Kingdom Living

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Entries Tagged as 'debt'

The Financial Dilemma America Faces That No One is Willing to Solve – Let’s Do Some Math

October 12th, 2012 · 6 Comments · Politics

Here are some numbers to consider that are mind boggling. It is important that you are aware of these numbers: Our government borrows roughly 40 cents of every dollar it spends (Politifact) In 2012 the government will take in about $2.17 trillion in tax revenue and spend $3.82 trillion – the difference is roughly 43%. […]

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Eye Popping Numbers Regarding Our National Debt

November 19th, 2011 · No Comments · Politics

I don’t usually do politics here but this is more fiscal responsibility than it is politics or picking sides. Remember the old debt ceiling debate back in July? One of the solutions was to form a Super committee of people to decide on how to cut 1.2 trillion dollars from our deficit in 10 years. […]

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American Tax Payers Buying Bad Loans and RISK

October 8th, 2008 · No Comments · Personal, Politics, Thoughts

Is it just me or did it sound like McCain was saying the government needed to buy up the bad loans? I wonder where “the government” could get so much money from? Does the government produce any income? Does the government make payroll due to their profits? No. Taxes. So let’s say it like it […]

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