This explanation seems to make it easier enough for even the "lesser paying attention' citizens in the country. I wonder if that would include folks like Roseanne Barr? Hmmmmm.......on second thought...... PART I
* 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
Now, remove 8 zeros and pretend it's your own houehold budget. Here we will put in a decimal point and two zeros to indicate cents (the previous sets of numbers were too numerous)
* 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:....$142,710.00
* Total budget cuts so far: ..................................$ 38.50
Got It ?????
GOOD.
And here is an even easier way to look at the National Debt Ceiling.
You just 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
___ pump out the crap out
Remember this when you go to the voting booth come November.
