2011 Federal Budget had the gov't spending $4.2 trillion dollars.
There are 8765 hours in a year:
$4.2 trillion / 8,765 hours = $479,178,551 = $479 million per hour
times 24 hours per day = $11,500,285,224 = $11.5 billion per day
$80 billion? That's less than a week of Obama deficit spending.
http://wiki.answers.com/Q/How...
Obama Complains Oil Companies Made $80 Billion in 2011 -- Fails to Mention That Wouldn't Sustain Even 20 Days of His Deficit Spending!
Ken
2012/03/31 18:05:31
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Obama
complains the the three largest U.S. Companies Made $80 billion in
2011 – What he fails to mention is that wouldn't even sustain 20
days of his deficit spending, even if he seized ALL of their profits!
March 29, 2012 at 11:57
AM EDT
Five
Reasons to Repeal Subsidies for Oil Companies
In 2011 the three largest
U.S. oil companies made a combined profit of more than $80 billion.
After nearly 100 years of subsidies, President Obama thinks it’s
time oil companies get by without more help from taxpayers who are
already having a tough time filling up their tank
http://www.whitehouse.gov/energy
In (Obama's) first 1,000
days, we’ve seen:
The
national debt increase by $4.2 trillion (that's $4.2 thousand-billion!)
2.2
million jobs lost
3
million more people living at or below the poverty line
The
federal government spending $4.2 billion per day than it takes in
Unemployment at 9
percent or higher for 840 out of 1000 days
http://www.myheritage.org/news/one-thousand-days-of-obama/
Obama SUCKS.
tax the 1 % at the rate of 100%
tax , tax, tax, there is not enuff money to pay off obomma spending even at 100 % ,,
hmm,, how about have the 47 % that pay ZERO tax pay a little , maybe 15 % , and stop all the spending ,, naw, that would not get any of them to vote for obomma ... forget it.
you are so funny ,, what a novel idea ,, responsible spending ..
OMG = OBAMA MUST GO !!!!
Kowtowing to our elite corporate owners is what's "nonsensical".
Queing up like sheeple to praise the aristocracy is what's "nonsensical".
Willingly laying your own head down on the chopping block is what's "nonsensical".
"Elite corporate owners" happen to be individual shareholders who are counting on their investments to fund their retirements.
#1) The Top 1% Owns 40% of the Nation's Wealth:
Nobel Laureate Joseph Stiglitz points out the richest 1% of Americans now own 40% of the nation's wealth. This disparity is much worse than it was in the past, as just 25 years ago the top 1% owned 33% of national wealth.
How much does the bottom 80% own? Only 7%.
#2) The Top 1% Take Home 24% of National Income:
While the richest 1% of Americans take home almost a quarter of national income today, in 1976 they took home just 9% -- meaning their share of the national income pool has nearly tripled in roughly three decades.
#3) The Top 1% Own Half of the Country's Stocks, Bonds and Mutual Funds: The Institute for Policy Studies illustrates this massive disparity in financial investment ownership, noting that the bottom 50% of Americans own only 0.5% of these investments.
#4) The Top 1% of Americans Have Only 5% of the Nation's Personal Debt:
Using 2007 figures, sociologist William Domhoff points out that the top 1% have 5% of the nation's personal debt while the bottom 90% have 73% of total debt.
#5) The Top 1% Are Taking In More off the Nation's Income Than at Any Other Time Since the 1920s: Not only are the wealthiest 1% of Americans taking...
#1) The Top 1% Owns 40% of the Nation's Wealth:
Nobel Laureate Joseph Stiglitz points out the richest 1% of Americans now own 40% of the nation's wealth. This disparity is much worse than it was in the past, as just 25 years ago the top 1% owned 33% of national wealth.
How much does the bottom 80% own? Only 7%.
#2) The Top 1% Take Home 24% of National Income:
While the richest 1% of Americans take home almost a quarter of national income today, in 1976 they took home just 9% -- meaning their share of the national income pool has nearly tripled in roughly three decades.
#3) The Top 1% Own Half of the Country's Stocks, Bonds and Mutual Funds: The Institute for Policy Studies illustrates this massive disparity in financial investment ownership, noting that the bottom 50% of Americans own only 0.5% of these investments.
#4) The Top 1% of Americans Have Only 5% of the Nation's Personal Debt:
Using 2007 figures, sociologist William Domhoff points out that the top 1% have 5% of the nation's personal debt while the bottom 90% have 73% of total debt.
#5) The Top 1% Are Taking In More off the Nation's Income Than at Any Other Time Since the 1920s: Not only are the wealthiest 1% of Americans taking home a tremendous portion of the national income, but their share of this income is greater than at any other time since the Great Depression, as the Center for Budget and Policy Priorities illustrates in this chart, using 2007 data.
Tell me, what do you think would happen if Obama got his way and totally "Spread the wealth around?" How many years do you think it would be before the exact same distribution was in place? How many multi-million dollar lottery winners are broke within five years? So the top 1% have only 5% of the nation's personal debt, five times their percentage in income? Why should that surprise you?
Bottom line, did the top 1% (incomes over $344,000) steal the money they are making? Did Bill Gates and Steve Jobs steal from anyone, or did they make tens of thousands of others wealthy too?
What you and your ilk, such as Barry and Michelle, need to learn is that the wealthy didn't get that way by taking from the "poor" or the less wealthy - they create wealth, and in so doing they bring one hell of a lot of others along for the ride. So stop quoting meaningless statistics and learn how capitalistic free market system actually works -- it has created more goods and services, more wealth, for more people, than any other economic system in history -- there isn't even a close second.
Me and my "ilk". Right. Enjoy the coming class war.
http://asset-server.libsyn.co...
And no, not an apologist for the "Ruling Class". Read Angelo Codevilla's book and you will see that the real "ruling class" is the entrenched left-wing bureaucracy that rules this nation from Washington.
The "free market" is bullsh*t. If this were a free market, Wall Street would have been shut down after draining $trillions out of the economy while not producing a goddam thing, but instead we gave them socialist welfare. Thanks, Bush.
So you make a long answer and block me at the same time? What a cowardly thing to do.
Further, the entire housing mess was started under the Clinton administration when it began forcing lenders to make loans (subprimes) to those who couldn't qualify under their normal "due diligence." It was those subprimes that created the derivative markets and all of the financial shenanigans that followed. The Glass Steagall bill was also repealed during the Clinton administration, allowing banks to make risky investments with their customers' money. All in all, it was not Bush's fault - so save your sarcastic "thanks" for the real culprits, Clinton, Barney, Waters, et al.