Monday, December 31, 2012

My Rant of the Day: Going Over the Cliff!

A better perspective for you on the Fiscal Cliff:

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:  $14,271,000,000,000
Recent Budget Cuts:  $38,500,000,000

Now, remove 8 zeros and let's pretend it's your household budget:

Annual Family Income $21,700
Money the Family Spends:  $38,200
New Debt on Credit Cards:  $16,500
Outstanding Balance on Credit Cards:  $142,271
Total Budget cuts so far:  $38.50

If this was YOUR household would you make changes in 2013?  Could you sleep at night?  Would you expect to get a loan with this balance sheet?

We elect our officials (regardless of party), and they work for us!  If we go over the cliff be sure to check your paycheck -- it won't happen on the first check you get, but by February you should see a DRASTIC increase in taxes, REGARDLESS of your salary!

Come on Washington, FIX IT!

I feel better now that I've gotten that off my chest!


  1. No matter what happens, there will always be people who are not satisfied. So many people don't want to admit that a lot of their financial problems are caused by the people themselves. If you don't have the money now, how will you pay off your credit cards later?

  2. Yes, you would think it is as simple as looking at the numbers. If our elected officials would stop playing politics and face reality, it would be a start. I can only control my own household finances, so I have to start there, and just try to vote the smartest way I can.

  3. Well, they still haven't fixed anything! But I love how you took the zeros away to give it better perspective - good job!

  4. I still believe that the government is doing good things, but yes, those numbers hurt. I'm glad you referenced elected officials, because the budgets are their final decisions, not the individual Departments, which can still be very overworked.


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