- Jan 7, 2007
- 907
- Boat Info
- 2006 52SB, Ray Marine E120, Garmin 7612 through BOE site sponsor,
- Engines
- QSM11s
L&G,
I received this a couple of weeks ago and provided a copy to all of our employees in hopes it would further stimulate them to become more interested and concerned about our current US financial condition. I can not say I have researched it to verify it’s accuracy but believe it to be a good representation of the challenges we and our children and grandchildren are headed for. I’m sure some of you have already seen it and I take no responsibility for its accuracy.
“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 crap?
Your choice is coming Nov. 2012.
SO MUCH TO UNDO“
I received this a couple of weeks ago and provided a copy to all of our employees in hopes it would further stimulate them to become more interested and concerned about our current US financial condition. I can not say I have researched it to verify it’s accuracy but believe it to be a good representation of the challenges we and our children and grandchildren are headed for. I’m sure some of you have already seen it and I take no responsibility for its accuracy.
“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 crap?
Your choice is coming Nov. 2012.
SO MUCH TO UNDO“