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UNDERSTANDABLE MATH REVEALS CRISIS
______
HON. JOE WILSON
of south carolina
in the house of representatives
Tuesday, October 12, 2021
Mr. WILSON of South Carolina. Madam Speaker, I was grateful to receive from the appreciated historian Greg Shorey of Hilton Head Island, South Carolina, the following message . . .
TO: SERIOUSLY CONCERNED PATRIOTS--IT IS IMPORTANT we all understand how this proposed Budget Bill could seriously affect us! The details destroy our freedoms & brings our uncontrolled debt to $30 TRILLION!
As with MOST in Congress, most voters won't take time to comprehend the devastating affects this $3.5 TRILLION--2500 page budget bill the socialist Democrats are trying to shove down our throats! This is an excellent way to understand the math affects--BUT the greater DISASTER will be the death of our free enterprise system & our Constitutional Republic!
This cuts through all the political doublespeak we get. Politicians
`new math.'
It puts it into a much better perspective.
Lesson No. 1:
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: $19,271,000,000,000
Recent budget cuts: $38,500,000,000
Let's now remove 8 zeros and pretend it's OUR household budget:
Annual family income: $21,700
Money the family spent: $38,000
New debt on the credit card: $16,500
Outstanding balance on the credit card: $192,710
Total budget cuts so far: $385
Got it??
Lesson No. 2:
Here's another way to look at the Debt Ceiling:
Let's say, you come home from work and find there has been a sewer backup in your neighborhood . . . and you home has sewage all the way up to your ceilings. What do you think you should do? Raise the ceilings, or pump out the sewage?
In conclusion, God Bless our troops, who successfully protected America for 20 years, as the Global War on Terrorism continues moving from Afghanistan to our neighborhoods.
____________________
SOURCE: Congressional Record Vol. 167, No. 179
The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.
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