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Would You Raise the Ceiling?
Someone figured it out:
Why the U.S. credit rating was downgraded:
- 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 THIS YEAR: $16,500
- Outstanding balance on the credit card: $142,710
- Total budget cuts: $385
OK now Lesson # 2: Here's another way to look at the Debt Ceiling:
You come home from work and find there has been a sewer backup in your neighborhood...and your home has sewage up to your ceiling.
What do you think you should do ......
Raise the ceiling, or pump out the cr*p?
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