January 3, 2012—SnyderTalk: A Simple Way to Think About the U.S. Debt and Deficit Problems

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A SnyderTalk reader sent me an email which contained the information below.  It’s a simple way to think about the U.S. debt and deficit problems.  The numbers are several months old so the problems we face are actually worse than the numbers suggest, but they’re close enough to get the message across to thinking people:

  • 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

Let’s remove 8 zeros and pretend the numbers reflect a household budget:

  • 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
  • Total budget cuts: $385

Our debt and deficit problems aren’t too complicated to understand.  In fact, they’re easy to grasp.  I get it; you get it; and so do our elected officials.  There are two significant differences between us and them.  One, we must make ends meet or we’ll go bankrupt.  Two, we can’t print money because it’s illegal.

The United States can go bankrupt, too.  The Standard & Poor’s downgrade of U.S. bonds suggests that we are moving in that direction.  If we don’t control our spending and do it soon, we will go the way of Greece and Italy.  If our creditors have to force us to do what we should do on our own, we’ll have rioting in the streets just like Greece and Italy did, and they will force us to deal with our debt and deficit problems unless we take corrective action before it’s too late.  I think that it may be too late already, but time will tell.

Unexpected things happen when people take to the streets.  For example, just look at what’s taking place right now in Tunisia, Libya, Egypt, and Syria.  If you think that it can’t happen here, you are mistaken.  The only thing needed to turn a movement such as Occupy Wall Street into violent protests all across the nation is a champion with an agenda.  Are those types of people lurking in the shadows?  It’s naïve and foolish to believe that they are not.

The 2012 election may be our last opportunity to turn our nation around before we face dire consequences.  If you care about our nation’s future, you need to do everything you can to make sure that we elect people who will to act responsibly.  That means we need to elect people who are willing to put our nation’s interests ahead of their personal political and financial goals.  Is that asking too much?  I hope not, but as I said before, time will tell.

This SnyderTalk editorial first appeared as a blog in American Thinker on January 2, 2012.

To see other SnyderTalk editorials, click here.

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Thomas Jefferson

“For here we are not afraid to follow the truth wherever it may lead, nor to tolerate any error so long as reason is left free to combat it.”

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Email Distribution List:

I have created an email distribution list that I use to notify people when I post a new SnyderTalk.  If you would like to be on that list, send your email address to nhsny@yahoo.com, and put “add me to your distribution list” in the subject line.  If you know others who are interested in SnyderTalk content, tell them to send me their email address, and I’ll put them on the list.

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Jeremiah 37: 6-10

Then the word of Yahweh came to Jeremiah the prophet, saying, “Thus says Yahweh God of Israel, ‘Thus you are to say to the king of Judah, who sent you to Me to inquire of Me: “Behold, Pharaoh’s army which has come out for your assistance is going to return to its own land of Egypt.  The Chaldeans will also return and fight against this city, and they will capture it and burn it with fire.’  Thus says Yahweh, ‘Do not deceive yourselves, saying, “The Chaldeans will surely go away from us,” for they will not go.  For even if you had defeated the entire army of Chaldeans who were fighting against you, and there were only wounded men left among them, each man in his tent, they would rise up and burn this city with fire.’”

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Falsely Accused is a true story about a young woman who was accused of committing a double homicide.  It’s about a travesty of justice, and it reveals Yahweh intervening in the life of a believer to rescue her from danger in the face of seemingly insurmountable odds.  Everyone will enjoy the book, but young people in particular need to read it because the mistakes made that led to the problem could have been avoided.  They were the kinds of mistakes that young people are prone to make.  As they say, forewarned is forearmed.  Click here to order the eBook.  Click here to order the paperback.

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Hosea 4: 6

My people are destroyed for lack of knowledge.

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Stand! is a gripping novel about the subterfuge surrounding the global warming debate.  It lays out the facts concerning climate change through an exciting story that pits a college professor and his research collaborator against corrupt university administrators and radical environmentalists.  Click here to order the eBook.  Click here to order the paperback.

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What Will You Do with the Rest of Your Life? deals with a question that every Christian has to consider: what should I do with my life?  Click here to order the eBook.  Click here to order the paperback.

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If You Voted for Obama in 2008 to Prove You’re Not a Racist, You Need to Vote for Someone Else in 2012 to Prove You’re Not an Idiot explains why voters in the United States need to elect someone besides Barack Obama to lead them.  Whoever is elected President of the United States in 2012 will have to contend with the monumental problems that Obama’s misguided policies have caused both at home and abroad.  One thing is certain, though.  It should not be Barack Obama.  Click here to order the eBook.  Click here to order the paperback.

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Yahweh to Jeremiah—Jeremiah 16: 21

“Therefore behold, I am going to make them know—this time I will make them know My power and My might; and they shall know that My name is Yahweh.”

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If you haven’t been there already, you should take the opportunity to visit Natural Healthcare Store.  Each product selected for sale at Natural Healthcare Store undergoes rigorous research to make sure that it is the highest quality at an affordable price.

Natural Healthcare Store carries skin care, hair care, and oral care products.  Be sure to check out the Dead Sea products imported from Israel and support the Israeli economy with your purchases.  Natural Healthcare Store carries makeup, deodorant, and detoxification products.  It also carries supplements, weight loss products, and loose leaf tea.  Rounding out its product mix, Natural Healthcare Store carries natural household cleaning products.

Katie and I believe strongly in healthy living, and we use the products.  We’re proud to say that our daughter Melanie owns the store.

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http://www.commentarymagazine.com/

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His Name is Yahweh explains why the Name of God, Yahweh, is so important.  It’s available in eBook format and in paperback.

God also said to Moses, “Say to the Israelites, ‘Yahweh, the God of your fathers—the God of Abraham, the God of Isaac and the God of Jacob—has sent me to you.’ This [Yahweh] is my name forever, the name by which I am to be remembered from generation to generation.”

Exodus 3: 15

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