fiscal cliff for dummies

http://strata-sphere.com/blog/index.php/archives/19327


"

* 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: $385.00 [fixed the math]

I would like to now append this with the effects of going over the fiscal cliff, using $109B for the spending cuts and $600B for the Clinton Tax rates coming back

* Annual family income: $27,700
* Money the family spent: $37,110
* New debt on the credit card: $9,400
* Outstanding balance on the credit card: $142,710
* Total budget cuts so far: $385.00

I like to think of this as the Fiscal Cliff for Dummies (GOP congressional dummies primarily). Note, I did not put the sequestration mandatory cuts on the last line, but instead I folded it into the spending line (since they are mandatory spending cuts).

What Jazz Shaw highlights with these numbers is how little DC is really trying to fix their theft of our kids’future incomes. DC has racked up that outstanding balance of $14.27 Trillion, and in their only response to voter pressure is a measly $38.5 billion, simply illustrates the incompetence of both parties.

and for retards,

and just because,

Bob, I'm an Amerikan. By virtue of my birth I am owed an education, housing, food, health care, and my equal share of the wealth in this nation. Quit resisting, bitching, and misrepresenting fairness; hand it over man.

The collective "we" are being denied our entitlements by crusty old bastards like you who are disillusioned; you actually believe that people should get off their dead asses and go earn a living, pay for their own education, food, and health care.

Quit being a sucker! Get in line and join us in the Worker's Paradise where we all get the same amount of everything that the Gubment wants us to have. One word of caution, don't make waves - speaking out against our Beloved Leader is not allowed. The last guy that did that got "disappeared" but let's face it, at the end of the day it's for the betterment of the Collective.

So the Fiscal Cliff isn't really a cliff, more like a simple bump up?

When watching NPR, wait for them to discuss the cuts, it is funny the way they phrase them. For military cuts, they are reasonable or balanced, for any social program cuts, they will be described as "draconian", or "to the bone".

These clowns in office now aren't even thinking about cuts.They are only trying to protect their pet projects. I can't believe they got a pay raise If the rest of did our jobs as poorly as these clowns we would be out of a job not getting a pay raise.