US finance simplified

03-30-2011, 09:24 PM

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.

HollywoodQue · 03-30-2011, 09:33 PM

Damn, ungood

hscmit · 03-30-2011, 09:36 PM

in before the lock!

03-30-2011, 09:41 PM

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.

hscmit · 03-30-2011, 09:45 PM

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

bobarian · 03-30-2011, 09:48 PM

Quote:

Originally Posted by hscmit

in before the lock!

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

JaKaacH · 03-30-2011, 09:51 PM

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

03-30-2011, 09:51 PM

Quote:

Originally Posted by hscmit

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

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.

03-30-2011, 09:54 PM

Quote:

Originally Posted by bobarian

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

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.

loki · 03-30-2011, 10:03 PM

Quote:

Originally Posted by BC-Axeman

Yep. This is only a snapshot of the current situation before the new budget passes.

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

pnoon · 03-30-2011, 10:38 PM

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

bvilchez · 03-30-2011, 11:04 PM

Quote:

Originally Posted by pnoon

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

Could that be a new record?

Skywalker · 03-30-2011, 11:48 PM

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

GolfNut · 03-30-2011, 11:52 PM

Ibtl

no whispering in this thread

kgoings · 03-31-2011, 12:16 AM

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

IBTL

benedic08 · 03-31-2011, 12:19 AM

Still Going! Duh! #WINNING!

Bill86 · 03-31-2011, 12:23 AM

Lets get this thread to 20

IBTL

emopunker2004 · 03-31-2011, 12:25 AM

03-31-2011, 12:31 AM

Thank you for giving some perspective, Lance.

RevSmoke · 03-31-2011, 06:38 AM

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.

03-30-2011, 09:24 PM	#1
BC-Axeman Guest Posts: n/a	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.

03-30-2011, 09:33 PM	#2
HollywoodQue Invictus Join Date: Oct 2010 First Name: Howard Location: In the "D" Posts: 3,123 Trading: (46)	Re: US finance simplified Damn, ungood

03-30-2011, 09:36 PM	#3
hscmit Have My Own Room Join Date: Sep 2010 First Name: James Location: no where Posts: 2,200 Trading: (4)	Re: US finance simplified in before the lock!

03-30-2011, 09:41 PM	#4
BC-Axeman Guest Posts: n/a	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.

03-30-2011, 09:45 PM	#5
hscmit Have My Own Room Join Date: Sep 2010 First Name: James Location: no where Posts: 2,200 Trading: (4)	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

03-30-2011, 09:51 PM	#7
JaKaacH ROCK Chalk JAYHAWK K U Join Date: Oct 2008 First Name: Jeff Location: Living in the golden age of ignorance in power. Posts: 1,363 Trading: (32)	Re: US finance simplified A million a day...for 2,739 years= 1 trillion.. __________________ --Anger Management Graduate-- WHAT the F^#% you looking at???

03-30-2011, 10:38 PM	#11
pnoon YNWA Join Date: Oct 2008 First Name: Peter Location: San Diego Posts: 29,919 Trading: (20)	Re: US finance simplified 10 posts in and we're a whisper away from this being shut down. __________________ Be more concerned with your character than your reputation, because your character is what you really are, while your reputation is merely what others think you are. -John Wooden

03-30-2011, 11:48 PM	#13
Skywalker BABOTL Join Date: Oct 2008 First Name: Dice Location: Galaxy Far Far Away Posts: 10,168 Trading: (18)	Re: US finance simplified Sounds like the finances I had in my college days!!! __________________ Smoke what you like!!!

03-30-2011, 11:52 PM	#14
GolfNut Back in the woodshop! Join Date: Oct 2008 First Name: Forrest Location: Living room Posts: 1,361 Trading: (38)	Re: US finance simplified Ibtl no whispering in this thread __________________ www.wineadors.com

03-31-2011, 12:16 AM	#15
kgoings Cigarologist Join Date: Oct 2008 First Name: Kirk Location: Highlands Ranch, Co Posts: 1,979 Trading: (42)	Re: US finance simplified ..... on second hand I'll let it go beyond 15 before lock. IBTL __________________ Your silly little opinion has been noted!

03-31-2011, 12:19 AM	#16
benedic08 Bob's great grandson Join Date: May 2010 First Name: Benedic Location: Hot and Wet Manila Posts: 528 Trading: (8)	Re: US finance simplified Still Going! Duh! #WINNING!

03-31-2011, 12:23 AM	#17
Bill86 Snob Join Date: Jul 2010 First Name: Bill Posts: 6,704 Trading: (67)	Re: US finance simplified Lets get this thread to 20 IBTL

03-31-2011, 12:25 AM	#18
emopunker2004 Central Fla rollin Join Date: Jan 2011 First Name: Justin Location: Winter Springs, FL Posts: 6,171 Trading: (46)	Re: US finance simplified __________________ Cigar Asylum: Where all are equal, unless you are from CA, then you are more equal.

03-31-2011, 12:31 AM	#19
mariogolbee Guest Posts: n/a	Re: US finance simplified Thank you for giving some perspective, Lance.

03-31-2011, 06:38 AM	#20
RevSmoke Ain't Never Gonna Leave Join Date: Oct 2008 First Name: Todd Location: Northcentral woods of Wisconsin Posts: 6,871 Trading: (51)	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. __________________ Todd__ "Smoke what you like, and enjoy it!"