Economy Simplified

*Why the U.S. 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: $16,500
• Outstanding balance on the credit card: $142,710
• Total budget cuts: $385

Simple isn't it?

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. 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 sewage?

Your choice is coming in November 2012.