Why the US Credit Rating is Getting Worse

WHY THE U.S. WAS DOWNGRADED IN UNDERSTANDABLE LANGUAGE

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	$385

 Got It?

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 shit?

Thank you Artur G. for today's contribution.

You always were a great financial guy.