I got this from my buddy Phil;
This 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 sewage?
Your choice is coming Nov. 2012.
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