My next-to-the-littlest brother sent this excellent example of what budgeting, Federal and personal means, and the reality of raising the debt limit – it’s all about the zeroes. The following example is a bit out of date, as our Federal Debt has hit $17+TRILLION, but it doesn’t affect the impact of the example – just makes it worse. The video below is another hilarious but sobering example of the insanity of the Obama Administration spending the country into hell. The video follows the example below but has a surprise ending. Enjoy.
* 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?
Take a look at this excellent of what $15 TRILLION means. This isn’t just the stack of $100 dollars bills you may have seen to demonstrate Trillions – it goes far beyond.
Raising My Debt Limit – a Guide to American Federal Debt Made Easy (video)