Dear Suze Orman

Dear Suze,

I'm thinking about buying a vacation home.  Will you please let me know if you approve my purchase?

Here is my financial background:
- My income is $21,700 per year.
- I spend $38,200 per year.
- This past year I added  $16,500 to my credit card balance.
- My total outstanding balance from my credit cards are $142,710.
- I just did an annual spending cut exercise and I've eliminated $385 of spending per year.

Do you bless my purchase?

Sincerely,
Mr. Canned Goods

P.S. My good friend, the US Federal Govt, is in an identical situation.

- US Tax Revenue: $2.17 trillion.
- Budget: $3.82 trillion.
- New Debt: $1.65 trillion.
- Total Debt: $14.27 trillion (as of today, it's over $15 trillion).
- Recent Budget Cuts: $0.385 trillion.



Source: The Daily Sheeple