This brilliantly cuts thru all the political doublespeak we get and puts it into a clearer perspective.
Lesson # 1:
* U.S. Tax revenue: $2,316,000,000,000
* Fed budget: $3,620,000,000,000
* New debt: $1,304,000,000,000
* National debt: $15,158,000,000,000
* Recent budget cuts: $38,500,000,000
Let’s now remove 8 zeros and pretend it’s a household budget:
* Annual family income: $23,160
* Money the family spent: $36,200
* New debt on the credit card: $13,040
* Outstanding balance on the credit card: $151,580
* Total budget cuts: $385
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?
glad you liked it
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