Tuesday, October 18, 2011

The CURRENT state of the U.S. Debt, and, Why the U.S. was downgraded

The CURRENT state of the U.S. Debt and why the U.S. was downgraded...

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 cut:…….$38,500,000,000

To make it clearer, let's 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.

Does this clarify it ? THIS is why the U.S. credit rating was downgraded.

(thanks to jtBraine on the DailyPaul.com)

“Believe on the Lord Jesus Christ, and thou shalt be saved” Acts 16:31, while there is still time!

So There You Have it!

Spread this message to everyone you know, far and wide. The time is short

Grace be to you and peace, from God: our Father, and The LORD Jesus Christ.

In The LORD Jesus Christ,
The Lion and Lamb Ministry

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