Economics Lesson

[ScubaLatt]

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 the last 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 currently 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 ......
Raise the ceilings, or fix the cause of the backup and clean out the sewage?

Your choice is coming Nov. 2012.

[BassYakR]

Good analogy!

[LPfishnTIM]

great analogy!

[mailreg]

Awesome analogy but it should actually read $385 if you're putting the decimal after removing 8 0's.

[TNP]

you need help.......really.....OMG (Obama Must Gooo!!!!!!!!!!!!!!!)