{"id":8771,"date":"2012-08-07T09:46:47","date_gmt":"2012-08-07T14:46:47","guid":{"rendered":"http:\/\/www.kevinbryant.com\/?p=8771"},"modified":"2012-08-07T09:50:16","modified_gmt":"2012-08-07T14:50:16","slug":"debt-2","status":"publish","type":"post","link":"https:\/\/www.kevinbryant.com\/kbarchive\/debt-2\/","title":{"rendered":"debt"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/www.kevinbryant.com\/kbarchive\/wp-content\/uploads\/2012\/08\/20120807-104626.jpg\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.kevinbryant.com\/kbarchive\/wp-content\/uploads\/2012\/08\/20120807-104626.jpg\" alt=\"20120807-104626.jpg\" class=\"alignnone size-full\" \/><\/a><br \/>\n* U.S. Tax revenue: $2,170,000,000,000<br \/>\n* Fed budget: $3,820,000,000,000<br \/>\n* New debt: $ 1,650,000,000,000<br \/>\n* National debt: $14,271,000,000,000<br \/>\n* Recent budget cuts: $ 38,500,000,000<\/p>\n<p>Let&#8217;s now remove 8 zeros and pretend it&#8217;s a household budget:<\/p>\n<p>* Annual family income: $21,700<br \/>\n* Money the family spent: $38,200<br \/>\n* New debt on the credit card: $16,500<br \/>\n* Outstanding balance on the credit card: $142,710<br \/>\n* Total budget cuts so far: $38.50<\/p>\n<p>Got It ?????<\/p>\n<p>OK now Lesson # 2: Here&#8217;s another way to look at the Debt Ceiling:<\/p>\n<p>Let&#8217;s say, You come home from work and find there has been a sewer backup in your neighborhood&#8230;.and your home has sewage all the way up to your ceilings.<\/p>\n<p>What do you think you should do &#8230;&#8230;<\/p>\n<p>Raise the ceilings, or pump out the sewage?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>* 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&#8217;s now remove 8 zeros and pretend it&#8217;s a household budget: * Annual family income: $21,700 * Money the family spent: $38,200 * New debt on the credit card: $16,500 * [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":{"0":"post-8771","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-uncategorized","7":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2gEQ0-2ht","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/posts\/8771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/comments?post=8771"}],"version-history":[{"count":3,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/posts\/8771\/revisions"}],"predecessor-version":[{"id":8774,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/posts\/8771\/revisions\/8774"}],"wp:attachment":[{"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/media?parent=8771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/categories?post=8771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/tags?post=8771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}