“Fiscal Cliff” Budget Explained v. Household Budget: NBC Reports day late
“Fiscal Cliff” put in a much better perspective.
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: $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
Here is what I find funny David Gregory, of Meet the Depressed reported a day after I wrote this post… haha Gregory you jackass your late on what us “average people” already know about.
This proves the lame stream media reports late if at all, the real problems of this country unless it fits their narrative of the day.
Simpson & Bowles were on the Sunday show and said “America is the best horse in the glue factory”, talking about this nation is in real trouble. If the deficit is not brought down by both sides we are in trouble. But Obama said “we are not going to cut our way to fix this problem”, so you can expect more taxes without any cuts to social programs. Gregory is so biased watching his show makes my blood boil with all his liberal jerks that sit around his little round table in agreement, nodding their heads like bobble head dolls.
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