Friday, September 14, 2012

America's national budget and the debt problem as of 9/11/2012

Please watch this short illustration lesson.
This is a non-partisan video produced by an accountant, Hal Mason, retired
after 27 years with IBM. He looks at the budget, its revenues and expenses,
and very simply illustrates the problem. Amazingly, we get all the media
talking heads blathering and shouting for hours and never get clarity.
This guy does it in a couple minutes.

Click below to view the video.

http://www.youtube-nocookie.com/embed/EW5IdwltaAc?rel=0


A complicated situation can be explained in such simple terms!

THE DEBT CEILING

* Democrats don't understand THE DEBT CEILING
* Republicans don't understand THE DEBT CEILING
* Liberals don't understand THE DEBT CEILING
* NO ONE understands THE DEBT CEILING
* SO - Allow me to explain...

Let's say you come home from work and find there has been a sewer backup in your neighborhood.

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 s--t?


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