Beißen Gedanken: US Fiscal Cliff Put in Perceptive

20130111

US Fiscal Cliff Put in Perceptive

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 your 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

Total budget cuts so far: $38.50

Got It ??.......OK now,

Lesson # 2:

Lesson # 2

Here’s another way of looking 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 ceiling or remove the crap?

Note: This has been circling around the web the past few days.
TheIowaRepublican.com does not claim authorship of it. We do not know
who the original source is.