Editor’s note: This came in my email today and I liked the comparison between the home budget versus the national budget. I don’t know anybody who would run their household budget the way our government runs the national budget. I think this applies across the aisle!
This rather brilliantly cuts thru all the political doublespeak we get. It puts it into a much better perspective.
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 so far: $3.85
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 pump out the crap?