Thursday, March 31, 2011

Who's more responsible: Charlie Sheen or Washington?




Brand new from Bankrupting America. Text below is from the youtube page.

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At first thought, Charlies Sheen hardly seems like a model for fiscal responsibility. But, unfortunately, Washington is far worse.

Washington's habit of spending far more than it takes in has driven the country into debt. And our economic situation is projected to only get worse.

The solution is clear, but not easy: spending cuts.

History shows that reducing government spending leads to sustained economic growth. And that's something (even Charlie Sheen) can get behind.

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Source List:

"Last year, Charlie made $30 million."
Source: http://jobs.aol.com/articles/2011/03/14/what-people-earn-celebrity-salaries-r...

"Last year, Washington brought in 2.3 trillion dollars in taxes."
Source: http://www.washingtonpost.com/blogs/federal-eye/post/wheres_your_tax_refund/2...

"What's not funny is that they [Washington] spent 30 million..."
Source: http://www.whitehouse.gov/omb/budget/Historicals

"It took over 200 years, and every President from George Washington through Bill Clinton, to rack up a gross debt of 6 trillion dollars."
Source: http://www.whitehouse.gov/omb/budget/Historicals

"In the last 10 years, we have more than doubled it.
"
Source: http://www.whitehouse.gov/omb/budget/Historicals

"And at $14 trillion in 2011, it looks like we'll only need another ten...to nearly double it again."
Source: http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/tables...

"14 trillion is more than 130,000 dollars per US household."
Source: http://www.whitehouse.gov/sites/default/files/omb/budget/fy2011/assets/tables...

Projections on interest on the debt:
Source: http://www.whitehouse.gov/sites/default/files/omb/budget/fy2011/assets/tables...

Household Purchase Averages
Sources: http://www.creditloan.com/infographics/how-the-average-consumer-spends-their-...

http://www.bls.gov/news.release/cesan.nr0.htm

"After World War II, the US government cut spending from 44 percent of the economy, to a mere 11 percent. What followed was one of the largest economic booms in US history."
Source: http://www.whitehouse.gov/omb/budget/Historicals

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