Jim’s Mailbox

[MB_722]

Dear Jim,

Here is why S&P downgraded the US credit rating.

• 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

Now 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

Regards,
CIGA Lew

http://www.jsmineset.com/2011/09/04/jims-mailbox-770/

[240 is Back]

BWAAFCKINGHAHAHAHA

• Outstanding balance on the credit card: $142,710

• Total budget cuts: $385

[Skip8282]

sobering perspective

[Fury]

BWAAFCKINGHAHAHAHA

• Outstanding balance on the credit card: $142,710

• Total budget cuts: $385

180: "The US needs to raise the debt ceiling. Ron Paul doesn't know what he's talking about when he says we should default."

BWAAFCKINGHAHAHAHA