The debt

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Big N' Blue
Babble Mouth
Babble Mouth
Posts: 2176
Joined: Tue Jun 26, 2007 1:30 pm
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Location: Houston, Texas

The debt

Post by Big N' Blue »

I found this on the net and it certainly cuts these Trillions of dollars down
to a better understanding.

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 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?
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