MM> Household analogy to US Debt:
 MM> Remove 8 zeros from the US numbers for the mythical Jones
 MM> family. This year, the Jones family spent: $38,200
 MM> Total family income: $21,700
 MM> New debt added to the credit card: $16,500

 MM>  it doesn't include about $1,000,000 (scaled down by eight
 MM>  zeros) in future promises for Social Security and Medicare
 MM>  in excess of the future taxes for Social Security and
 MM>  Medicare. That's how truly profligate Obama, Bush and the
 MM>  rest of the idiots in Washington, D. C.

 Obama has very little to do with that. He inherited a debt of
 nearly $12 trillion dollars. And a collapsing economy.

 The Jones family didn't just have an income of $21,700, Mr Jones
 lost his job, and Mrs Jones is the only source of income now.
 Their $38,200 in spending is for bills already incurred. It's
 borrow or go bankrupt.

 Oh, and Mr Jones lost his job because his predecessor was
 corrupt and lied to his stockholders, over extended the
 company, and made deals with company suppliers who ripped off
 the company seven ways from Sunday.

 This BS about both parties are responsible is the way the
 confrontation avoiders get around putting the blame where it
 belongs, on the republicans.

 Remember, the debt load went down from the end of WWII to 1981.
 When Reagan took office in 1981 the debt load started back up.

 Obama inherited a debt load of nearly 90% of GDP. 100% of the
 debt load increase from WWII that Obama inherited came under
 three anti-tax republican presidents. Reagan/Bush I/Bush II.

 Never forget that.

 Obama has been too weak in dealing with the republicans, IMO.
 That doesn't change the fact that the current economic problems
 are the result of the Bush administration corruption and
 incompetence.

 MM> fw: from a facebook post


BOB KLAHN bob.klahn{at}sev.org   http://home.toltbbs.com/bobklahn

... Let the flames begin!  (Atlanta Olympics opening line)
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