THE FISCAL CLIFF Put Into Prospective............. Lesson #1 & on Lesson #2 Please Comment Answer! Lesson #1 * US Tax Revenue: $2,200,000,000,000.00 (2 Trillion 200 Billion Dollars) *Fed Budget: $3,900,000,000,000.00 (3 Trillion, 9 Hundred Billion)- (Last Budget Passed under the Senate 2008 under Bush! Under Obamas 2 Terms his Senate did not pass 0 to 100) (The House has Passed a Budget each year) * NEW Debt: $1,700,000,000,000.00 (1 Trillion 7 Hundred Billion) * National Debt: As of 10/19/13 Rounded Off NOW $17,000,000,000,000.00 (17 Trillion) * Recent Budget Cuts: $38,500,000,000.00 Under Sequestrations Lets Now Remove 8 ZEROS! * Annual Family Income- $22,000.00 * Family Yearly Spending-$39,000.00 * New Family Debt on their Credit Card: $17,000.00 * Total Outstanding Balance on the Familys Credit Card: $170,000.00 * Total Family Budget Cuts so far: $38.50 GOT IT???? OK now......... Lesson #2: Lets Put this into another way to look at the Debt Ceiling the Government keeps increasing: Lets Say, You come home from work one day 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? (whats your answer?)
Posted on: Sat, 19 Oct 2013 22:04:02 +0000
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