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"Fiscal Cliff" put in a much better perspective.

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dkh2

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"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: $142,710

Got it ??..........OK now,

Lesson # 2:

Here's another way to look 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
your ceilings
What do you think you should do.....

Raise the ceilings or remove the shit ?
 

SmokesAhoy

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Hah, yeah we live in a house of cards don't we.
Well, grow your own consumables, pay off your car, house etc and maybe the house of cards won't fall on you? If things ever get that bad maybe I can trade a pound of tobacco for a few sacks of rice and beans: )
 

johnlee1933

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Seen it? They WROTE it.

Warren Buffet gave the answer in some interview. He said "Just pass a law that says Anyone sitting in either house of congress will be ineligible for re election if the federal budget is unbalanced at any time during their tenure." Pretty smart dude.

John
 

FmGrowit

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C'mon...you know I can't let this one go on...

so being "King Shit of Turd Mountain", I'll have the last say in this.


CLOSED (but not deleted ;))
 
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