Saturday, July 10, 2010

By the Numbers - You may not like what you see

Our parents and grandparents were appalled when the Government’s spending and debts were put in numbers as Billions and Tens of Billions. Now our government expects us to accept Trillions as the norm.

Approximately 9,000 earmarks costing about $8 Billion were included in the 2009 Omnibus Spending Bill. If the $8 Billion was excluded, the tax bill for 800,000 families would be reduced by $10,000 each, a real tax relief to America’s Middle Class. And that example was just for the Omnibus Spending Bill in 2009. In fiscal year’s 2008 Total Federal Budget, there were approximately 11,500 earmarks totaling about $16.5 Billion for the year. This means in 2008, 1.5 million families could have saved over $10,000 each in taxes.

In order to get the health care bill passed a sweetener needed to be added for a southern state. It was reported to be $300 Million. 30,000 American families will have to pay $10,000 each for one state to benefit

The $75 Billion intervention by the Government to ease the burden of homeowners takes $10,000 away from 7.5 Million homeowners. These 7.5 million homeowners would like to use those funds for the betterment of their own families.

This is our money and our children's, granchildren's and great-grandchildren's debt congress is spending. It's time they start to appreciate that.

What's that expression:
A Billion here and a Billion there and pretty soon you're talking about real money! Of course, when that was first uttered they were taling about Millions. How long is it to Trillions?

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