“Fiscal Cliff” put in a much better perspective.

“Fiscal Cliff” put in a much better perspective.

Lesson # 1:

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: $16,271,000,000,000
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:$162,710
Total budget cuts so far: $38.50

What do YOU think is the problem?

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Comments

  1. I’ve got to say, I’m seeing this banner on the side with Obamas face saying “He’s rich and successful. Tac him!!!”

    The funny thing is, he *asked* to be taxed more. With the presidents salary at 400k a year, he literally asked to be taxed more when he asked everyone making 250k a year or less to be taxed more. The Republicans wouldn’t let him tax himself anymore though when they wouldn’t go lower than 400k a year on the population facing tax increases.

    Oh, the irony – and stupidity of whoever made that banner.

    • Alex,
      Sometime, somewhere, someone will explain to you how much of a Ted Baxter you really are. Smile away, man. Damn those torpedoes! You are absolutely without clue.

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