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

[Icymudpuppy]

1. Take the actual numbers from our government's spending.
2. remove the last 8 zero's and pretend the results are YOUR family budget.

• Total annual income: $21,700
• Amount of money spent: $38,200
• Amount of new debt to be added to the credit card: $16,500
• Maxed out balance on the credit card: $142,710
• Credit limit increased to $146,940
• Amount cut from the budget with recent "deal:" $385

Still heading toward bankruptcy.



Edited with corrected numbers based on feedback from amberjack. +rep him for extra homework.

Edited again at request of simplicity.

 

[Seraphim]

+ rep.

Good stuff.

 

[jazzyjey]

very helpful.

 

[rp4prez]

would this be "priceless" hmm

 

[roho76]

Nice, job. You should add in how the $385 is only cuts from what you were going to spend from future borrowing. Is this yours and can I post it to facebook?

 

[Jace]

..

 

[romacox]

1. Take the actual numbers from our government's spending.
2. remove the last 8 zero's and pretend the results are YOUR family budget.

• Total annual income: $21,700
• Amount of money spent: $38,200
• Amount of new debt added to the credit card: $16,500
• Outstanding balance on the credit card: $142,710
• Amount cut from the budget with recent "deal:" $385

Still heading toward bankruptcy.

This is awesome. KISS (the last S for stupid, is not referring to you of course)

 

[Mahkato]

What source did you use for the numbers, OP?

 

[dannno]

Is this yours and can I post it to facebook?

IMO, who cares and yes.

 

[dannno]

Awesome.

I'm going to send this to my Obama-loving parents.

Feel free to post their response

 

[Icymudpuppy]

Nice, job. You should add in how the $385 is only cuts from what you were going to spend from future borrowing. Is this yours and can I post it to facebook?

Too complicated; No it's not mine, got it from someone else's comment on Town Hall and reworded it a bit; Yes, put it on facebook.

What source did you use for the numbers, OP?

I don't know, it's not mine. But it's the best I could find.

IMO, who cares and yes.

What he said.

 

[bunklocoempire]

Bee-A-Utiful!

Using this on some hoodwinked Hobbits.

Thanks.

+the green thingy.

Bunkloco

 

[KingRobbStark]

Feel free to post their response

Posting their response is an imperative now.

 

[amberjack]

The only problem I see with it is that at least the first number is wrong. A simple google would destroy credibility:

Total government revenue for 2011 is at 4.5 trillion (4.459 - http://www.usgovernmentrevenue.com/). I'm not sure how they get $21,700

 

[amberjack]

from: http://www.usgovernmentrevenue.com/

04,459,000,000,000 - Total US Revenue (2011 est)
01,645,000,000,000 - Deficit (2011 est)
18,094,000,000,000 - Debt

chopping off 8 zeros is:

$44,590
$16,450 (61,040 spent)
$180,940

 

[amberjack]

ok.. after re-looking at the numbers,

the original poster's numbers.. his first number if roughly half because (I'm guessing) it assumes 1 individual in a 2 individual working family.. this is deceptive because the debt numbers are give for the entire family and not halved.

If you double the first number ($21700) then the math is roughly accurate

 

[Icymudpuppy]

from: http://www.usgovernmentrevenue.com/

04,459,000,000,000 - Total US Revenue (2011 est)
01,645,000,000,000 - Deficit (2011 est)
18,094,000,000,000 - Debt

chopping off 8 zeros is:

$44,590
$16,450 (61,040 spent)
$180,940

Thanks for doing additional research. I've edited my original post.

 

[Mahkato]

Formatted a bit differently:

1. Take the actual numbers from our government's spending. (2011 est.)
2. Drop the last 8 zeros and pretend the results are YOUR family budget.

Total annual income: $44,590
Actual money spent: $61,040 ($16,450 goes on the credit card)
New total balance on the credit card: $180,940
Amount cut from the budget with recent "deal": $385

 

[Mahkato]

Someone should make this into an infographic. Remember to put some citations at the bottom of it.

 

[Cutlerzzz]

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.