Obviously simplifying the federal budget down to household terms doesn’t make a lot of sense since both have very different needs, however one common need between the two is to create a fiscally responsible budget. I found this sign posted and even though it simplifies things down to numbers that are far easier to read, I am posting this without any seriousness, and purely as it made me laugh.
- U.S. Tax revenue: $2,170,000,000,000
- Federal 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 (very important word here as this is only pretending) it’s a household budget:
- Annual family income: $21,700
- Money the family spent: $38,200
- New debt on the credit cart: $16,500
- Outstanding balance on the credit card: $142,710
- Total budget cuts so far: $38.50
Got it so far??….Ok now,
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 neighbourhood…
and your home has sewage all the way up to your ceilings.
What Should You Do? Raise the Ceilings, or Remove the Crap!