CONFUSED ABOUT THE NATIONAL DEBT CRISIS?

COMPARE THE FEDERAL BUDGET AND A FAMILY BUDGET IN EVERYDAY LANGUAGE!

FEDERAL BUDGET IN POLITICAL SPEAK DOLLARS FROM WASHINGTON:

U.S. TAX REVENUE: $2,170,000,000,000

FEDERAL SPENDING: $3,820,000,000,000

NEW FEDERAL DEBT: $1,650,000,000,000

PRESENT NATIONAL DEBT: $14,271,000,000,000

BUDGET CUTS SO FAR: $ 38,500,000,000

WITHOUT A BALANCED BUDGET, THE GOVT HAS TO BORROW MONEY TO PAY ITS’ BILLS. CONGRESS HAS NOT PASSED A BUDGET IN FOUR YEARS AND WE HAVE REACHED THE LIMIT SET BY CONGRESS FOR BORROWING BY THE FEDERAL GOVERNMENT. BY LAW, ONLY CONGRESS CAN RAISE THE DEBT LIMIT EVERYONE IN CONGRESS KNOWS WE CANNOT GO ON BORROWING MORE MONEY EACH YEAR, BUT NO ONE WANTS THEIR FAVORITE AREA TO BE THE ONE CUT. WE ARE BEING ASKED TO RAISE THE DEBT LIMIT AND PUT OFF BALANCING THE BUDGET ONCE AGAIN. EACH CITIZEN’S SHARE OF THE NATIONAL DEBT IS NOW ABOUT $50,570 AND GROWING DAILY. OUR GRANDCHILDREN WILL INHERIT OUR DEBT.

WHAT IS YOUR SOLUTION?

DO YOUR REPRESENTATIVES AGREE AND WILL THEY DO SOMETHING ABOUT IT?

D0 YOU KNOW WHO YOUR REPRESENTATIVES ARE?

 

FAMILY BUDGET IN REAL SPEAK EVERYDAY DOLLARS:

TO PUT THE FEDERAL BUDGET IN PERSPECTIVE, JUST REMOVE 8 ZEROS FROM THE FEDERAL FIGURES AND PRETEND IT IS A HOUSEHOLD BUDGET:

ANNUAL FAMILY INCOME: $ 21,700.00

FAMILY SPENT: $ 38,200.00

NEW DEBT ON CREDIT CARD: $ 16,500.00

TOTAL BALANCE ON CREDIT CARD: $142,710.00

BUDGET CUTS SO FAR: $ 38.50

FAMILY HAS REACHED CREDIT LIMIT AND CANNOT CHARGE MORE WITHOUT RAISING CREDIT LIMIT. ONLY THE BANK CAN RAISE CREDIT LIMIT. CREDIT LIMIT IS DETERMINED ACCORDING TO THE BORROWER’S ABILITY TO REPAY THE LOAN. WHAT IS FAMILY TO DO?

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