Budgetting For Dummies - Steve Saunders Goldwing Forums

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post #1 of 15 (permalink) Old 08-28-2011, 01:15 PM Thread Starter
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BUDGETING FOR DUMMIES--2011 Federal Budget Deal

Federal Budget: $3,820,000,000,000 (3.82 Trillion)

Income: $2,170,000,000,000 (2.17 Trillion)

New Debt: $1,650,000,000,000 (1.65 Trillion)

Amount Cut: $38,500,000,000 (38.5 Billion) – about 1% of the total budget.

National Debt Total: $14,271,000,000,000 before this year’s budget.

Harry Reid is calling this a “historic amount“. The President said it is a “historic deal”. John Boehner simply said, “We’ve come to an agreement”.

Let’s Put This In Perspective. It helps me to think about these numbers in terms that we can relate to.

Let’s remove eight zeroes from those numbers and pretend this is a household budget for the fictitious Jones family.

Amount of money the “Jones’s family spent this Year: $38,200

Total income for the “Jones’s family this Year: $21,700

Amount of new debt added to the credit card this Year: $16,500

Outstanding balance on the credit card: $142,710
New outstanding balance on credit card: $159,210
So last week, the “Jones’s” sat down at the kitchen table and agreed to cut $385 from their yearly budget. A historic amount isn’t it!! We Are Screwed"





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post #2 of 15 (permalink) Old 08-28-2011, 06:33 PM
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We Are Screwed"

Yes you are but your not alone

Peter

I have had dreams and i have had nightmares i now dont have nightmares because of my dreams
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post #3 of 15 (permalink) Old 08-28-2011, 06:54 PM
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I am not sure why this is in the FUN forum, 'cause it sure as heck ain't funny.

Doug

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post #4 of 15 (permalink) Old 08-28-2011, 07:16 PM
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Yep for sure

If you cant get there on two wheels I just wont go
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post #5 of 15 (permalink) Old 08-28-2011, 09:44 PM
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They keep talking aboutdebt but they're the ones that put us in this shape..

If they didn't want us in debt we wouldn't be.. Life time politicians, we need people who have worked for a living or had to meet a payroll.....................

Back to riding after a 30 yr lay off.. Started with a 86 Magna 750 on to a 02 Shadow 1100,99 Magna 750,91 ST1100, finaly a 93 Wing.. and now an 06 1800 Loven Life...
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post #6 of 15 (permalink) Old 08-28-2011, 11:33 PM
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There's a problem with this analogy. If the Jones family prints their own money, they will go to jail!


Suck it up buttercup!
If global warming were true, then why do we have so many snowflakes everywhere!
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post #7 of 15 (permalink) Old 08-29-2011, 05:28 AM
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Foodman wrote:
Quote:
They keep talking aboutdebt but they're the ones that put us in this shape..

If they didn't want us in debt we wouldn't be.. Life time politicians, we need people who have worked for a living or had to meet a payroll.....................





Quote:
I second that!

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currently under Trike Conversion (sold)
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post #8 of 15 (permalink) Old 08-29-2011, 10:06 AM
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+1 for the magnificent explanation of the FUBAR and the comments too.

Tim

"If you want to make an apple pie from scratch you must first invent the universe." Carl Sagan
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post #9 of 15 (permalink) Old 08-30-2011, 05:56 AM
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Got this from a friend it long but o, so true.......

A very interesting column.. COMPLETELY NEUTRAL . Be sure to Read the Poem at the end.

Charley Reese's final column for the Orlando Sentinel... He has been a journalist for 49 years. He is retiring and this is HIS LAST COLUMN.

This is about as clear and easy to understand as it can be. The article below is completely neutral, neither anti-republican or democrat. Charlie Reese, a retired reporter for the Orlando Sentinel, has hit the nail directly on the head, defining clearly who it is that in the final analysis must assume responsibility for the judgments made that impact each one of us every day. It's a short but good read. Worth the time. Worth remembering!

545 vs. 300,000,000 People
-By Charlie Reese

Politicians are the only people in the world who create problems and then campaign against them.

Have you ever wondered, if both the Democrats and the Republicans are against deficits, WHY do we have deficits?

Have you ever wondered, if all the politicians are against inflation and high taxes, WHY do we have inflation and high taxes?

You and I don't propose a federal budget. The President does.

You and I don't have the Constitutional authority to vote on appropriations. The House of Representatives does.

