'Fiscal Cliff' put in a much better perspective.

Lesson #1

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 its 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: $38.50

Got it ??.........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 neighborhood...
and your home has sewage all the way up to your ceilings.
What do you think you should do......

Raise the ceilings, or remove the shit?

(Saw this on a poster yesterday)

 

It's not that simple, what if I want 10 new cars this year?

 

Could you afford it? If not then would you purposely put yourself in more debt?

 

Yes! I need 10 new cars every year!

 

If you could afford it, then you're budget would be balanced. So that would mean this post would more than likely not affect you!

 

It's simple. We remove the middle man

 

If my neighborhood experienced a sewage backup of this scale, I would move out of that neighborhood and let the authorities deal with my resulting mutant neighbors.

 

Are you suggesting that we all should just abandon America and move in with moose in Australia?

 

Well, maybe not moving. We could crash at his house for 10 years then leave after 10 years .

 

... no comment. (yes)

 

Good!

 

Yay Australia! Just be warned, we have $300 billion of debt! /s

And dammmn that debt, still nowhere near Japan's though

 

Pssshhh 300 billion. That's scrub debt. Gotta get into them trillions.