Fausta's blog

Faustam fortuna adiuvat
The official blog of Fausta's Blog Talk Radio show.

Thursday, June 30, 2005

Hillary's next meme will be the budget deficit
SmadaNek overheard something in Washington. Don't miss SmadaNek's numbers:
The national debt ($7.78 trillion) amounts to about 66% of national production ($11.7 trillion). This could be compared to a family with an annual income of $50,000 holding a mortgage for about $76,000. The total monthly payment on a $76,000 mortgage (30-yr fixed @ 5.375%) would be $425.58, or $5,106.96 annual -- 6.7% of the balance, 10% of gross income.
I'm more worried about trade wars with China, and property rights than the budget deficit.

As for Social Security, I kissed that one good-bye a long time ago. There isn't going to be any.

0 Comments:

Post a Comment

<< Home