Wednesday, January 11, 2012

How bad is our debt problem? Watch and laugh (and cry)

Imagine a household budget composed of the following numbers:

Total Household Debt: $140,000
Household Income: $21,700
Household Spending: $38,200
Annual Household Deficit: $16,500
Amount of Spending Cut: $380

Doesn't work, does it? But just add a whole crap-load of zeroes to these figures, and you have the budget numbers for the United States of America. Taking away all of those zeroes really makes it all seem so painfully clear, does it not? For further perspective that tragically illustrates the impossibility of this situation, watch this humorous video of a man with this household budget going to his local bank to see about raising his debt limit:

Don't you feel for the poor kid? Mine are in the same boat. Oh, and keep in mind that this video is already out of date. That household debt is now over $150,000! Oh, you didn't know that our national debt has now topped $15,000,000,000,000?

"If a nation expects to be ignorant and free... it expects what never was, and never will be." -Thomas Jefferson

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