Lots of things wrong with this simplicity. IF it were the Rockefeller family then this short term story would be ridiculous. Bloomberg, Koch or anyone else. The wrong Russell assumes the nation is a middle class household and then make his pronouncements like a solid member of the conservative fraternity. They are stupid and unworthy. America's physical capital endowment is huge. The third largest in the world with a population that uses less of it than the populations of almost any other nation in the world except Canada. This is an embarrassment. It is mixing small scale systems with large scale systems and coming up with nothing. Bertrand Russell (the other Russell) spoke of such things in his principia and John Warfield called them Trusels. Seems to make sense but when applied fails. What are you saying here Arthur?
REH From: [email protected] [mailto:[email protected]] On Behalf Of Arthur Cordell Sent: Sunday, September 18, 2011 3:29 PM To: [email protected]; 'RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION' Subject: [Futurework] FW: Simple terms (WHY THE U. S. WAS DOWNGRADED) From: James Russell Sent: Thursday, September 15, 2011 9:12 PM Subject: Simple terms (WHY THE U. S. WAS DOWNGRADED) thanks for this one to Shari Kulha... Why the U.S. was downgraded: . 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 cut: $ 38,500,000,000 Let's remove 8 zeros and pretend it's 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 ... about that second job ...
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