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Posts Tagged ‘Budget’

The Fiscal Cliff in Simple Terms

Well, the House just passed the Senate bill and sent it on to the President. To put this in perspective I put together the following table to help explain what little good has just taken place.

The Fiscal Cliff

Federal Budget

$3,796,000,000,000.00

Federal  Revenue

$2,386,000,000,000.00

New Debt

$1,410,000,000,000.00

National Debt

$16,350,600,000,000.00

Proposed Budget Cuts

$15,000,000,000.00

Increased Taxes

$62,000,000,000.00

In Family Budget Terms

2012 Annual Expenses

$37,960.00

2012 Annual Income

$23,860.00

Net Loss from 2012 (New Debt)

$14,100.00

Existing Home Loan

$163,500.00

You Now Owe

$177,600.00

To Solve Your Problem You

Cancel Your Newspaper Subscription

$150.00

Have a Yard Sale

$620.00

The Result

Net Loss For 2013

$13,330.00

 

Sadly, this is barely a drop in the bucket…and it took how long to arrive at this?

Oh, and there is still the matter of the debt ceiling to deal with. A friend of mine sent me the following scenario:

You come home from a trip to town to discover that due to a major city sewage malfunction your house has become filled with refuse. What do you do? Raise the ceiling or get rid of the crap and clean the house?

Sorry folks, but all of D.C. needs to get a loud and clear message to get serious, start working together and solve this mess.

By the way…Happy New Year!!

 

 

 

 

 

15 Minute Budget Solution

The announcement today that the “Super Committee” had FAILED, made me thoroughly DISGUSTED!

I was so disgusted that I took an entire 15 minutes to compile a bill for Congress to take up immediately upon their return to D.C. following Thanksgiving.

112th CONGRESS

1st SESSION

H.R. _ _ _ _

AN ACT

To balance the budget, eliminate the deficit and restore long-term economic stability.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

  1. the budgets of ALL departments, agencies, programs, entitlements and all branches of government will be reduced by five percent, effective immediately;
  2. all salaries, to all ELECTED and APPOINTED Federal officials will be suspended, effective immediately;
  3. all insurance coverage held by all elected Federal officials will be suspended, effective immediately;
  4. and all assets belonging to ELECTED Federal officials will be suspended, effective immediately.

The previously established conditions may be lifted when and only when:

  1. a balanced budget is passed and signed by the President;
  2. a plan to eliminate the deficit by 2022 is passed and signed by the President;
  3. a plan to make Social Security solvent is passed and signed by the President;
  4. and a plan to make Medi Care solvent is passed and signed by the President.

EFFECTIVE DATE – The actions of this section shall take effect on the date of the enactment of this Act.

Passed the House of Representatives, November 28, 2011

Attest:

Clerk

An Experiment…

September 21, 2011 6 comments

It’s the third Wednesday of the month…yes…it is the day of my monthly County Planning Commission meeting.

However, today is going to be a bit different…

Today, I am going to the meeting without paper staff reports and project proposals…. Read more…

Time – Focus On Children

The past three weeks has caused me to contemplate the matter of time and how I budget time. Like finances, time can be budgeted and I highly recommend that folks do, for many of the same reasons. Like money, time can be wasted. However, unlike money, more time cannot be earned. We are here on this planet for a finite period and it is important we invest our time wisely.

Begin your Time Budget by establishing what is most important to you, budget your time accordingly and then write it down and stick to your budget. Similar to money, time has an ROI (Return On Investment) value. It is important that the time you spend is quality time, especially when it comes to time invested with our children.

Read more…

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