* 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 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: $142,710
* Total budget cuts so far: $38.50

Got It ?????

OK now Lesson # 2: Here’s another way to look at the Debt Ceiling:

Let’s say, 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 sewage?

By GREG RYBERG – Aiken

President Obama recently said that the hard-working, risk-taking and self-sacrificing entrepreneur is not responsible for their own success but that they owe their success to the government. Aside from being insulting, it actually is exactly opposite of the truth.
The hard-working, risk-taking and self-sacrificing entrepreneur is responsible not only for their own success, but also anything and everything that the government manages to do right, which often is not much. The subsidies that Barack Obama received to attend college and law school came from some entrepreneur who either paid their business taxes or employed someone who paid their income taxes or simply donated to the school so people like Obama could go for free.
When Barack Obama taught law school, entrepreneurs paid for his office and computer and salary and benefits. They now pay his salary as president of the United States.
Barack Obama truly would be nothing without the entrepreneurs who have paid his way from the cradle up to now. I don’t expect him to thank them, but at least he should stop insulting them.
Greg Ryberg
Aiken