The Economy in Simple Terms

Hello All, I know you have seen this in various forms but I just did not want you to forget it.

Really puts things into perspective.

BRILLIANTLY EXPLAINED.

This rather brilliantly cuts thru all the political doublespeak 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: $14,271,000,000,000

* 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: $142,710
* Total budget cuts so far: $38.50 (That’s thirty eight dollars and fifty cents)

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 shit?

Your choice is coming Nov. 2012.

.

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Published in: on August 17, 2012 at 10:34 pm  Leave a Comment  
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