Debt Ceiling for Dummies!

This puts things into a much better perspective as to the present economic situation in the United States....and probably the rest of the world too!

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

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 blockage in your neighbourhood and your home has crap all the way up to your ceilings.

What do you think you should do?

Raise the ceilings or remove the crap?