This rather brilliantly cuts
thru all the political doublespeak we get. It puts it 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 spent: $38,200
* New debt on the credit card: $16,500
* Outstanding balance on the credit
card: $142,710
* Total budget cuts: $385
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 sewage?
Your choice is
coming Nov. 2012