MetalFillBoy, yes everything is much different now
versus when Greenspan cut rates to 1% and held it there. I'll try to write more when I have time later. But, besides the changes in different business cycles and other cycles, just think about the Billions for each gov't intervention since this started actually collapsing.
Speaking of billions, here is an email I just received that probably some of you are getting as well (I have not checked the numbers, but, at first glance it seems accurate):
The next time you hear a politician use the
word 'billion' in a casual manner, think about
whether you want the 'politicians' spending
YOUR tax money.
A billion is a difficult number to comprehend,
but one advertising agency did a good job of
putting that figure into some perspective in
one of its releases.
A. A billion seconds ago it was 1959.
B. A billion minutes ago Jesus was alive.
C. A billion hours ago our ancestors were living in the Stone Age.
D. A billion days ago no-one walked on the earth.
E. A billion dollars ago was only 8 hours and 20 minutes, at the rate our government is spending it.
While this thought is still fresh in our brain...
let's take a look at New Orleans ...
It's amazing what you can learn with some simple division.
Louisiana Senator,
Mary Landrieu (D)
is presently asking Congress for
250 BILLION DOLLARS
to rebuild New Orleans . Interesting number...
what does it mean?
A. Well... if you are one of the 484,674 residents of New Orleans
(every man, woman, and child)
you each get $516,528.
B. Or... if you have one of the 188,251 homes in
New Orleans , your home gets $1,329,787.
C. Or... if you are a family of four...
your family gets $2,066,012.
Washington , D.C
HELLO! >
Are all your calculators broken??
Accounts Receivable Tax
Building Permit Tax
CDL License Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Tax
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Service charge taxes
Social Security Tax
Road Usage Tax (Truckers)
Sales Taxes
Recreational Vehicle Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Fe dermal, State and Local Surcharge Tax
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-recurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Tax
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax
STILL THINK THIS IS FUNNY?
Not one of these taxes existed 100 years ago...
and our nation was the most prosperous in the world.
We had absolutely no national debt...
We had the largest middle class in the world...
and Mom stayed home to raise the kids.
What happened?
Can you spell 'politicians!'
