An easy way to teach the people about the debt ceiling deal

[amberjack]

Amber Jack, your numbers include federal, state and local government. The OP's were originally just federal spending. That's not to say that your numbers are not equally important, but they are two different(but related) things.

good catch.. looks like the original numbers are good then.. we're totally screwed

 

[TheNcredibleEgg]

Change it back pls.

What started out as a nice easy explanation has turn into a convoluted explanation.

Your originals numbers were the easy explanation. Those new numbers are messy.

 

[Icymudpuppy]

Change it back pls.

What started out as a nice easy explanation has turn into a convoluted explanation.

Your originals numbers were the easy explanation. Those new numbers are messy.

Done.

 

[Article V]

Debt Ceiling for Dummies

Thanks.

 

[ItsTime]

well clearly this means you need to rob your rich neighbor to pay your bills.

 

[european]

gave this thread 5 stars *****

 

[Kludge]

Saw OP content floating around on the Web.

Some stats about the US government:

• 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, remove 8 zeroes 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