Chuck Woolery on Budget Cuts

US Debt Visualized

One Hundred Dollars

$100 - Most counterfeited money denomination in the world.

Keeps the world moving.

Ten Thousand Dollars

$10,000 - Enough for a great vacation or to buy a used car.
Approximately one year of work for the average human on earth.

One Million Dollars

$1,000,000 - Not as big of a pile as you thought, huh?
Still this is 92 years of work for the average human on earth.

One Hundred Million Dollars

$100,000,000 - Plenty to go around for everyone.
Fits nicely on an ISO / Military standard sized pallet.

One Billion Dollars

$1,000,000,000 - You will need some help when robbing the bank.
Now we are getting serious!

One Trillion Dollars

$1,000,000,000,000 - When the U.S government speaks about a 1.7 trillion deficit - this is the volumes of cash the U.S. Government borrowed in 2010 to run itself.
 Keep in mind it is double stacked pallets of $100 million dollars each, full of $100 dollar bills. You are going to need a lot of trucks to freight this around. If you spent $1 million a day since Jesus was born, you would have not spent $1 trillion by now...but ~$700 billion - same amount the banks got during bailout.

One Trillion Dollars

Comparison of $1,000,000,000,000 dollars to a standard sized American Football field and European Football field.
Say hello to the Boeing 747-400 transcontinental airliner that's hiding on the right. This was until recently the biggest passenger plane in the world.

15 Trillion Dollars

$15,000,000,000,000- Unless the U.S. government fixes the budget, US national debt (credit card bill) will topple 15 trillion by Christmas 2011.
 The Statue of Liberty seems rather worried as United States national debt passes 20% of the entire world's combined GDP (Gross Domestic Product). 
In 2011 the National Debt will exceed 100% of GDP, and venture into the 100%+ debt-to-GDP ratio that the European PIIGS have (bankrupting nations).

114.5 Trillion Dollars

$114,500,000,000,000 - US unfunded liabilities.
To the right you can see the pillar of cold hard $100 bills that dwarfs the 
WTC & Empire State Building - both at one point the world's tallest buildings.
 If you look carefully you can see the Statue of Liberty.
The 114.5 Trillion dollar super-skyscraper is the amount of money the U.S. Government 
knows it does not have to fully fund the Medicare, Medicare Prescription Drug Program, 
Social Security, Military and civil servant pensions. It is the money the USA knows it will not 
have to pay all its bills.
If you live in the USA, this is also your personal credit card bill; you are responsible along with 
everyone else to pay this back. The citizens of the USA created the U.S. Government to serve
 them, this is what the U.S. Government has done while serving The People.
The unfunded liability is calculated on current tax and funding inputs, and future demographic 
shifts in US Population.
Note: On the above 114.5T image the size of the base of the money pile is half a trillion, not 1T as on the 15T image. 
The height is double. This was done to reflect the base of Empire State and WTC more closely.
Everyone needs to see this.
Source: Federal Reserve & www.USdebtclock.org - visit it to see the debt in real time and get a better grasp of this amazing number.

Rep. Kelly: "Our policies make Houdini look like an amateur"

Spenditol

Warren Buffett’s foolproof plan to wipe out the deficit

US Debt Clock

Click Here To Visit US Debt Clock

Click Here To Visit US Debt Clock

Students Refuse to Sign Pledge to Pay National Debt

Paul Ryan: Our Generation's Defining Moment

Brother, Can You Spare A Trillion?

Shah: Republican budget cuts will kill 70,000 children

"Looks like Democrats are getting ready to dust off the old “baby killer” insult and try it out on Republican budget cutters. We haven’t really heard that one since the war in Vietnam was winding down, so we’d have to say it’s long overdue." - I Hate The Media

by Josh Rogin

As Congress struggles to negotiate a budget deal to keep the government running, the head of the U.S. Agency for International Development (USAID) told lawmakers Wednesday that the GOP version of the budget bill would result in the deaths of at least 70,000 children who depend on American food and health assistance around the world.

"We estimate, and I believe these are very conservative estimates, that H.R. 1 would lead to 70,000 kids dying," USAID Administrator Rajiv Shah testified before the House Appropriations State and Foreign Ops subcommittee.

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U.S. Foreign Aid Goes to Countries That Hate Us?

Amendment ends aid to countries opposed to U.S. at U.N.

Of the 15 Biggest Recipients of US Aid, 14 Voted

Against the US Position More Than 50% of the Time

by Patrick Goodenough

(CNSNews.com) – U.S. aid should not go to countries that oppose American positions at the United Nations more often than not, according to one of the hundreds of proposed budget-cutting amendments currently being considered by the U.S. House of Representatives.

