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National Debt Explanation (simple math)

Discussion in 'Off Topic Threads' started by grnberetcj, Oct 25, 2012.

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  1. grnberetcj

    grnberetcj Active Member

    Joined:
    Jan 29, 1998
    Messages:
    5,680
    Here's an explanation that even some of our math challenged shooter's can (or should) understand...


    BRILLIANTLY EXPLAINED.

    This rather brilliantly cuts thru all the political doublespeak we get. It puts it into a much better perspective.

    Lesson # 1:

    * 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 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 pump out the shit?

    Your choice is coming in 2 weeks...
     
  2. RickN

    RickN Well-Known Member

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    Location:
    Minnysoda
    Excellent
     
  3. Bill61

    Bill61 Member

    Joined:
    Jun 2, 2009
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    Oh, but some of our friends would say it smells like roses!
    Bill61
     
  4. cubancigar2000

    cubancigar2000 Well-Known Member

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    Location:
    Idaho
    very good Curt
     
  5. otnot

    otnot Active Member

    Joined:
    Jan 29, 1998
    Messages:
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    One small correction. Our national debt is now 16,200,000,000.
     
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