Friday, December 28, 2012

Some different views on the "Fiscal Cliff".

“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: $142,710
  • Total budget cuts so far: $385
Got it?…. OK now…
Lesson # 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 shit?

Finally, there has been a lot of talk about the amateurish, inexperienced and bungled fiscal policies of Barack Hussein Obama and how he has done a poor job running the country and ruining our economy. Just for a moment suppose all of these failed policies were not an accident or the result of his lack of experience. Suppose they were designed to fail just like all the billions of stimulus dollars given to the solar energy companies that subsequently went bankrupt. Suppose his intention was to downgrade the status and world influence of America as he has already succeeded in downgrading our credit rating. Suppose for a moment that Obama is actually accomplishing everything he intended to do. If these suppositions are correct then is he waging war on us?


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