dkh2
Well-Known Member
- Joined
- May 24, 2011
- Messages
- 551
- Points
- 18
"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 ?
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 ?