Friday, February 10, 2012

Explaining The National Debt And The Debt Ceiling

A friend of mine forwarded me this little illustration of the national debt and the debt ceiling, and I can't think of a better way to present it:

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
* Outstanding balance on the credit card: $142,710
* Total budget cuts: $385
* Total budget cuts: $385

Got It?

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 all the crap?

Your choice is
coming November 6, 2012

Beautiful!  This applies to both Democrats and Republicans, of course.

My personal rule of thumb: if you don't know anything about the candidates in any particular race, always vote out the incumbent.

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