Faster horses
Well-known member
We are in danger!
U.S. National Debt is near $17 Trillion – soon Twenty Trillion Dollars! You and your financial security are in great danger because of this.
Let’s put the Fiscal Cliff in perspective:
This simple explanation helps us better understand what our money problems really look like. First we’ll list the financial statistics of the U.S., and then we’ll convert the numbers to compare them to a typical family budget. Prepare to be shocked.
Financial Statement of the United States of America:
* U.S. Tax revenue: $ 2,170,000,000,000
* Federal budget: $ 3,820,000,000,000
* New debt: $ 1,650,000,000,000
* National debt: $ 16,571,000,000,000
* 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: $ 165,710
* Total budget cuts so far: $ 385
The numbers are not exact- but they give you a pretty good idea of how bad things are now – and they will only be getting worse unless our government wakes up and stops bankrupting our country!
They have got to WAKE UP NOW!
In 2008 the entire American economy almost collapsed. Remember, General Motors went bankrupt and would have shut down except for billions given to it by the Federal Government. Two of the largest Wall Street firms did collapse and went out of business
A.I.G. our largest insurance company and several of our largest Banks would have collapsed if the U.S. Treasury did not give them a one trillion dollar bail out.
And yet we haven’t learned from our mistakes!
Ronald Reagan, in his first Inaugural Speech on January 20, 1981, said, “But great as our tax burden is, it has not kept pace with public spending. For decades, we have piled deficit upon deficit, mortgaging our future and our children’s future for the temporary convenience of the present. To continue this long trend is to guarantee tremendous social, cultural, political, and economic upheavals.”
President Reagan recognized the danger over thirty years ago, yet our government continues to spend more money than it receives and continues to borrow to make up the shortage – more than one Trillion Dollars each year for the last four years.
The overspending elite liberals in government are stealing the financial future from our children and grandchildren. If by some miracle we are able to survive the immediate threat – by kicking the can down the street and into the future – someone will have to pay that debt. The longer we wait, the harder it will be. The longer we wait, the more it will cost. If we wait too long – it will be impossible to make the payments and our economy will collapse.
Just to pay the INTEREST on the National Debt requires $40 Billion Dollars each month. That’s enough to buy all the prescription drugs for every person who needs them, 180,000 brand new 3 bedroom homes, 76 new “state of the art” Hospitals, and 4 billion meals – every month.
What’s worse, we are borrowing money to pay the interest from Foreign countries like China, Saudi Arabia, Russia, Japan and Venezuela and other countries who are not very good friends with us.
Every time we send one of our Dollars to those countries, we are giving them our wealth. They take our money out of our country and use it to build up their economies while our economy fades. America used to be the strongest economic power- some say we still are. If that is true, why did we have our Credit Rating lowered for the first time since World War Two? America no longer has the highest credit rating because our National Debt is making us go broke.
Please join and stand with AMAC to address our Nation’s problems
The Association of Mature American Citizens (AMAC) has been described as the Conservative Alternative to AARP and also as the most important new conservative organization today. While Americans of any age may join, most of our special discounts and benefits are for people over 50.
AMAC (pronounced A- Mac) is the fastest growing patriotic organization in America. Started in 2007 with zero members, we have grown to well over 500,000 members and our growth has accelerated in recent months because of like-minded conservative Americans like you.
Unlike many other organizations who criticize, complain and condemn what is wrong and then do nothing about the problem – except ask you for money – AMAC takes strong action on your behalf, introduces constructive ideas, and actually pushes for intelligent solutions.
AMAC recently introduced a serious plan to keep Social Security solvent and presented it to the staffs of over two dozen Members of Congress and Senators.
Right now, AMAC is proposing an across the board Spending Cut of 2% for all Federal Departments. If AMAC’s plan is adopted and followed up with spending cuts of 1% each year for the next 5 years, we are on our way to a balanced budget and the end to all this madness. This simple, common-sense plan will save us from financial ruin.
AMAC believes that the Second Amendment, which states, “A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed” is an integral part of our freedom.
For a limited time, a 5-year membership is available for less than $1 a month, and you can save hundreds of dollars each year in exclusive AMAC benefits alone – such as through AMAC’s members-only Auto & Home Insurance Program, the AMAC Roadside Assistance Program, and many other great benefits!
But, the biggest benefit you get when you join is A STRONG VOICE IN WASHINGTON!
You can help AMAC by joining our ranks. The more members we have, the more power we have to get our representatives to listen to YOU – the conservative American thinker.
Don’t give up. Stand up! Join AMAC and we’ll stand together.
