Monday, September 24

US Spending Problem Explained

I was forwarded this and enjoyed it enough to share. If only President Obama and his follow Democrats could understand and confront this problem. I am not saying that the Republicans are blameless here. However, they are the only ones that both sides will hold to account regarding future spending....
This rather brilliantly cuts thru all the political doublespeak we get.
It puts it into a much better perspective.

US Tax revenue:  $2,170,000,000,000
Fed budget:         $3,820,000,000,000
New debt:             $1,650,000,000,000
National debt:   $16,000,000,000,000
Recent budget cut:   $38,500,000,000

Now let’s 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: $160,000
Total budget cuts:                                          $385

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 the ceilings.

What do you think you should do ......

Raise the ceilings, or pump out the crap?

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