Thread: Economics The Debt Ceiling Approacheth
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Old 01-08-2013, 08:46 AM   #76
Comrade Crapski Comrade Crapski is offline
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Join Date: Mar 2012
Location: Sea of Green 23.4
Casino cash: $28270
Fiscal Cliff put in perspective:

* 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: $385

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