The Deficit And Debt Crisis

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Why the U.S. credit rating was downgraded and why Obama and associates have lost all fiscal creditability:
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* U.S. Tax revenue: $2,170,000,000,000
* Fed budget: $3,820,000,000,000
* New debt: $ 1,650,000,000,000
* National debt: $14,271,000,000,000
* Recent budget cuts: $ 38,500,000,000
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Let's now remove 8 zeros and pretend it's a household budget:
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* 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: $142,710  (6.6 Times Annual Income !!!)
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* Total Obama budget cuts: $385 (1% of the spending !!!)
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And Obama the Democrats and Progressives continue to refuse to address or even acknowledge the scope and magnitude of this crisis that threatens our Country!
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US Owes $62 TRILLION (half-million $ per household) in unfunded obligations
Our TOTAL Personal Assets = $55 Trillion
We are $7 TRILLION in debt even if we liquidated all our peoples assets
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http://roanokeslant.blogspot.com/2011/06/us-owes-62-trillion-half-million-per.html
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http://roanokeslant.blogspot.com/2011/12/obama-acting-more-pathetic-and-fiscally.html
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http://roanokeslant.blogspot.com/2011/07/obamas-debt-limit-leadership-statement.html
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Prior appropriate blog items:
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http://roanokeslant.blogspot.com/2011/08/its-spending-and-economic-policies.html
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http://roanokeslant.blogspot.com/2011/08/usa-whats-your-credit-score.html
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http://roanokeslant.blogspot.com/2011/12/obama-declares-victory-gets-on-chopper.html
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http://roanokeslant.blogspot.com/2011/12/capitol-hill-productivity-slides.html
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http://roanokeslant.blogspot.com/2011/01/obama-i-have-just-begun-to-spend-your.html
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http://roanokeslant.blogspot.com/2011/08/deficit-soapbox-drama-did-i-shave-my.html
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