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The Fiscal Cliff For Local People
Kevin Barry | Fri, 04/01/2013 - 18:35
a) US Tax Revenues $2.170,000,000,000
b) Federal Budget $3,820,000,000,000
c) New Debt $1,650,000,000,000 (b - a)
d) National Debt $14,271,000,000,000
e) Recent Budget Cuts $ 38,500,000,000
Let's trim the figures a touch by removing a few zeroes and pretend that it is our household budget.
Ready?
a) Annual Family Income $21,700
b) Money That The Family Will Spend This Year $38,200
c) New Credit Card Debt $16,500
d) Outstanding Credit Card Balance $142,710
e) Household Budget Cuts $38.50
So, that's all right then.
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Comments
A well timed and much needed post. I don't think I have seen the situation expressed as clearly as this anywhere - and it has certainly brought the message home! Thanks Kevin