Fiscal Cliff Explained
"Fiscal Cliff" put in much better perspective:
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,
Let's now remove 8 zeros and pretend it's a household budget:
Annual Family Income: $21,700
Money the Family spends each year: $38,200
New Debt on the Credit Card: $16,500
Outstanding Balance on the Credit Card: $142,710
Total Budget Cuts so Far: $38.50
Got it??? Ok now.....
Here's a way to look at the debt ceiling:
Let's say you come home from work and find that there has been a sewer backup in your neighborhood.....
Your home has raw sewage in it all the way up to the ceiling. What should you do....
Raise the ceiling or remove the sewage.
The dumba**es in Washington want to raise the ceiling and take on more debt and do nothing about the true cause of the fiscal problems that we face, which is out of control spending.
Too bad we have a complete numbskull as 'president' and a complicit, do-nothing Congress and Senat. This idiot president can't even get a budget passed. How pathetic is that?