US finance simplified
 

From a Cybercast news article today:

"Imagine that you had an average monthly income of about $170 balanced against average monthly expenses of about $940--and that you were more than $14,000 in debt. Then imagine that as of today, you had only $58.60 in cash left in your bank account and $130.50 left on your line of credit. Now multiply these numbers by 1 billion and you will have the up-to-date financial situation of the U.S. government."

Now imagine you can just print more money.
And that you can keep borrowing.

Re: US finance simplified
 

Damn, ungood

Re: US finance simplified
 

in before the lock!

Re: US finance simplified
 

I can't see how this will get out of hand. There is nothing political at all about this. It should be a reality check.

Re: US finance simplified
 

I dont think there is anything inflammatory in the first post, but have seen similar, sobering, type statements start debate about solutions and as soon as that starts it typically goes down hill

Re: US finance simplified
 

:tpd: Sorry Lance, this thread has "Crash and Burn" written all over it. :sh

Re: US finance simplified
 

A million a day...for 2,739 years= 1 trillion..;s

Re: US finance simplified
 

Yep. This is only a snapshot of the current situation before the new budget passes. The solutions are not for anyone here to suggest, unless they are involved.
I'm pretty sure the solutions will involve the mentioned borrowing and printing, though.:D

Re: US finance simplified
 

Not if we stay mature and stick to the rules. I trust we will. I may have undue faith in my fellow inmates. Still, the OP has a useful perspective that is worth viewing.

Re: US finance simplified
 

you mean the budget that will put a million people out of work? sorry that's not going to help anything

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10 posts in and we're a whisper away from this being shut down.
:2

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Could that be a new record?

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Sounds like the finances I had in my college days!!!:D

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Ibtl

no whispering in this thread :D

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..... on second hand I'll let it go beyond 15 before lock. :tu

IBTL

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Still Going! Duh! #WINNING!

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Lets get this thread to 20 :tu

IBTL

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;s

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Thank you for giving some perspective, Lance.

Re: US finance simplified
 

And that's why I'm nervous about our future.

If my finances were like the government's, they'd throw me in jail for fraud.

Peace of the Lord be with you.