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 budge: 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?
Unfortunately there are WAY to many polysyllabic words and they would just get confused. It boils down to this: DO NOT SPEND MORE THAN YOU TAKE IN OR RAISE! DO NOT TAKE IN OR RAISE MORE THAN YOU NEED! There, not one of those words is more than a single syllable. Even those in Congress without a brain (that would be darned near all of them) should be able to understand that!
The founders of this republic understood the reasons for limited government and term limits. Human nature. Power corrupts. Our .gov is so large and cumbersome now that without the liberal and repeated application of tar,feathers,and rope we as a nation will fall. I fear that the time of the vote alone fixing the problem is past. Now I'm certainly not advocating the use of powder and patched ball ...................... but I do have some.
While I'd love to see the government get more fiscally responsible (que the laughing), I can't imagine it would ever actually happen unless we hit a "299-days" scenario. They will make a few cuts here and there, commenting on how it will save $xxx... over the next 2 decades, but the reality is there are too many of the same old stooges reelected, too many special interests, and too many people on the take. I make a real effort in life, regardless of the situation, to see alternate sides of an argument and compare them to my opinion/perspective. In this case, I simply can not understand when I read posts (mostly on other forums) from people that seem intelligent yet try to convince others that the debt doesn't matter for one reason or another, or that debt is a good thing. WTF?!? The dumbest response I've heard is that it doesn't matter because we are borrowing it from ourselves. I agree with oldawg- I don't see how voting alone can fix it.
@Harbin, thanks for the advise! I'm going to get today's mail so I can fill out all of the credit card offers. If this thing blows up in my face, I'll tell them you said it was okay. Alright? /Sarc off
@gunbunny -awesome! Any creditors that call, just say my name is Habibe Mohammad and I said it was ok.
