Secondary

Fiscal Cliff – a far more understandable explanation

US 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 eight zeros and pretend it is a household budget:

Annual family income: $21,700

Money the family spent: $38,200

New debt on the credit card: $16,500

Outstanding credit card balance: $142,710

Total household budget cuts so far: $385

Got it?

Readers who would like this in graphic format, to share with friends, can click here. The picture contains another very funny explanation which I am not allowed to publish here due to one little word.

Comments are closed.