fiscal cliff lessons

[rockhound]

“Fiscal Cliff” put in a much better perspective


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 a 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: $385
Got it?…. OK now…


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 ****?

[Sharpienads]

I hadn't heard the second lesson before. I like it!

[Bailey Guns]

Democrat answer to #2: Flush the toilet several trillion times.

[birddog]

Well I guess you are supposed to raise the roof. That's what our role models do.

THATS A JOKE, I WOULD NEVER IDOLIZE THOSE IDIOTS IN WASHINGTON.

[Bailey Guns]

Democrat answer to #2: Flush the toilet several trillion times.

Forgot to add...the toilet must be an environmentally friendly, low-volume model.

[jerrymrc]

I have to say that putting it into a household budget like that just might be a way to teach some people. Just saying.