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article imageOp-Ed: The debt ceiling from a scientist's point of view

By W. Mark Dendy     Oct 16, 2013 in Politics
Washington - Scientists work with numbers a lot. Counting, weighing, percentages, etc.
And as a scientist, I would say for the most part, we are good with numbers.
Our country is in a huge hole debt-wise, and someone in Washington needs to lead the effort by throwing the shovel away and begin climbing up and out.
As of this morning, the United States national debt is over $16,933,922,000,000. Fast approaching $17 trillion.
So I wanted to demonstrate what is happening in this country due to uncontrolled spending by our government using a scientist’s ability with numbers and drawing a parallel to a household budget.
Here are the current numbers, rounded off, of our Federal government's fiscal matters.
U.S.Tax revenue: $ 2,735,000,000,000.00
Fed budget: $ 3,517,000,000,000.00
New debt: $ 782,000,000,000.00
National debt: $16,963,000,000,000.00
Discretionary budget cuts for 2014: $ 16,216,000,000.00
Now move the decimal for each of the figures 8 places to the left and pretend it's a household budget:
Annual family income: $ 27,350.00
Money the family spent: $ 35,175.00
New debt on the credit card: $ 7,820.00
Outstanding balance on the credit card: $169,630.00
Total budget cuts so far: $ 1,625.00
Understand where this is going ?
If you don’t get it, then here is a great illustration for you regarding the debt ceiling:
You get home from work today and find there has been a sewer backup in your neighborhood. This has your home filled with sewage all the way up to your ceilings.
What do you think you should do?
Raise the ceiling, or pump out the crap?
This opinion article was written by an independent writer. The opinions and views expressed herein are those of the author and are not necessarily intended to reflect those of DigitalJournal.com
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