U.S. Fiscal Cliff Explained

February 4, 2013


This puts things into a much better perspective as  to the present economic situation..

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:                                 $  21,700.00
*  Money the family spent:                              $  38,200.00
*  New debt on the credit card:                       $  16,500.00
*  Outstanding balance on the credit card:     $ 142,710.00
*  Total budget cuts so far:                             $          38.50

Got  It ?????


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