BASIC ECONOMICS 101

BASIC  ECONOMICS  101

 

This rather brilliantly cuts thru all the political double speak we get.
It puts it into a much better perspective…..

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: $19,271,000,000,000
* 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 in November.