Behold, the US budget and bail out explained in simple English, along with my personal take on the solution. I gathered bail out info from the following Levy Institute study by James Felkerson. If you would like access to the open source document, comment on this post and I’ll give you access to the moderated EtherPad. Here’s the original EtherPad to play with. BTW – EtherPad is the open source platform that Google Docs is based on.
This post is inspired by the following imagur.com post on the OWS Reddit by user: nxqv. I highly encourage Occupiers, Redditors and cool people to play with this document and make it better. Will present at GA. Here it goes
Simplifying complex things so everyone can understand is a lovely thing to do
*US Tax Revenue: $2,170,000,000,000
*Fed budget: -$3,820,000,000,000
* Deficit: – $1,650,000,000,000
*Natl debt: -$14,271,000,000,000
*Recent budget cut: $38,500,000,000
*Bail out: -$29,000,000,000,000
Now, remove 8 zeros and imagine it’s a household or business budget
*Our annual income: $21,700
*Money we spent: -$38,200
*New debt on credit card: -$16,500
*Outstanding balance on card: -$142,710
*Total dollars our accountant saved: $385
*New loan we took out to pay off latest bad ones: -$290,000
So let’s stop the insanity now! Vote all of them out and balance the budget ourselves! Make then give back what was loaned so we can put it to use! Like any good business, we should make something that will be productive. If Google could become what it is out of Andy Bechtolseim’s initial $100,000 investment in 1998, then we make whatever we want with $29,000,000,000,000.
That is why nations print their own money. They are like business that have their own Credit Union for bootstrapping projects. With that capacity, they make something more productive than the rate of inflation of the loan and goods necessary for survival. Businesses do this when well managed. If we did such through a national investment in energy savings and renewables, we’d make up more than our National Debt in savings and thensome with new jobs and added productivity from free energy. Add a program to make free internet for the America and we’ll secure a 21st century economy. We don’t need more roads, we need free energy and communication.
Investing poorly screws everything up. Or in our case, our accountants (politicians) are laundering our money out of the country, stealing it for themselves, and actually using it to bet against against America’s success to double collect on their lies.
So don’t just vote em out. Arrest, every single last one of them. Let’s invest the money in Manhattan Projects for energy savings, renewable development and the people’s internet. Open source all of those projects on R&DIY/Open Source Ecology frameworks and you have a solution for all the worlds ills, freely available in an insanely short time frame.
Check those out and see for yourself