Fiscal Cliff Explained

[richyb66]

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: $ 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: $ 38.50

 

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 street ...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 5hit?

[Guest shaggy]

Plumb up a 6 inch pipe from the base level in the kitchen, connect several length os waste pipe towards an undesirable neighbours property, and in the words of Eric Clapton, "let it flow let it flow"...............

[MarkBzero]

Ricjy,

Got it, wife still doesn't understand why she can't spend kit car fund on shoes any words of wisdom?

[Guest mower man]

Ricjy,

Got it, wife still doesn't understand why she can't spend kit car fund on shoes any words of wisdom?

Buy her some clogs and several tins of paint and some sequins ,or keep kit car money in your pocket and make sure she never knows how much you have got in the fund mowerman

[philshelton]

get her some hard wearing shoes http://www.horseshoesdirect.co.uk/

[Al Milton]

What are you trying to say Phil???