LET'S PUT THE DEBT DEAL IN PROPER PERSPECTIVE !

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The Debt Deal In Perspective


To put the debt limit debate / debt deal of the last few weeks in perspective…


2011 Federal Budget Deal

Federal Budget $3,820,000,000,000 (3.82 Trillion)

Income: $2,170,000,000,000 (2.17 Trillion)

New Debt: $1,650,000,000,000 (1.65 Trillion)

Amount Cut: $8,500,000,000 (38.5 Billion) – about 1% of the total budget.

Harry Reid is calling this a “historic amount“.

President Obama said it is a “historic deal”.

John Boehner simply said, “We’ve come to an agreement”.

Let’s put this in perspective.

It helps if we put the numbers in terms to which we can more easily relate.

Let’s remove NINE zeroes from those numbers and
pretend this is a monthly household budget
for the fictitious Jones family.

Amount of money the Jones family spent this month: $3,820

Total income for the Jones family this month: $2,170

Amount of new debt added to the Jones family credit card this month: $1,650

Outstanding balance on the Jones family credit card: $14,271
(represents our national debt of $14.271 Trillion).

So last week,
the Jones family sat down at the kitchen table
and agreed to cut $38 from their monthly budget.

A TRULY HISTORIC AMOUNT!!!!!!!!!

WOULDN'T YOU AGREE!!!!!!!!



- Robert Morgan