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    Lightbulb Explaining the Obama Economy to 6th Graders

    March 24, 2013 11:32pm

    Our government-run public education system is very bad. So bad that generations of Americans educated in public schools don’t understand economics. They don’t understand how Obama’s policies damage the economy, kill jobs, and destroy their children’s future. So I’m going to educate the masses with very simple examples that even a 6th grader can understand.

    Let’s compare America to your household. That makes it very simple and easy to understand.

    Let’s say you make $50,000 per year…and you owe $250,000 in credit card and consumer debt. You’re in deep trouble, right? One way or another, you are headed for bankruptcy court in the future.

    Then you receive a credit line in the mail for $250,000. Are you rich? Of course not. That new credit line or credit card is not “income.” It’s more debt- a loan to be paid back at high interest rates. You didn’t just gain $250,000. You just added $250,000 to your debt. You still make $50,000, but instead of owing $250,000 in debt, you now owe $500,000. You think you’re “saved.” Actually you’re twice as broke as before. Insanity.

    That’s exactly what Obama is doing to the U.S. economy. He added $6 trillion in debt in only four years to “save” us from a terrible economy. Well he didn’t save anyone. He just put all of us into much deeper debt. This debt will destroy the lives of our children and grandchildren. And the economy isn’t even better. It’s in shambles. If interest rates go up in the future, the entire U.S. economy will be destroyed by the debt.

    But there is one part of the economy thriving- the stock market. That keeps going up because Obama has guaranteed the richest fat cats on Wall Street profits by the billions- from you! Obama is stealing $85 billion per month from the taxpayers…mostly the middle class…to buy bonds that no one else wants…and to buy mortgages that no one else wants…which automatically makes the stock market go up. That $85 billion per month that the Fed is printing goes straight to the bottom line of the biggest companies publicly traded on Wall Street.

    Sounds great until you realize those trillions of dollars printed by the Fed to make the stock market go up…so Obama can act like the economy is getting better…are not riches…they are debt. They are loans that need to be paid back by you, your children, and grandchildren. Insanity.

    Even worse, can you imagine if the $250,000 credit line that came in the mail to “save” you, was issued by YOU? That’s exactly what’s happening under Obama. We are so broke, so indebted, so insolvent, that no one wants to buy our bonds anymore. That’s why the United States, Europe and Japan buy 60% to 90% of their own bonds. Do you understand what this means? That’s like you being so broke, so in debt, that you loan yourself the money to pay the bills you can’t afford.

    Can you imagine if you owned a bank and gave yourself a $250,000 loan that no one else would give you, because you are unqualified to handle more debt. You’d be destroying your own future, plus your own bank. You didn’t “save” yourself, or your bank. You killed two birds with one loan! Insanity.

    How about Obama’s claim that he “saved” the auto industry. Once again it’s a combination of pure fraud and pure delusion. He didn’t actually “save” anyone. He just grabbed about $100 billion from the taxpayers- that’s YOU- to redistribute to auto unions…so their members could continue to get their obscene unsustainable pensions…and then kickback a hundred million dollars or so to Obama’s Presidential campaign. It’s called “pay for play.” It’s fraud and someone should go to prison.

    And of course we now know that the loss to taxpayers is at least $25 billion and maybe much more. So who did Obama “save?” I could save any industry in the country by stealing $25 billion from taxpayers and handing it to that industry. But the reality is…you’re out $25 billion folks. That’s more debt for your kids. They’ll be paying the interest on that debt decades from now…and they didn’t even get a lousy car out of the deal! Insanity.

    What if your creditors agreed to a deal to restructure your debt. And they offered you the following deal- you owe us $250,000, and you can’t pay it back, so we’ll raise it to $350,000 and we’ll all agree that things look better! Well that’s “the fiscal cliff” deal folks. To solve a debt crisis, we added $4 trillion to the spending and debt, and the President and Congress declared it a victory. Insanity.

    What if things got so bad that you finally agreed to cut spending to save your personal economy. So you cut $10 per week to try to repay your $250,000 debt. Well that’s the sequester folks. We cut a measly $80 billion out of a $3.5 trillion budget, with over $16 trillion in debt. We accomplished nothing. Insanity.

