BRILLIANT ANALOGY ON USA DEBT LOAD
From: David M. Adam, Jr.
Subject: BRILLIANT ANALOGY ON USA DEBT LOAD
Obama added $ 10 TRILLION to our debt in 7 yrs.
This rather brilliantly cuts thru all the political double speak 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: $19,271,000,000,000
* 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: $192,710
* Total budget cuts so far: $385
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 in November.
DAVID M. ADAM, JR.
4435 N.PERSHING DRIVE #709 ARLINGTON,VIRGINIA 22203 USA
c/o ADD INTERNATIONAL,LLC.-PRES.& CEO in FINANCE and FUNDING
WASHINGTON,D.C.
TEL.# 1-703 2431999
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EMAIL addintlusa@comcast.net