National Debt Vs Household Debt : Simple Math

Read this and then believe the truth makes so much sense and so easy to understand.

This rather cleverly 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: $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: $3.85

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?

A. Raise the ceilings.
B. Pump out the crap?

Your choice is coming Nov. 2012

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