"Fiscal Cliff" in Plain English

[3t3]

Richard -

Your point is well taken, but
your math is terribly flawed.
Rational:  removing eight zeros does yield comprehendible numbers, but ...
You say " * Total budget cuts so far:    $3.85"
The correct statement would have been :
 "* Total budget cuts so far:  $385"
This is still a paltry number,
but it is 100 times better than you originally stated. ;-)
 

     Terry McCarty
    3t3 at comcast.net
        wa5nti



Richard O'Neill wrote:

>
>
>  
> Now I understand!!
>  
> 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:               $16,271,000,000,000
> * 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
> * Balance owing on the credit card:         $162,710
> * Total budget cuts so far:                               $3.85
>  
> Got It ?
>  
> 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 crap?
>
>
>
>
>
>
>
>             =
>
>
>
>------------------------------------------------------------------------
>
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