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Budget lesson 1

Posted by Robertdseals 12 years, 8 months ago to Government
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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

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?


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  • Posted by jyokela 12 years, 8 months ago
    I believe I will get to see the end of the dollar in my lifetime. I always new the euro was going to fail, but was looking at the greenback with rose colored glasses.
    Reply | Permalink  
  • Posted by lizcottrill 12 years, 8 months ago
    Oh boy.... This makes me laugh for a second at how ridiculous it is. You're so right! We can't sustain ourself like this. Doesn't anyone in "power" understand???
    Reply | Permalink  
  • Posted by Solver 12 years, 8 months ago
    Applying this "ceiling" to a home, if I kept raising my ceiling like they raise theirs, it would be miles high.
    Just image the foundation needed to support that. Oops, time to raise it again...
    Reply | Permalink  

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