God Help Us

Perhaps you've already seen the example below, but I think it should be reviewed as it makes a profound statement about a few things:

First, government is really bad at economics. Really, really, really, really, really bad. Even the most irresponsible of us woud not, and probably could not, make such ridiculous financial decisions.

Second, the rest of us must be, in direct corelation to our own government, really really really really really stupid to keep allowing this to happen. Or worse yet, and probably more realistic, we're just apathetic. We don't give a crap anymore. We are becoming everything we should fear: A society dependent upon, and controlled by, a central power....one that's really bad at basic math. 

Third, even this little example doesn't really give an accurate picture. The government didn't really make any actual spending cuts, they simply just cut the rate of increase in spending. Imagine being this far in personal debt and the only financial decision you make is how much less you'll increase your credit card usage next year?

Enjoy!

Why The U.S. Credit Rating Was Downgraded:

• U.S. Annual 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

Remove 8 Zero's and add some perspective:

• 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.