DEBT LIMIT - A GUIDE TO AMERICAN FEDERAL DEBT MADE EASY.

For those with short attention spans:
Total Household Debt:                          $140,000.00
Household Income:                                 $21,000.00
Household Spending:                              $38,200.00
New Debt:                                             $16,500.00
Amount Cut:                                                $385.00

Translated to the Federal Government:

Total Federal Debt:             $14,000,000,000,000.00
Federal Income:                    $2,100,000,000,000.00
Federal Spending:                 $3,820,000,000,000.00
New Debt:                            $1,650,000,000,000.00
Amount Cut:                              $38,500,000,000.00

Either way you look at it, it's only about 1% of the budget.  Let's keep in mind this video was made about a year ago with the original budget deal.  The new budget deal calls for "800 Billion" in cuts... [over 10 years], or about 80 Billion a year.  Pretty much all the other numbers are about the same, except the income has increased to around 2.3 Trillion a year.  The new "cuts" will amount to only around 2% or about double the original budget deal a year ago.

If the new numbers were put into the video the amount the guy had "cut" from his budget would be around $800.00 a year, instead of $385.00 a year.  Either way we're talking about tiny, insignificant "cuts" that only perpetuate the incredible levels of spending.

How Much Euro Membership Has Cost Ireland In Terms Of GDP

This is the problem with having a single currency.  You're not letting the Market set a value on what your economy is worth, and so your currency ends up being managed by a bunch of ministers in a far off land.  Instead of what's best for each individual country, they're concerned with what's best for the collective.
How many times after the fall of the Soviet Union do we need to prove that Collectivism doesn't work?
Broke: The Plan to Restore Our Trust, Truth and Treasure

15 Mayors Who Must Shred The Budget To Save Their Bankrupt Cities

Just as they bankrupted the Auto Companies, the Unions have now bankrupted the cities.
Broke: The Plan to Restore Our Trust, Truth and Treasure