Occupy Museums 4

    Newer Older

    Outside the MoMA when the Occupy Wall Street was in full swing downtown.

    1. msdonnalee 28 months ago | reply

      interesting shot. i occupied the de young last night (masters of venice) but i think that signs like the above and others i've seen, like "occupy the mall," detract from and make a joke of a very serious social movement.

    2. NYCandre 28 months ago | reply

      Donna: thanks for the reminder, agreed: i would not want to contribute more to the confusion about what OWS stands for. I have rewritten the main comment in this better page .

    3. NYCandre 28 months ago | reply

      ".. This shows how long daddy government can still fund the banks messed up behavior:

      * U.S. Tax revenue: $2,170,000,000,000
      * Fed 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: $385″.

      Simple huh? But wait, there’s more! This uses the total debt figure of $14 Trillion (now over $15 Trillion) but in reality if you include the “off books” debt, the total is over $100 Trillion. So using this example above, the family making $21,700 per year has a credit card balance of roughly $1 Million! Of course the credit card’s interest rate is at the very low current “teaser rates” but what will happen to this family ( US, as in all of us!) when the teaser rates expire and are replaced with modest market rates of say…6 or even 7%? At 7% interest rates, a full one half of government tax revenues will go to paying off interest…and ONLY INTEREST! "

      From jaredbernsteinblog.com/me-not-scared-of-big-numbers/

    keyboard shortcuts: previous photo next photo L view in light box F favorite < scroll film strip left > scroll film strip right ? show all shortcuts