This rather brilliantly cuts thru all the political doublespeak we get...........

Food for thought..... This puts it into a much better perspective and is the same for many countries in Europe ...

Why the U.S. was downgraded:

* 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 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: $142,710
* Total budget cuts: $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 sh!t?

And while I'm at it.... what do you guys think of the USA cancelling the pipeline project to supply Canadian oil to the US refineries on the Gulf coast?.... I figure if our oil isn't needed/wanted "at home" we should just sell it to China.... I'm sure the USA won't mind buying all their oil from the Middle East....

Bob