Federal Deficit Explained

Another bit of wisdom sent by one of my friends.

Lesson #1
Why the U.S. was downgraded:
• U.S. Tax revenue:

• Fed budget:

• New debt: $

• National debt:

• Recent budget cuts: 

 Let’s now remove 8 zeros and pretend it’s a household
• Annual family income:

• Money the family

• New debt on the credit

• Outstanding balance on
  the credit card:

• Total budget cuts:

Got it?

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

What do you think you should do?

  • Raise the Ceilings, or
  • Pump out the sewage

Your Choice is coming

  November 2012

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