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To: rovenstinez

saw this posted somewhere else today...seems to fit...unfortunately

The Debt Ceiling Explained:

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

Got It ?????


4 posted on 02/13/2012 6:54:49 PM PST by ldish (Looking forward to Independence Day)
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To: ldish

I’ve seen that explanation from Rick Santelli and Dave Ramsey.

Sadly NOTHING I’ve seen today on the MSM has been even slightly critical of Baraq’s disastrous budget.


7 posted on 02/13/2012 7:02:14 PM PST by nascarnation (DEFEAT BARAQ 2012 DEPORT BARAQ 2013)
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