The Painful Truth of It

Some day, you'll appreciate this opportunity to quit filling your head with nonsense.

The “Fiscal Cliff” put in a much better perspective

Wile E. Coyote Fiscal Cliff cartoon

Lesson # 1

  • U.S. Tax Revenue:                 $2,170,000,000,000
  • Federal Budget:                     $3,820,000,000,000
  • New Debt:                             $1,650,000,000,000
  • National Debt:                     $16,271,000,000,000
  • Recent Budget cuts:                    $38,500,000,000

Let’s now remove 8 zeros and pretend it’s a household budge:

  • 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:   $162,710
  • Total budget cuts so far:                               $385

Lesson # 2

Here’s another way of looking at the Debt Ceiling:

Let’s say you come home from work and find there has been a sewer backup in your neighborhood, and your home has sewage all the way up to the ceiling. 

What should you do, raise the ceiling or remove the shit?

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Source:  URL http://bitsandpieces.us/2012/12/27/57231/

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This entry was posted on January 11, 2013 by .
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