The power of III

Summum ius summa iniuria--More law, less justice

31 August 2011

Our debt crisis explained so simply that even a Congressman can understand.

This was posted as a comment below a post on  It sums up in a few lines what no MSM journalist can ever seem to spell out in a 10 minute report. 

Simply stated, and therefore brilliant:

The below states the U.S.A. financial position succinctly:

U.S. Tax revenue: $2,170,000,000,000
Federal budget: $3,820,000,000,000
New debt: $1,650,000,000,000
National debt: $14,271,000,000,000
Recent budget cut: $38,500,000,000

Now just remove eight zeros and pretend it is 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: $385

Do you understand why I like to say that knowledge of economics should drive your politics?

With that income, how do you even pay the interest on the debt?  You can't.

Time to cut the fedgov down a few pegs, wouldn't ya say?

1 comment:

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