Saw this on a website today and it really drives the point home.

·Lesson # 1:
* U.S. Tax revenue: $ 2,470,000,000,000
* Fed budget: $ 3,620,000,000,000
* New debt: $ 1,150,000,000,000
* National debt: $ 16,271,000,000,000
* Recent budget cuts: $ 38,500,000,000

Let’s now remove 8 zeros and pretend it’s a household budget:
* Annual family income: $ 24,700.00
* Money the family spent: $ 36,200.00
* New debt on the credit card: $ 11,500.00
* Outstanding balance on the credit card: $ 161,710.00
* Total budget cuts so far: $ 38.50

Lesson # 2:
Here’s another way to look at the Federal Debt Ceiling:
Let’s say, You come home from work and find there has been a sewer backup in your neighbourhood…. and your home has sewage all the way up to your ceiling.
What do you think you should do ……Raise the ceiling, or remove the waste?

Comment:

Happy New Year to all ... and

Stay safe.

Good Luck to all!