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RKP5637

(67,030 posts)
Mon Sep 10, 2012, 06:49 PM Sep 2012

This is making the rounds again, vote 2012, debt ceiling/family budget

This is making the email rounds again.

More: http://clipper220.proboards.com/index.cgi?board=5&action=display&thread=6291

the debt ceiling issue explained in simple terms

CAN NOT BE BETTER EXPLAINED.

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: $15,271,000,000,000
* 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: $152,710
* 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?

Your choice is coming Nov. 2012
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This is making the rounds again, vote 2012, debt ceiling/family budget (Original Post) RKP5637 Sep 2012 OP
Better find a higher income. Qutzupalotl Sep 2012 #1

Qutzupalotl

(14,230 posts)
1. Better find a higher income.
Mon Sep 10, 2012, 06:59 PM
Sep 2012

I wonder where we should look...

Seriously, the income will improve when more people find work. If the Bush tax cuts expire, all the better. That's half the spending, almost.

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