Moral Outrage
Whew! God help us!

And we wonder why US credit was downgraded

The numbers leading S&P to downgrade U.S. Credit:

• U.S. Tax revenue:___$2,170,000,000,000
• Federal 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 this is 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

And we wonder why U.S. credit was downgraded!

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