Our Government's "Fiscal Cliff" put in better perspectives:
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 already on the credit card: $142,710
Total budget cuts so far:
Only $385Lesson # 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?