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Fiscal cliff explained
MoonChildChazz
Registered User
User ID: 141695
12-22-2012 06:00 PM

Posts: 390



Post: #1
Fiscal cliff explained
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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: $ 38.50
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akhenaten
Registered User
User ID: 79337
12-22-2012 06:06 PM

Posts: 1,340



Post: #2
RE: Fiscal cliff explained
MoonChildChazz  Wrote: (12-22-2012 06:00 PM)
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: $ 38.50

Looks like MOST American's budgets. Most fools can't seem to live within their means. I know people at my office who are making $75,000/yr (not including the 12% bonus and bennies) that are broke the day after payday. 40% of all Americans have NO savings whatsoever. I know it;s hard these days, but damn...budget much?

User ID: 157962- to "an unlearned man"
"I would guess you have a book case which contains greater than zero but less than two books. "

In a time of universal deceit - telling the truth is a revolutionary act.
George Orwell
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Luvapottamus
Registered User
User ID: 139225
12-22-2012 06:11 PM

Posts: 27,798



Post: #3
RE: Fiscal cliff explained
http://www.youtube.com/watch?v=c91usT4P1u0

Fiscal Cliff is contrived bullshit. Might as well be a cartoon.

http://www.youtube.com/watch?v=aW9oKt6vT-w

Truthout Radio host, Ted Asregadoo, speaks to Ellen Brown about the "Fiscal Cliff" and creative ways to avert it.

http://www.youtube.com/watch?v=LVFch_xOH4o

There is no such thing as sovereign debt. Nationalize monetary policy at the FED, reinstate Greenbacks.
Wall Street Sales Tax http://www.youtube.com/watch?v=Vb5OQUElilo
United Front Against Austerity
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