Lesson No. 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 7 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: $3,850


OK. Now for...

Lesson No. 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 neighbourhood and your home has sewage all the way up to your ceilings.

What do you think you should do, raise the ceilings, or .........

Very good.

I wonder how long it will take for us to figure out that it only took about 2,000 people to give us all this. Imagine a civil war where only 2,000 targets exist.

Quote from: Gizmotron on January 08, 2013, 12:17:26 AM
Very good.

I wonder how long it will take for us to figure out that it only took about 2,000 people to give us all this. Imagine a civil war where only 2,000 targets exist.

...it took 2000 years to make such progress in debt, after 2000 years more the same debt level will has astronomical values! 

Nicely put Esoito.

That is really well written.


Now, taking it a step further, with USA dollars (being FIAT dollars) worth only an amount equal to the paper they are printed on, have you considered who is holding the debt and what the game really is?