Better for you. Better for America
read more at Newsmax.com
U.S. National Debt is near $17 Trillion – soon Twenty Trillion Dollars! You and your financial security are in great danger because of this.
Let’s put the Fiscal Cliff in perspective:
This simple explanation helps us better understand what our money problems really look like. First we’ll list the financial statistics of the U.S., and then we’ll convert the numbers to compare them to a typical family budget. Prepare to be shocked.
Financial Statement of the United States of America:
* U.S. Tax revenue: $ 2,170,000,000,000
* Federal budget: $ 3,820,000,000,000
* New debt: $ 1,650,000,000,000
* National debt: $ 16,571,000,000,000
* 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: $ 165,710
* Total budget cuts so far: $ 385
The numbers are not exact- but they give you a pretty good idea of how bad things are now – and they will only be getting worse unless our government wakes up and stops bankrupting our country!
They have got to WAKE UP NOW!
In 2008 the entire American economy almost collapsed. Remember, General Motors went bankrupt and would have shut down except for billions given to it by the Federal Government. Two of the largest Wall Street firms did collapse and went out of business
A.I.G. our largest insurance company and several of our largest Banks would have collapsed if the U.S. Treasury did not give them a one trillion dollar bail out.
And yet we haven’t learned from our mistakes!
Ronald Reagan, in his first Inaugural Speech on January 20, 1981, said, “But great as our tax burden is, it has not kept pace with public spending. For decades, we have piled deficit upon deficit, mortgaging our future and our children’s future for the temporary convenience of the present. To continue this long trend is to guarantee tremendous social, cultural, political, and economic upheavals.”
President Reagan recognized the danger over thirty years ago, yet our government continues to spend more money than it receives and continues to borrow to make up the shortage – more than one Trillion Dollars each year for the last four years.
The overspending elite liberals in government are stealing the financial future from our children and grandchildren. If by some miracle we are able to survive the immediate threat – by kicking the can down the street and into the future – someone will have to pay that debt. The longer we wait, the harder it will be. The longer we wait, the more it will cost. If we wait too long – it will be impossible to make the payments and our economy will collapse.
Just to pay the INTEREST on the National Debt requires $40 Billion Dollars each month. That’s enough to buy all the prescription drugs for every person who needs them, 180,000 brand new 3 bedroom homes, 76 new “state of the art” Hospitals, and 4 billion meals – every month.
What’s worse, we are borrowing money to pay the interest from Foreign countries like China, Saudi Arabia, Russia, Japan and Venezuela and other countries who are not very good friends with us.
Every time we send one of our Dollars to those countries, we are giving them our wealth. They take our money out of our country and use it to build up their economies while our economy fades. America used to be the strongest economic power- some say we still are. If that is true, why did we have our Credit Rating lowered for the first time since World War Two? America no longer has the highest credit rating because our National Debt is making us go broke.
Please join and stand with AMAC to address our Nation’s problems
The Association of Mature American Citizens (AMAC) has been described as the Conservative Alternative to AARP and also as the most important new conservative organization today. While Americans of any age may join, most of our special discounts and benefits are for people over 50.
AMAC (pronounced A- Mac) is the fastest growing patriotic organization in America. Started in 2007 with zero members, we have grown to well over 500,000 members and our growth has accelerated in recent months because of like-minded conservative Americans like you.
Unlike many other organizations who criticize, complain and condemn what is wrong and then do nothing about the problem – except ask you for money – AMAC takes strong action on your behalf, introduces constructive ideas, and actually pushes for intelligent solutions.
AMAC recently introduced a serious plan to keep Social Security solvent and presented it to the staffs of over two dozen Members of Congress and Senators.
Right now, AMAC is proposing an across the board Spending Cut of 2% for all Federal Departments. If AMAC’s plan is adopted and followed up with spending cuts of 1% each year for the next 5 years, we are on our way to a balanced budget and the end to all this madness. This simple, common-sense plan will save us from financial ruin.
AMAC believes that the Second Amendment, which states, “A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed” is an integral part of our freedom.
For a limited time, a 5-year membership is available for less than $1 a month, and you can save hundreds of dollars each year in exclusive AMAC benefits alone – such as through AMAC’s members-only Auto & Home Insurance Program, the AMAC Roadside Assistance Program, and many other great benefits!
But, the biggest benefit you get when you join is A STRONG VOICE IN WASHINGTON!
You can help AMAC by joining our ranks. The more members we have, the more power we have to get our representatives to listen to YOU – the conservative American thinker.
Don’t give up. Stand up! Join AMAC and we’ll stand together.
Better for you. Better for America
read more at Newsmax.com