This cuts through all the political doublespeak we get. It puts the debt into a much better perspective.
Lesson # 1: (based on figures from months ago when debt was trillions of dollars less)
- U.S. Tax revenue: $2,170,000,000,00
- 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: $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.
Source: Unknown
You do know that Obama's lowered the national debt over the last 3 years don't you?
ReplyDeleteThey probably don't report that on Fux News.
The same way they don't explain now that the economy is starting to pick up and the answer to the GOP's question are you better off now than 4 years ago has backfired the GOP is focusing on some imaginary middle east policy.
Oh, is that why we are swimming in trillions of debt? The National Debt also now exceeds 100% of the nation’s Gross Domestic Product, the total value of goods and services. It's increased more under Obama than it did under 8 years of Bush.
ReplyDeleteBrilliant! Removing 8 zeros absolutely makes the problem understandable in an instant! THANK YOU!!!
ReplyDelete