This rather brilliantly cuts thru all the political doublespeak we get. It puts it into a much better perspective.
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 so far: $3.85
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 on Election Day.
Feel Free to Copy to Your Blog, if you agree.
Hey Jack B. Nimble. Thanks for that. It's a crazy situation really when compared to a household.
ReplyDeleteMay I share with you what's been keeping me from reading and commenting on blogs lately?
"This Restless Life: a study of Central Coast California parks through photography, interpretive collage and stories" is a book project of which I'm in the midst. If you have the time and the inclination, would you take a look at my short video at http://www.kickstarter.com/projects/1778487749/this-restless-life?ref=email to learn more about the project? If you like the project, would you share it with your network of friends and family? Thank you sincerely. (I have a link to the video at the top of my blog page too.)
Very interesting, Levonne. I've listed your video on my sidebar. Beautiful work. Good luck with your endeavor.
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