These days, won't even buy a cup of coffee
Hekyll: "I guess we were all wrong about Obama. He really IS a fiscal conservative."
News reports show that Obama is really interested in cutting spending.
He's cutting $100 million! Isn't that a lot?"
Jekyll: "Well, Obama's Federal budget this year is supposed to be over $3.6 TRILLION."
Hekyll: "So? 100 million is a lot of cash."
Jekyll: "How much do you make in a year, Hekyll?"
Hekyll: "About $20,000."
Jekyll: "OK, let's say you plan on making $20,000. Let's also say you have debt of around $100,000 and you plan on SPENDING about $36,000. You with me now?"
Hekyll: "I owe $100K, I make $20,000, and I spend $36,000 in one year?!? I can't do that! I'll go bankrupt!"
Jekyll: "Well let's say someone does lend you the money. Now you and your wife need to figure out how you're going to get out of the hole. OK?"
Hekyll: (panicked) "OK, but I don't know how I would get out of that one."
Jekyll: "Well let's say that after months of trying, that you and your wife crunched all your expenses; all the stuff you guys buy, trying to cut your phone bill, food, car, insurance, movies, everything. You finally figured out how much money you can cut from your expenses for the year. The total you cut for the whole year in your precarious financial situation? $1."
Hekyll: "$1?!?!? What!??! That's ridiculous! That's an insult! $1 is not going make any difference whatsoever in my situation! I can't even buy a cup of coffee for that!"
Jekyll: "That $1 in your situation (spending $36K) is the EXACT same amount that Obama cut from the Federal budget: $100 million out of a budget that is $3,600,000 million!
$1 out of $36000... is the same % as
$100 mil out of $3,600,000 (what Obama is spending).
So do you think if you owed $100,000 on credit cards, and you made $20K, and you spend $36K, that saving $1 would make ANY DIFFERENCE?
Obama's budget deficit is going to be around $1.6 TRILLION this year ALONE! That's like we make $20,000 and spend $36,000. And yes, we owe about $10 TRILLION in debt already, just like you owe $100,000 in credit cards. Obama's cuts, which are just .002% of spending, is an insult? You bet it is. Come on, I'll buy you a cup of coffee. My treat."
