“Fiscal Cliff” put in a much better perspective.

“Fiscal Cliff” put in a much better perspective.

 

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: $14,271,000,000,000
  • Recent Budget Cuts: $38,500,000,000

Let’s now 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: $142,700
  • Total Budget Cuts so Far: $38.50

Got it?… Ok now,

Lesson #2

Here’s another way to look at the Debt Ceiling:

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

What do you think you should do?

Raise the ceilings or remove the shit?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

E-mail snooktd@gmail.com Hours By Appointment Only
%d bloggers like this:
search previous next tag category expand menu location phone mail time cart zoom edit close