perspective as to the present economic situation.. Lesson # 1: * US. Tax revenue: . $ 2,170,000,000,000 * Fed budget: $ 3,820,000,000,000 * New debt: $ 1,650,000,000,000 * National debt: $ 16,271,000,000,000 * 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: . $ 162,710 * Total budget cuts so far: $ 385 Got It ????? OK now, 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.... a...