    What if you were out of work for 2 years…and you got so discouraged that you decided to stop looking for a job and spend the rest of your life living off food stamps and disability. But because you’re not looking for a job anymore, you no longer consider yourself unemployed. That’s exactly how Obama can claim the unemployment rate is “improving.” Insanity.

    Finally, here’s the most bizarre example of all. You are broke. Out of money. You can’t pay your bills. You still owe $250,000. Collection agencies are calling day and night. But you love the Muslim Brotherhood of Egypt so much, you still write them a check for $25,000. That’s what Obama just did with your taxpayer money. Insanity.

    I hope it’s all clear now. Obama’s economic policies can best be described as a combination of debt, fraud, insanity, and delusion. Even a 6th grader can see that.

    http://www.theblaze.com/contribution...o-6th-graders/
    Laissez les bon temps rouler! Going to church doesn't make you a Christian any more than standing in a garage makes you a car.** a 4 day work week & sex slaves ~ I say Tyt for PRESIDENT! Not to be taken internally, literally or seriously ....Suki ebaynni IS THAT BETTER ?

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    Obama Seeks To Teach Young People “How to Budget Responsibly”
    Posted 11 hours ago by Philip Hodges

    No, I don’t think this is an April Fools’ joke. Obama released an official statement on the White House website declaring that April is National Financial Capability Month. It would be funny if it weren’t true. In his statement, Obama said he wants to help young people better manage their finances: http://www.whitehouse.gov/the-press-...ity-month-2013

    “I call upon all Americans to observe this month with programs and activities to improve their understanding of financial principles and practices….

    My Administration is dedicated to helping people make sound decisions in the marketplace….

    Together, we can prepare young people to tackle financial challenges–from learning how to budget responsibly to saving for college, starting a business, or opening a retirement account….

    My Administration continues to encourage responsibility at all levels of our financial system by cracking down on deceptive practices and ensuring that consumers are informed of their rights.”
    I wonder if Obama is planning on leading by example anytime soon. He’s trying to tell young people how to manage their money better, but he manages to rack up over $6 trillion in debt during his time in office.

    How ironic that one of the websites that Obama links to in his statement leads to a Federal Reserve webpage that offers tips on “Getting the most from your credit card.” One of the tips is “Stay below your credit limit.” http://www.federalreserve.gov/consum...creditcard.htm I wonder if the Federal Reserve is ever going to lead by example. They don’t bother trying to stay below their credit limit. They just scare Americans into continuing to raise it. They don’t even feel like they need a credit limit.
    Of course, big government proponents argue that if Obama didn’t spend as much as he has, and if the Fed didn’t create as much debt/money as it has, our entire economy would implode. They’ve got to keep spending and pumping money into certain sectors of the economy in order to prop it up. Bernanke even has to give trillions of dollars away to foreign banks to “stabilize” the global economy.

    Government officials think comparing government finances to household finances is not fair. They don’t like the comparison, because it makes them look completely irresponsible. But they claim that there really is a distinction between the two. They agree that households should operate on a tight budget. But because it’s government’s job to “spur growth” in the private sector, to “create jobs” and to keep unemployment down, they have no choice but to tax heavily, borrow heavily and print debt-based currency like there’s no tomorrow. That’s how they’re going to get the economy going again.

    But that’s not doing the trick anymore. That kind of government is unsustainable. Besides, it’s not government’s job to do any of those things. It isn’t even capable of running the economy.

    Obama and the Federal Reserve are great examples of how not to manage one’s finances. It doesn’t matter if you’re talking about a household or a huge, federal government. If you live beyond your means, you will be destined to live beneath your means


    Read more: http://politicaloutcast.com/2013/04/...#ixzz2PKBiB88U
    Laissez les bon temps rouler! Going to church doesn't make you a Christian any more than standing in a garage makes you a car.** a 4 day work week & sex slaves ~ I say Tyt for PRESIDENT! Not to be taken internally, literally or seriously ....Suki ebaynni IS THAT BETTER ?

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