Congress Debt “Solution” exlpained

Understanding Congress’s solution to the federal deficit problem.

I think the easiest way is to divide everything by 100,000,000 (10^8).

Amplify’d from blogs.law.harvard.edu

We have a family that is spending $38,200 per year. The family’s income is $21,700 per year. The family adds $16,500 in credit card debt every year in order to pay its bills. After a long and difficult debate among family members, keeping in mind that it was not going to be possible to borrow $16,500 every year forever, the parents and children agreed that a $380/year premium cable subscription could be terminated. So now the family will have to borrow only $16,120 per year.

Read more at blogs.law.harvard.edu

 

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About stephenbishop

Just an ordinary guy trying to make it in this crazy world.
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