Whether successful or not, the measure put forward by Texan Republican Rep. Louie Gohmert draws attention to the issue of how many countries, including most major recipients of U.S. foreign assistance, regularly take positions at the U.N. at odds with those of the U.S.

According to the amendment, a U.N. member state would be ineligible for U.S. aid if it voted contrary to the U.S. stance more than 50 percent of the time during the most recent session of the U.N. General Assembly.

In 2009 – the latest figures available – 14 of the 15 biggest recipients of U.S. aid took opposing positions to those taken by the U.S. in U.N. votes more often than not. Israel was the exception, with a world-beating 97 percent voting coincidence with the U.S.

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"This Budget Never, Ever, Ever Reduces the Debt?"

Rep. Woodall: "This Budget Never, Ever, Ever Reduces the Debt, Is That Right?"

Secretary of Treasury admits his budget is “unsustainable”

Allen West on Multiculturalism

What Big Government Can Do

by John Hayward

On Monday morning, President Obama dropped the bloated corpse of a bizarre, $3.73 trillion budget on the steps of Capitol Hill. It is a remarkable document, in that it extends the wildly irresponsible spending and Big Government devotion of Obama’s first two years almost without hesitation, despite the historic pounding his party took in the 2010 midterm elections.

This dead-on-arrival budget, in combination with the results of the Obama spending binge to date, has but one use: it shows us what Big Government can do.

Government, for example, is indispensable in the creation of high unemployment.

Big Government is also vital in the creation of shortages.

Government is the mother of entitlement.

And, of course, only government can produce crippling levels of debt.

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Obama Budget Contains 15 Hidden Tax Hikes

by Mattie Corrao

With the release of his FY 2012 budget today, the President is attempting to brand reckless spending and higher taxes as fiscal reform. In reality, this is the same foolhardy budgeting we’ve seen over the past two years of the Obama Administration, with one difference: more spending.

Record overspending – the President’s budget calls for a record level of overspending, after the unprecedented growth of the previous two years. The plan calls for spending to reach $3.8 trillion this year, mounting 25.3 percent of GDP, the highest share since World War II. This pales in comparison to the ten-year outlook; the budget calls for $8.7 trillion in new spending, projecting outlays of $46 trillion over the next decade.

Digging the hole deeper - While CBO recently estimated the FY 2011 budget deficit would reach $1.5 trillion, President Obama’s budget overspends at the highest rate that country has ever witnessed, creating a $1.65 trillion deficit for FY 2011. The President has falsely alleged the budget will “reduce” the deficit by $1.1 trillion, neglecting to mention that this is less than one tenth of the overspending his budget requires in the next decade.

Increases taxes to fuel higher spending – Instead of cutting spending, the President is increasing taxes to grow government. The budget hikes taxes by $1.5 trillion over the next ten years while spending almost ten times that in the same period.

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John Stossel: I Can Balance the Budget!

by John Stossel

The Congressional Budget Office says the current year's budget deficit will be a record $1.5 trillion. It also says that over the next decade we're on track for annual deficits of "only" $768 billion. I suspect the CBO has hired Rosy Scenario to do the bookkeeping, but let's take that number at face value.

I'm now going to balance the budget, with the help of some experts.

I'll begin with things I'm most eager to cut. Let's privatize air traffic control. Canada did it, and it works better. Then privatize Amtrak. Get rid of all subsidies for rail. That'll save $12 billion.

End subsidies for public broadcasting, like NPR. Cancel the Small Business Administration. Repeal the Davis-Bacon rules under which the government pays union-set wages to workers on federal construction projects. Cut foreign aid by half (although we should probably get rid of all of it). So far, that's $20 billion.

Oops. That doesn't dent the deficit. We have to do much more...

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Paul Ryan: Health care law is a fiscal house of cards

Final Tab for Pelosi’s Speakership: $5.34 Trillion in New Debt

Final Tab for Pelosi’s Speakership: $5.34 Trillion

in New Debt — or $3.66 Billion Per Day…

by Terence P. Jeffrey

In the 1,461 days that Rep. Nancy Pelosi (D.-Calif.) served as speaker of the House, the national debt increased by a total of $5.343 trillion ($5,343,452,800,321.37) or $3.66 billion per day ($3.657,394,113.84), according to official debt numbers published by the U.S. Treasury.

Pelosi was the 52nd speaker of the House. During her tenure, she amassed more debt than the first 49 speakers combined.

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