This example rather brilliantly cuts through all the political doublespeak we get.  It puts it into much better prospective.

Lesson 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

Now – let’s remove eight zeros and pretend it’s a household budget:

•    Annual Family Income:  $21,700
•    Money the Family Spent:  $38,200
•    New Debt on Credit Cards:  $16,500
•    Outstanding Balance on Credit Cards:  $142,710
•    Total Budget Cuts so Far:  $38.50

Okay, 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 sewage?

Dan’s Note: If you think the answer is pumping out the sewage, then you disagree with all those politicians who just love little programs like rent control (i.e. tenant welfare)!

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