A Better Perspective To the Present Economic Situation

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:                                  $     38.50

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 ceiling, or remove the crap?