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
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 crap?
Your choice is coming Nov. 2012.
Bob Hickey
1 comment:
As bad as all of that is, it's actually much worse. If you go on the net to look up 'unfunded liabilities,' you'll see a variety of numbers, but the most realistic one is probably 100 trillion dollars. Can you say austerity? Sure, I knew that you could. This member of the ORIGINAL and ONLY GENUINE Tea Party (the Libertarian Party) could give you the blue prints on how to save your country, but it just turned midnight here in west Tex and I'm getting sleepy. I'll save my country some other time, promise. If you go to Mitt's site, some of those things sound kinda feasible, and a lot sounds like he's continuing to give away the candy store. My highly-advanced brain is screaming for rest. Late.
The Masked Blogger
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