You and I don't write the tax code, Congress does.

You and I don't set fiscal policy, Congress does.

You and I don't control monetary policy, the Federal Reserve Bank does.

One hundred senators, 435 congressmen, one President, and nine Supreme Court justices equates to 545 human beings out of the 300 million are directly, legally, morally, and individually responsible for the domestic problems that plague this country.

I excluded the members of the Federal Reserve Board because that problem was created by the Congress. In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered, but private, central bank.

I excluded all the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman, or a President to do one cotton-picking thing. I don't care if they offer a politician $1 million dollars in cash. The politician has the power to accept or reject it. No matter what the lobbyist promises, it is the legislator's responsibility to determine how he votes.

Those 545 human beings spend much of their energy convincing you that what they did is not their fault. They cooperate in this common con regardless of party.

What separates a politician from a normal human being is an excessive amount of gall. No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits. The President can only propose a budget. He cannot force the Congress to accept it.
The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations and taxes. Who is the speaker of the House? John Boehner. He is the leader of the majority party. He and fellow House members, not the President, can approve any budget they want. If the President vetoes it, they can pass it over his veto if they agree to.

It seems inconceivable to me that a nation of 300 million cannot replace 545 people who stand convicted -- by present facts -- of incompetence and irresponsibility. I can't think of a single domestic problem that is not traceable directly to those 545 people. When you fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they want to exist.

If the tax code is unfair, it's because they want it unfair.

If the budget is in the red, it's because they want it in the red.

If the Army & Marines are in Iraq and Afghanistan it's because they want them in Iraq and Afghanistan ...

If they do not receive social security but are on an elite retirement plan not available to the people, it's because they want it that way.

There are no insoluble government problems.

Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take this power. Above all, do not let them con you into the belief that there exists disembodied mystical forces like "the economy," "inflation," or "politics" that prevent them from doing what they take an oath to do.

Those 545 people, and they alone, are responsible.

They, and they alone, have the power.

They, and they alone, should be held accountable by the people who are their bosses.

Provided the voters have the gumption to manage their own employees...

We should vote all of them out of office and clean up their mess!

Charlie Reese is a former columnist of the Orlando Sentinel Newspaper.

What you do with this article now that you have read it... is up to you.
This might be funny if it weren't so true.
Be sure to read all the way to the end:

Tax his land,
Tax his bed,
Tax the table,
At which he's fed.

Tax his tractor,
Tax his mule,
Teach him taxes
Are the rule.

Tax his work,
Tax his pay,
He works for
peanuts anyway!

Tax his cow,
Tax his goat,
Tax his pants,
Tax his coat.

Tax his ties,
Tax his shirt,
Tax his work,
Tax his dirt.

Tax his tobacco,
Tax his drink,
Tax him if he
Tries to think.

Tax his cigars,
Tax his beers,
If he cries
Tax his tears.

Tax his car,
Tax his gas,
Find other ways
To tax his ass.

Tax all he has
Then let him know That you won't be done
Till he has no dough.

When he screams and hollers;
Then tax him some more,
Tax him till
He's good and sore.

Then tax his coffin,
Tax his grave,
Tax the sod in
Which he's laid...

Put these words
Upon his tomb,
'Taxes drove me
to my doom...'

When he's gone,
Do not relax,
Its time to apply
The inheritance tax.

Accounts Receivable Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Excise Taxes
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax (currently 44.75 cents per gallon)
Gross Receipts Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Personal Property Tax
Property Tax
Real Estate Tax
Service Charge Tax
Social Security Tax
Road Usage Tax
Recreational Vehicle Tax
Sales Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Taxes
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Nonrecurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax


STILL THINK THIS IS FUNNY?
Not one of these taxes existed 100 years ago, & our nation was the most prosperous in the world.
We had absolutely no national debt, had the largest middle class in the world, and Mom stayed home to raise the kids.

What in the heck happened? Can you spell 'politicians?'

I like my Trike....also have a 2008 Honda VXT1300
also have a 2003 Honda GL 1800
also had a 1987 Honda Gl 1200
also had a 1986 Honda Sei1200
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post #10 of 15 (permalink) Old 08-30-2011, 08:12 AM Thread Starter
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Sarchasm: The gulf between the author of sarcastic wit and the person who doesn't get it.

Those that judge don\'t matter.
Those that matter don\'t judge.
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