Friday, April 15, 2011

Obama Budget Cut Visual with Pennies

President Barack Obama's 2012 budget plan would slash the deficit by $1.1 trillion over 10 years, officials said on Sunday, but Republicans were unimpressed and vowed to push for deeper cuts in spending.



Illustrated (c/o 1,000 Pennies)- A simple illustration of how out of control the federal budget is. On May 7, 2010,



What Does a Billion Look Like



What Does a Trillion Look like



Now, lets look at the health care bill



Inflation Is Here – Just Open Up Your Eyes And Look At These 5 Financial Charts!


Cutting the annual budget deficit won't save us anyway. It only means that we're barreling head-first into a brick wall at a slightly slower pace than before. The entitlements will still come due:

"There are 77 million baby boomers now ranging from age 41 to age 59. All are hoping to collect tens of thousands of dollars in pension and healthcare benefits from the next generation. These claimants aren’t going away. In three years, the oldest boomers will be eligible for early Social Security benefits. In six years, the boomer vanguard will start collecting Medicare. Our nation has done nothing to prepare for this onslaught of obligation. Instead, it has continued to focus on a completely meaningless fiscal metric—“the” federal deficit—censored and studiously ignored long-term fiscal analyses that are scientifically coherent, and dramatically expanded the benefit levels being explicitly or implicitly promised to the baby boomers."

The result of this is not in question: The United States government is already running on fumes, and in a few more years, it will suffer financial collapse.

"Countries can and do go bankrupt," says Kotlikoff, and the U.S. is no exception to the laws of economic reality.

The American people, as usual, remain oblivious to the financial future that awaits them. Even as the housing bubble is now beginning to burst in the nation's most overpriced real estate markets, most people don't have a clue what "hard times" really means. To today's debt-ridden yuppie spenders, "hard times" means shuffling six different credit card accounts to cover the payments on an overpriced house, two new SUVs in the driveway and a vacation to Paris, none of which the yuppie couple can afford.
The idea of ever having to pay back their debt and live within their means is as foreign to most Americans as it is their own government. Financial consequences have been put off so habitually, for so long, that people forget they even exist. And thus the reality awakening becomes ever more rude when it finally appears. To say that most Americans will be in a state of shock when their life savings are suddenly wiped out is an understatement: These people will have never even imagined such an event is possible, much less contemplated how it might affect them.

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Keywords:
Ron Paul, Martial Law, Monatary Collapse, Social Unrest, Food Shortage, Government Actions, New World Order, NWO, Globalists, Elitists, economic collapse, economic collapse 2012, new international order, global financial crisis, collapse of the dollar, north american union, economic meltdown

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