Sent: Friday, October 15, 2021 5:01 AM
Subject: Great Analogy
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 – November 2022