Author Topic: THE FISCAL CLIFF IN PERSPECTIVE  (Read 3060 times)

0 Members and 1 Guest are viewing this topic.

Offline esoito

  • Hero Member
  • *****
  • Posts: 1917
  • Rose&Sword
    • View Profile
THE FISCAL CLIFF IN PERSPECTIVE
« on: January 07, 2013, 11:24:05 pm »
Lesson No. 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 7 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: $3,850


OK. Now for...

Lesson No. 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 neighbourhood and your home has sewage all the way up to your ceilings.

What do you think you should do, raise the ceilings, or


Offline Gizmotron

  • Hero Member
  • *****
  • Posts: 1487
    • View Profile
Re: THE FISCAL CLIFF IN PERSPECTIVE
« Reply #1 on: January 08, 2013, 12:17:26 am »
Very good.

I wonder how long it will take for us to figure out that it only took about 2,000 people to give us all this. Imagine a civil war where only 2,000 targets exist.
"...IT'S AGAINST THE LAW TO BREAK THE LAW OF AVERAGES." 

Offline Blue_Angel

  • Hero Member
  • *****
  • Posts: 868
  • Do you want truth? You cannot handle the truth!
    • View Profile
Re: THE FISCAL CLIFF IN PERSPECTIVE
« Reply #2 on: October 27, 2017, 09:50:24 pm »
Very good.

I wonder how long it will take for us to figure out that it only took about 2,000 people to give us all this. Imagine a civil war where only 2,000 targets exist.


...it took 2000 years to make such progress in debt, after 2000 years more the same debt level will has astronomical values!  :cheer:
''For after all what is man in nature?
A nothing in relation to infinity, all in relation to nothing, a central point between nothing and all and infinitely far from understanding either.
The ends of things and their beginnings are impregnably concealed from him in an impenetrable secret.
He is equally incapable of seeing the nothingness out of which he was drawn and the infinite in which he is engulfed.'' B.Pascal

Offline owenslv

  • Steady Member
  • **
  • Posts: 59
    • View Profile
Re: THE FISCAL CLIFF IN PERSPECTIVE
« Reply #3 on: October 29, 2017, 04:56:10 am »
Nicely put Esoito.

That is really well written.


Now, taking it a step further, with USA dollars (being FIAT dollars) worth only an amount equal to the paper they are printed on, have you considered who is holding the debt and what the game really is?