Conservative Daily News - The best news, analysis and opinion articles written by a collection of citizen journalists. Covering a range of important topics in blogs, op-ed, and news posts, these upstanding patriots are bringing back American exceptionalism with every entry..

Understanding The Debt Crisis, But Simplified

I am 60 years old, but I remember when I was a kid we all dreamed of becoming millionaires. Back then a millionaire was the ultimate goal even though we had no concept of what a million dollars actually was. I remember sitting with a bunch of my friends describing to each other what we would do if we had a million dollars to spend.

Now a million dollars seems like nothing, all I hear being tossed around are billions, trillions, gazillions and who knows what is coming next. The majority of people like myself, have no grasp of these type of numbers, so when we hear politicians talk about the deficit and the countries debt problem, many people just do not grasp the severity of the situation. We as a country are headed for a disaster if we do not stop all this out of control spending. I do not understand the people of this country, our future is staring us in the face, but we ignore what the future holds for us. We choose to close our eyes to what is going on in Greece, France, Italy and Spain, not to mention the rest of Europe. We watch all the time on T.V. rioting in the streets, unemployment as high as 25% and we feel safe living in America, thinking that will never happen here. Well 10 years ago, those countries never thought it would happen to them either. Well, now look at them.

This is one of the best explanations of this country’s economic condition made simple.

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: $15,271,000,000,000

* 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: $152,710

* 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 November 2012

I’m for pumping out the crap…

This is one man’s opinion.

Conservative Daily News allows a great deal of latitude in the topics contributors choose and their approaches to the content. This is due to our approach that citizens have a voice, not only the mass media. Readers will likely not agree with every contributor or every post, but find reasons to think about the topic and respond with comments. We value differing opinions as well as those that agree. Opinions of contributors are their own and do not necessarily reflect those of CDN, Anomalous Media or staff. Click here if you'd like to write for CDN.
Put This Story in your Circles and Share with your Friends

Tags: , , ,

Comments (1)

Trackback URL | Comments RSS Feed

  1. Jerry Peters says:

    It is a scary situation, but honestly, no one seems to care.