“Fiscal Cliff” put in a much better perspective.

 

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 on the Credit Card: $142,700
• 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 that you come home from work and find there has been a sewer backup in your neighborhood.  Your home has sewage all the way up to your ceiling.

What do you think you should do?

Raise the ceilings or remove the shit?