They will blame the evil GOP and call for the House to be returned to the Rats. They will ask Obama to save them. This the looking glass view.
This puts things into a much better perspective as to the present economic situation though the numbers are probably out of date and it took a person from Canada to do it !!!
Lesson # 1:
* U.S. Tax revenue: $ 2,170,000,000,000.00
* Fed budget: $ 3,820,000,000,000.00
* New debt: $ 1,650,000,000,000.00
* National debt: $ 14,271,000,000,000.00
* Recent budget cuts: $ $ 38,500,000,000.00
Let’s now remove 8 zeros and pretend it’s a household budget:
* Annual family income: $ 21,700.00
* Money the family spent: $ 38,200.00
* New debt on the credit card: $ 16,500.00
* Outstanding balance on the credit card: $ 142,710.00
* 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 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 remove the crap?
“They will blame the evil GOP and call for the House to be returned to the Rats. They will ask Obama to save them. This the looking glass view.”
I know you’re right. The media will support that view, and the morons will buy it without thought to who controls the EXECUTIVE branch and the Senate. Heck, most of the morons probably don’t know there is an executive branch.