Here is a great lesson on U.S. finances.

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: $385
Got It ?????
OK now:

Lesson # 2:
Here's another way to look at the Debt Ceiling:
 
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 crap? Your choice is coming Nov. 2012





The above was provided by our friend Elizabeth. It certainly drives home a message that we are in deep weeds here. Our first reaction was to laugh but upon reflection tears would be more appropriate. Making the item even worse is the fact the debt is worse since this was first written.

PS We still have not figured out the cause of our losing any post with we tried to do which included photos. As soon as we get it all sorted out we will begin to use photos again.

Ciao.......Moe Lauzier