By A. M. Johnson
December 27, 2011
In the interest of sharing how the National debt sizes up with our personal house hold budget, the following is submitted for public consumption.
It has been sent to our Alaska Congressional Delegation in an act of desperation knowing a box of hammers has a better chance of understanding the content than they. With an Congressional approval rating of a single digit, sending this it is an act of frustration!
Understand one thing, the "Cuts" depicted are NOT CUTS, only reductions in the anticipated INCREASES to the next budget cycle!!
Why the U.S. was downgraded:
U..S. Tax revenue: $2,170,000,000,000
Let's now remove 8 zeros and pretend it's a household budget:
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
About: " Concerned Grandfather/Great Grandfather worried for his kin's future"
Received December 23, 2011 - Published December 27, 2011
Viewpoints - Opinion Letters:
Representations of fact and opinions are solely those of the author.
Your full name, city and state are required for letter publication.