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I wish I had said this:
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 ?????
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
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 remove the shit?
What do you think you should do ......
Raise the ceilings, or remove the shit?
ANON.
Jonathan....Who are you fooling? It surely reads like something you would say.
ReplyDeleteOh this fiscal cliff became such a disaster for many people. One thought about tax changes make my hands shake with anger, not to mention budget cuts. I really like the example here. It is very easy to understand the point. Thanx a lot for that. From one side I do understand why they chose to raise the ceiling, but from another side...I understand the entire influence on us, average people, and it makes me very disturbed! I am not ready apply for more instant online payday loans anytime soon, just because some people manage US Treasury so badly.
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