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Non-Cattle Specific Topics
Coffee Shop
The Fiscal Cliff explained
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<blockquote data-quote="Fly-guy" data-source="post: 977762" data-attributes="member: 3252"><p>Lesson #1. </p><p></p><p>U.S. Tax revenue $2,170,000,000,000</p><p>Fed budget $3.820,000,000,000</p><p>New debt: $1,650,000,000,000</p><p>National debt: $14,271,000,000,000</p><p>Recent budget cuts: $38,500,000,000</p><p></p><p>Let's now remove 8 zeros and pretend it's a household budget.</p><p></p><p>Annual family income: $21,700</p><p>Money the family spent: $38,200</p><p>New debt on the credit card: $16,500</p><p>Outstanding balance on the credit card: $142,710</p><p>Total budget cuts so far: $38.50</p><p></p><p>Got it??.....OK now,</p><p>Lesson # 2.</p><p></p><p>Here's another way to look at the Debt Ceiling:</p><p></p><p>Let's say you come home from work and find there has been sewer backup in your neighborhood and your home has sewage all the way up to your ceiling.</p><p></p><p>What do you think you should do?</p><p></p><p>Raise the ceilings or remove the SHYT?</p></blockquote><p></p>
[QUOTE="Fly-guy, post: 977762, member: 3252"] 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 sewer backup in your neighborhood and your home has sewage all the way up to your ceiling. What do you think you should do? Raise the ceilings or remove the SHYT? [/QUOTE]
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The Fiscal Cliff explained
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