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: $ 38,500,000,000Let'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: $3.85Got 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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