“Fiscal Cliff”; The Federal Budget simplfied to a Household Budget

Obviously simplifying the federal budget down to household terms doesn’t make a lot of sense since both have very different needs, however one common need between the two is to create a fiscally responsible budget. I found this sign posted and even though it simplifies things down to numbers that are far easier to read, I am posting this without any seriousness, and purely as it made me laugh.

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 (very important word here as this is only pretending) it’s a household budget:

  •  Annual family income: $21,700
  • Money the family spent: $38,200
  • New debt on the credit cart: $16,500
  • Outstanding balance on the credit card: $142,710
  • Total budget cuts so far: $38.50

Got it so far??….Ok now,

Lesson #2

Here’s another way to look at the Debt Ceiling:

Let’s say, You come home from work and find there has been a sewer backup in your neighbourhood…

and your home has sewage all the way up to your ceilings.

What Should You Do? Raise the Ceilings, or Remove the Crap!