December 27, 2011
Tuesday AM

Editor, Sitnews,

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!!

Lesson #1

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 sewage

A.M. Johnson
Ketchikan, AK

Representations of fact and opinions are solely those of the author.
The opinions of the author do not represent the opinions of Sitnews.