28 votes

Kinfolk in New England- getting a clue-sent me this email

Lesson # 1:

* U.S. Tax revenue: $ 2,170,000,000,000.00
* Fed budget: $ 3,820,000,000,000.00
* New debt: $ 1,650,000,000,000.00
* National debt: $ 16,271,000,000,000.00
* Recent budget cuts: $ 38,500,000,000.00

Let's now remove 8 zeros and pretend it's a household budget:

* Annual family income: $ 21,700.00
* Money the family spent: $ 38,200.00
* New debt on the credit card: $ 16,500.00
* Outstanding balance on the credit card: $ 162,710.00
* Total budget cuts so far: $ 38.50

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 remove the shit?



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Too bad that under the 14th

Too bad that under the 14th Amendment, Section 4, US citizens can't question the debt. I don't know what this post is doing here. ;-)

~ Engage in the war of attrition: http://pacalliance.us/redamendment/

Exactly to your point

DEBT LIMIT - A GUIDE TO AMERICAN FEDERAL DEBT MADE EASY.

http://youtu.be/Li0no7O9zmE

Error

Not trying to minimize the point of the post but $38.50 should be changed to $385.

huck

it jsut so happens

that i own a ceiling raising and shit floating furniture business, so it'll create "jobs" if we just let the shit rise. im also hiring but i only pay in standard white printer paper feel free to draw your own money on it.

the human brain just cant comprehend numbers with that many zeroes just like we can really comprehend the size of the universe. chopping those zeros off makes it really apparent gj.

meow

Need to add

Need to add that the family has a friend who is a counterfeiter, so they can get all the cash they need to pay their debts.

So it doesn't really matter.

Alan Greenspan

His famous comments that we can pay any debt we have by printing money

https://www.youtube.com/watch?v=q6vi528gseA

Raise the ceilings, or remove the shit?

Haha, awesome analogy :)

As a US citizen...

"The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned."

~ 14th Amendment, Section 4.

Suck it up, and shut up!

... or stop being a 14th Amendment federal citizen.

Still, laughable nonetheless.

~ Engage in the war of attrition: http://pacalliance.us/redamendment/

Smiling..

Smiling..

Very good commentary.

Thanks for posting.

I know, I know...

The answer to #2 is:

Blame Ted Cruz and the Tea Party (cough... racists... cough) for stopping up the toilet.

Yes, I've noticed that the

Yes, I've noticed that the latest meme circulating among the sort who read The Daily Kos on a regular basis is that anybody who wants to balance the budget is racist.