Large numbers...

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Large numbers...

Post  Pez on Wed Mar 09, 2011 11:16 am

If I did the math right....

If the entire Federal budget is $1000, the 52 billion in cuts proposed before congress right now equates to about fifteen bucks.

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Re: Large numbers...

Post  Cincy Fan 44 on Thu Mar 10, 2011 10:46 am

Hatchet Time!

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Re: Large numbers...

Post  Pez on Fri Mar 11, 2011 4:05 pm

Some more....

If the federal budget is $1000, spending on...

Defense is $198.
Social Security is $200
Medicare is $228
Education is $14

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Re: Large numbers...

Post  IrishGuy on Fri Mar 11, 2011 4:10 pm

Pez wrote:Some more....

If the federal budget is $1000, spending on...

Defense is $198.
Social Security is $200
Medicare is $228
Education is $14

I think I'm confuzzed. Of the $1000 federal budget above, $200 is going to Social Security. What/Why does the federal budget pay into Social Security? I thought that was "funded" in Social Security taxes taken out of our paychecks.
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Re: Large numbers...

Post  Pez on Fri Mar 11, 2011 4:29 pm

And everyone is fighting this hard about $52 Billion.

Again, this is where our leaders fail us. We need to open up the entire budget, look at it line by line by line and talk about what we can afford or not afford... Are our priorities in line with the expectations? Are we a nation that can leave unsustainability to our children, then the problem will ultimately be much harder?

We have to do something about this now, or the bond market will make us do it. Bonds are our credit card. If no one will buy a treasury bond, it's akin to cutting them up. Then we will have no choice but to cut the budget in a very painful and catastrophic way. eg, we cant pay government salaries because we have no cash nor credit.

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Re: Large numbers...

Post  Pez on Fri Mar 11, 2011 4:30 pm

IrishGuy wrote:
Pez wrote:Some more....

If the federal budget is $1000, spending on...

Defense is $198.
Social Security is $200
Medicare is $228
Education is $14

I think I'm confuzzed. Of the $1000 federal budget above, $200 is going to Social Security. What/Why does the federal budget pay into Social Security? I thought that was "funded" in Social Security taxes taken out of our paychecks.

Thats what it pays out of social security in benefits. The red stuff left over.

EDIT: I'm not sure thats right... money paying pack to social security from money borrowed???? will see what I can find out.

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Re: Large numbers...

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