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Subject: EZ Way to understand national debt


Author:
adc
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Date Posted: 08:18:21 08/14/12 Tue

U.S. Tax revenue: Remove 8 zeros and pretend it's your 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
The Debt Ceiling:Let's say, You 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 do?Raise the ceilings, or pump out the crap?

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Re: EZ Way to understand national debtCrap?21:54:39 08/14/12 Tue


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