[TCRA] everyone gets it.

K9YLI at aol.com K9YLI at aol.com
Thu Dec 8 09:11:58 CST 2011





If anyone is having  trouble understanding your national debt,then  these 
two lessons will bring you up to  speed!!!!!!!!!!!!!

Why the  U.S. was downgraded:

• 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  

What do you think you should  do?

    1.  Raise the  Ceilings, or  
    2.  Pump out the  sewage

Your Choice  is coming November  2012

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