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Message: US Economics Simplified

San Gold's share price is affected by the price of gold. The price of gold is affected by the US economic mess. As such, a quick lesson in US economics could be enlightening.

Lesson # 1:

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 cuts:…….… $ 38,500,000,000

Now, 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 so far:……………………..… $ 38.50

Are we really this stupid?????

Lesson # 2:

Here's another way to look at the Debt Ceiling: Let's say, You come home from work and find there has been a sewer backup in your neighborhood....and your home has sewage all the way up to your ceiling. What do you think you should do? Raise the ceiling, or remove the sewage?

[JMHO - I have not verified the accuracy of the numbers above, but I assume they are relatively correct; in any case, I think the point is quite clear].


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