Let’s take a different look at the “Fiscal Cliff” Estimates of : US tax revenue: $2,600,000,000,000 Fed 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 Now, let’s remove eight zero’s and pretend it’s a household budget. Annual family income: $26,000 Money the family spent: $38,200 New credit card debt: $16,500 Outstanding balance on credit card: $162,710 Total Budget cuts so far: $38.50 Makes sense so far? Now, look at the debt ceiling like this, You come home from work to discover there’s been a sewer back up in your neighborhood, and your home has sewerage all the way up to your ceiling. What do you think you should do….. Raise the ceiling, or remove the poop?
Posted on: Tue, 15 Oct 2013 18:55:12 +0000
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