Fiscal Cliff put into much better perspective:
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 $16,271,000,000,000
Recent budget cuts $38,500,000,000
Now let's 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 thus far $38.50
Got it? ...Ok, now,
Lesson #2:
Here's another way to look at the Debt Ceiling and "Fiscal Cliff":
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 sewage?
See also: