...BUT it's still there and beginning to loom large. It's not different than the last time, except the numbers are larger. Remember when it was illustrated so clearly in 2012?
*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
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 so far: $38.50
*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 shit?
Not much was done back then...any chance that will change this time around? Thankfully, two of my federal politicians (I don't talk to the lame-duck Johnson, since I ALWAYS know how he will vote, but mebbe Buzz can get him to do something sane for a change) have told me they will vote against the same old pattern that just raises the ceiling. Can you talk to your reps in D.C. and see if they will vote to start pumping?