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October 17th, 2011

Why S&P downgraded the US credit rating

Here is why S&P downgraded the US credit rating.

• 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: $14,271,000,000,000
• Recent budget cut: $ 38,500,000,000

Now let’s remove 8 zeros and pretend it’s a household budget.

• Annual family income: $21,700
• Money the family spent: $38,200
• New debt on the credit card: $16,500
• Outstanding balance on the credit card: $142,710
• Total budget cuts: $385

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Music and writing and me in USA Today


Imagine my surprise to find myself in USA Today online ... sadly not on their bestselling books page, if they have one ...

http://books.usatoday.com/happyeverafter/post/2011-10-16/more-about-authors-writing-and-music/554102/1

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