Economics in Two Lessons

Economics in Two Lessons

Lesson # 1:

US Tax revenue: $2,170,000,000,000

Federal budget: $3,820,000,000,000

New debt: $1,650,000,000,000

National debt: $14,271,000,000,000

Recent budget cuts: $38,500,000,000

Let's now remove 8 zeros and pretend it's a household budget:

 * Annual family income: $21,700
 * Money the family spent: $38,200
 * New debt on the credit card: $16,500
 * Outstanding balance on the credit card: $142,710
 * Total budget cuts so far: $38.50

 Got it ?????

 Lesson # 2:

 Here's another way to look at the debt ceiling:

 Let's say you come home from work and find there has been a sewer backup in your neighborhood... and your home has sewage all the way up to your ceilings.

 What do you think you should do?

 Raise the ceilings, or remove the crap?

Previously published by and special thanks to Casey Research.

Funny Corporate Mergers for the Christmas Season

Harken Energy (HKN) + Herald National Bank (HNB) + Fallen Angels Income Fund (FAINX) + Singapore Fund (SGF) = Hark, Herald, Angels, Sing

Deckers Outdoor Corp. (DECK) + The 9 Limited (NCTY) + Hallmark Financial Services (HALL) = Deck, The, Hall

Little Bank Inc. (LTLB.OB) + Towne Bank (TOWN) + Bethlehem Steel = Little, Towne, Bethlehem

Joy Global (JOY) + Two Harbors Investment Corp. (TWO) +
The World Series of Golf, Inc. (WSGF.PK) = Joy, Two, The World

For more stock market jokes, go to InvestmentTrivia.com.

Recession Jokes

Here are some jokes that have been floating around my email account:

The Recession has hit everybody.....

I got a pre-declined credit card in the mail.

Wives are having sex with their husbands because they can't afford batteries.

CEO's are now playing miniature golf.

Exxon-Mobil laid off 25 Congressmen.

A stripper was killed when her audience showered her with rolls of pennies while she danced.

I saw a Mormon polygamist with only one wife.

If the bank returns your check marked "Insufficient Funds," you call them and ask if they meant you or them.

McDonald's is selling the 1/4 ouncer.

Angelina Jolie adopted a child from America .

Parents in Beverly Hills fired their nannies and learned their children's names.

My cousin had an exorcism but couldn't afford to pay for it, and they re-possessed her!

A truckload of Americans was caught sneaking into Mexico .

A picture is now only worth 200 words.

When Bill and Hillary travel together, they now have to share a room.

The Treasure Island casino in Las Vegas is now managed by Somali pirates.

Congress says they are looking into this Bernard Madoff scandal. Oh Great!

The guy who made $50 Billion disappear is being investigated by the people who made $1.5 Trillion disappear!

Green Jokes from My Green Stock Speech Last Week

What do you call an electric car with two exhaust pipes? A wheelbarrow.

How do you make an electric car go faster? A two truck.

What's the best way to charge a lithium ion battery? A credit card.

What did the California wind farm say to Governor Arnold? We're big fans of yours.

What do you call the shock absorbers on an electric car? Passengers.

What do you call an electric car at the top of a hill? A miracle.

"According to a new UN report, the global warming outlook is much worse than originally predicted. Which is pretty bad when they originally predicted it would destroy the planet." ~ Jay Leno

Jay Leno tried one of those new Smart Cars a couple weeks ago. He drove to work, parked in his usual spot on the street in front of the studio. He then tried to open his car door and noticed that they had built a concrete wall there. It turned out to be the curb.

For more jokes, go here and http://stockerblog.blogspot.com/2007/12/funny-mergers.html.

More jokes can be found at investmenttrivia.com.