“Fiscal Cliff” in the Obama Perspective

“Fiscal Cliff”  in Perspective

 

Lesson # 1:

Here are the Actual National Budget Office figures as they stand today:

• U.S. Tax revenue:       $2,170,000,000,000
• Fed 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:

                                                                                                % of Base

• Annual family Base Income:                  $21,700.00          100.00%
• Money the family spent:                          $38,200.00          176.00%+
• New debt on the credit card:                    $16,500.00           76.00%+
• Outstanding balance on the credit card:   $142,710.00          673.00%+
• Total budget cuts so far:                                   $38.50             .0017%-

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 ceiling.

What do you think you should do ...
Raise the ceiling or remove the sh*t?

OR, do we just shoot ourselves in the foot again?...

DUH... Stupid is as stupid does!

Comments

[cuztc]

Ooooh MAN! Great analogy! xo