A Reminder:
This, rather brilliantly cuts thru all the political doublespeak we get. It puts everything into a much better perspective.
Lesson # 1:
* 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 spends: $38,200
* New debt on the credit card: $16,500
* Outstanding balance on the credit card: $142,710
* Total cuts to the budget so far: $3.85
Got It ?
OK, now 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 pump out the crap?
Remember – Your choice is coming on November 6, 2012.
Replies:
Posted by: Dogleg on September 13, 2012, 4:33 pm
Posted by: Stephen C on September 13, 2012, 4:47 pm
Posted by: Guest on September 14, 2012, 6:34 am
FF