Thursday, February 10, 2022

The Federal Spending and The Budget : How It Works or Doesn't!

No, it's not new math but even worse, it's government math. Crooks and corruption.

This cuts thru all the political double speak and puts it into a much better perspective. 
This is good!

* U.S. Tax revenue: $2,170,000,000,000

* Federal spending: $3,820,000,000,000

* New debt: $ 1,650,000,000,000

* National debt: $30,271,000,000,000

* 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: $192,710

* Total budget cuts so far: $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 November 2022. Make the right decision.
 

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