Manages Parisian Family Office. Began Wall Street, 82. Founded investment firm, Native American Advisors. Member, White Earth Chippewa Tribe. Was NYSE/FINRA arb. Conservative. Raised on Native reservations. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from Ghost Ranch on the Yellowstone River in MT, his TN farm, Pamelot or CASA TULE', his winter camp in Los Cabos, Mexico. Always been, and will always be, an optimist.

Wednesday, December 05, 2012

Math will win the day.........

The fiscal cliff is a done-deal.

The math will win.  It always does unless it is Obama math.

Selective memory is alive and well.     Remember this?

"Obama in 2011: We can get $1.2 trillion in revenues without raising tax rate"

Here's the 4th grade math:

TOTAL SPENDING $3.603 trillion
2011 Federal Government’s spending: $3,603,000,000,000.00 (3.603 trillion)

There are a million “millions” in a trillion or 1,000 millions in a billion and 1,000 billions in a trillion. If you spent 1 million a day since 1AD you’d have not spent a trillion.
MANDATORY SPENDING $2.073 Trillion FY2011
Entitlements:

Social Security…………………………………………………………………………$726 billion
Medicare……………………………………………………………………………………$480 billion
Medicaid……………………………………………………………………………………$275 billion
TARP & Other mandatory programs…………………………………….$631 billion
Total………………………………………………………………………………………….$2,073 trillion

2011 Other Mandatory Spending includes: Food Stamps (47 million recipients) Unemployment Benefits (22.8% unemployment rate), Child Nutrition Student Loans, Disability and Tax Credits.
INTEREST ON FEDERAL DEBT $230 billion
Interest:…………………………………………………………………………………..$230 billion
DISCRETIONARY SPENDING $1.3 trillion
Must be approved by Congress each year, breaks out into 2 key areas: Security related Military Foreign Aid, Veteran Services and non-security related (What we think of when we think of the government, Agriculture, Commerce, Education, Justice, State, Energy Treasury, Interior, Transportation, HHS, HUD, etc.)

Security:…………………………………………………………………………………..$700 billion
Nonsecurity……………………………………………………………………………..$462 billion
Total……………………………………………………………………………………….$1,300 trillion
GOVERNMENT INCOME TOTAL RECEIPTS $2.303 Trillion
Income (Government Revenues): $2,303,000,000,000.00 (2.303 trillion)

Mandatory Programs……………………………………………………………….$2.073 trillion
Interest……………………………………………………………………………………….$ 230 billion
Discretionary Spending…………………………………………………………..$1,300 trillion
Total……………………………………………………………………………………………$3.603 trillion
Government “Balance” Sheet
Income………………………………………………………………………………………..$2.303 trillion
Total Spending………………………………………………………………………….$3.603 trillion
DEFICIT………………………………………………………………………………………$1.300 trillion

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