...for your friends that still can't understand what all the fuss is about...!
IN SIMPLEST TERMS: WHY THE US 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 cut: $ 38,500,000,000
Let's 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
(sources unknown)
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To all of us ECU frogs...
Starting to get a little hot in this pressure cooker isn't it?
lotus petals,
gildage
