Simple LTE on Economic Mess

[zeitgeist]

This ran in the local fish wrap a few days ago.  I thought it to be interesting and straight forward.

August 21, 2012 2:00 AM
 
Aug. 15 — To the Editor:

I came across the federal budget, revenue, national debt, annual new debt and recent budget cuts. Amazingly, if you take $00,000,000 off each line item you come up with the approximate numbers for an annual household budget. The numbers are as follows:

 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 cuts: $38,500,000,000


Let's now remove eight 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: $385


I hope people check my numbers to see whether they are correct, because if they are, we are in big trouble as a nation.

David Forman

Portsmouth

[rich_t]

Sounds about right.

[NHSparky]

The Herald actually PRINTED this?

[zeitgeist]

The Herald actually PRINTED this?

Scarry, no?  There have been a couple more common sense letters but they are the exception rather than the rule as you know.

May I suggest you read the comments on this one:

http://www.seacoastonline.com/articles/20120821-OPINION-208210394

There is some hope.  Check this on too.

http://www.seacoastonline.com/articles/20120823-OPINION-208230379

I believe you get ten free spins if you are not a subscriber or just clear cookies?